FINANCIAL_SERVICESAPPROVED

City of Clovis Awards Financial Services Contract to New Mexico Finance Authority (October 2026)

The City of Clovis approved a Water Project Fund Loan/Grant Agreement with the New Mexico Finance Authority for the Raw Water Conveyance Project. The financing totals up to $24.3 million, including a $2.43 million loan and $21.87 million grant, with repayment limited to the interim period plus 20 years.

Document date · October 14, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $24,300,000, including a loan not to exceed $2,430,000 and a grant not to exceed $21,870,000
Contract type
FINANCIAL_SERVICES
Contract term
Interim period plus no more than 20 years
Renewal
Loan/grant agreement; no renewal option stated. Final terms remain subject to the parameters in Ordinance No. 2262-2026.
Document type
AgendaPacket
Source document
City of Clovis AgendaPacket City Commission Regular Meeting 2026-10-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Clovis?

New Mexico Finance Authority was awarded this financial services contract by City of Clovis, as recorded on October 14, 2026. The contract value is Not to exceed $24,300,000, including a loan not to exceed $2,430,000 and a grant not to exceed $21,870,000.

How much is the New Mexico Finance Authority contract with City of Clovis worth?

The New Mexico Finance Authority contract with City of Clovis is valued at Not to exceed $24,300,000, including a loan not to exceed $2,430,000 and a grant not to exceed $21,870,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Clovis AgendaPacket City Commission Regular Meeting 2026-10-15 (AgendaPacket), dated October 14, 2026 from City of Clovis. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does New Mexico Finance Authority hold?

New Mexico Finance Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View New Mexico Finance Authority's profile

What is City of Clovis currently buying?

Explore City of Clovis's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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