City of Roswell Agenda Packet 2026-06-11
Roswell Targets NMFA Loan for Utility Bond Refinancing
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Description
The City of Roswell is preparing to enter a loan agreement with the New Mexico Finance Authority, not to exceed $11,750,000, to refinance its Series 2017 Joint Water and Sewer Improvement Bonds. This move is expected to save the city around $750,000 in future debt service payments.
Contract Details
Contract Amount
Not to exceed $11,750,000
Vendor
NEW MEXICO FINANCE AUTHORITY
Agency
Roswell Air Center Board, NM
Contract Type
FINANCIAL_SERVICES
Document Date
June 11, 2026
Contract Term
Maximum term of 15 years. Loan begins upon execution after July 2026 Council approval.
Renewal Date
2041-07-09
Renewal Info
Loan will have a maximum term of 15 years. Replaces/refinances 2017 bonds. Final terms and date confirmed via Sale Certificate after Council approval.
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