ENMU board calls special meeting

PORTALES — The Eastern New Mexico University Board of Regents has called a special meeting for Friday morning to allow refinancing on the privately owned San Juan Village and Sierra Vista Village housing complexes.

The meeting is scheduled for 10:30 a.m. at the ENMU Regents Room in the college’s administration building. The meeting is designated as a telephonic meeting, and the agenda includes no other items.

Scott Smart, the university’s vice president for business affairs, hadn’t seen specifics on the refinancing Tuesday morning. He said it was his understanding the facility owners were seeking to refinance a $4 million loan for the properties and receive some additional capital in the refinancing process.

“The reason we have to sign off on it is we have a ground lease,” Smart said. “Because the housing complex sits on our land, we have to give blessing to the financing.”