City of Rio Rancho Awards $140,000,000 Industrial Revenue Bonds Contract to Quail Ranch Energy Storage (May 2024)
City of Rio RanchoCity · Rio Rancho, NM- Disclosed value
- $140,000,000
- From meeting minutes
- Approved
- May 9, 2024
The 30-second brief
Ordinance approved for Quail Ranch Energy Storage LLC Project, authorizing the issuance and sale of up to $140,000,000 in revenue bonds for financing the equipping of an industrial revenue bond project, Payments In Lieu of Taxes by the Company to the City, Rio Rancho Public Schools, and Albuquerque Public Schools. Project aligns with New Mexico's transition to renewable energy.
Quail Ranch Energy Storage holds this industrial revenue bonds contract with City of Rio Rancho.
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Contract details
- Contract type
- Industrial Revenue Bonds
- Amount
- $140,000,000
- Document date
- May 9, 2024
- Term
- NA
- Agency
- City of Rio Rancho
- Source document
- city-of-rio-rancho-meeting-minutes-2024-05-09_0d8.pdf (Meeting Minutes)
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Questions about this contract
Who was awarded the industrial revenue bonds contract by City of Rio Rancho?
Quail Ranch Energy Storage was awarded this industrial revenue bonds contract by City of Rio Rancho, as recorded on May 9, 2024. The contract value is $140,000,000.
How much is the Quail Ranch Energy Storage contract with City of Rio Rancho worth?
The Quail Ranch Energy Storage contract with City of Rio Rancho is valued at $140,000,000, covering industrial revenue bonds work.
What type of contract is this?
This is a Industrial Revenue Bonds contract, documented as a meeting minutes record.
Where was this contract approved?
This contract appears in city-of-rio-rancho-meeting-minutes-2024-05-09_0d8.pdf (Meeting Minutes), dated May 9, 2024 from City of Rio Rancho. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Quail Ranch Energy Storage hold?
Quail Ranch Energy Storage may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Rio Rancho currently buying?
Explore City of Rio Rancho's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.