San Miguel County 2026 Final Budget
County Continues Vectra Bank Sheriff Facility Lease
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Description
San Miguel County will make $219,261 in 2026 payments to Vectra Bank under a lease-purchase agreement totaling $2,214,320 for the Sheriff’s new facility and remodel. The financing spreads capital costs over multiple years subject to annual appropriation.
Contract Details
Contract Amount
$219,261 in 2026 payments; total payments $2,214,320
Vendor
VECTRA BANK
Agency
San Miguel County, NM
Contract Type
FINANCIAL_SERVICES
Document Date
December 10, 2025
Renewal Info
Ongoing lease‑purchase obligation with maximum total payments of $2,214,320; subject to annual appropriation until paid in full.
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