$17M NMFA loan for Canyon Road plant upgrades
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Description
Santa Fe is considering approval of a $17,000,000 Loan and Subsidy Agreement with the New Mexico Finance Authority. The financing will fund flocculation and sedimentation upgrades and other improvements at the Canyon Road Water Treatment Plant, backed by water utility revenues.
Contract Details
Contract Amount
$17,000,000
Vendor
NEW MEXICO FINANCE AUTHORITY
Agency
Santa Fe MPO, NM
Contract Type
FINANCIAL_SERVICES
Document Date
April 29, 2026
Renewal Info
Long-term loan backed by water utility net revenues; the repayment schedule and maturity date are not included in the agenda text.
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