City of Roswell Infrastructure Committee Agenda Packet May 2026
Roswell Closes NMFA Planning Grant for Asset Plan
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Description
Roswell secured a $12,007.90 planning grant from the New Mexico Finance Authority under Agreement PG-6092 to fund an Asset Management Plan with a $36,023.69 local match. Resolution 26-XX authorizes closing the grant, certifying completion, and receiving final reimbursement from NMFA.
Contract Details
Contract Amount
$12,007.90 (grant amount)
Vendor
NEW MEXICO FINANCE AUTHORITY
Agency
City of Roswell, NM
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
18 months from NMFA Board Approval Date (April 27, 2023) to approximately October 27, 2024, with closeout actions occurring by May 29, 2026 as documented
Renewal Date
2024-10-27
Renewal Info
The planning grant must be expended and the planning document completed within 18 months of NMFA Board approval; the agreement does not provide renewal options and requires repayment if deadlines are not met.
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