city_commission_meeting_agenda_december_2025.pdf
City Plans $2.8M NMFA Water Project Financing
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Description
Tucumcari plans to authorize a $2.8 million Water Project Fund loan/grant agreement with the New Mexico Finance Authority, including a $280,000 loan component, to fund the Eleventh Street steel tank, Hoover Well Field, and related transmission lines. The resolution would permit execution and delivery of the financing agreement upon commission approval.
Contract Details
Contract Amount
$2,800,000 (including a $280,000 loan component)
Vendor
NEW MEXICO FINANCE AUTHORITY (NMFA)
Agency
City of Tucumcari, NM
Contract Type
FINANCIAL_SERVICES
Document Date
December 11, 2025
Renewal Info
Initial loan/grant agreement authorization; repayment schedule and maturity date will be defined in the forthcoming NMFA agreement documents.
More from NEW MEXICO FINANCE AUTHORITY (NMFA)
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