FINANCIAL_SERVICESAPPROVED

City of Hobbs Awards $14,250,000 Financial Services Contract to Lea County (August 2026)

Hobbs approved an MOA with Lea County for a reimbursable infrastructure grant of up to $14,250,000.00 to fund road, utility, fire hydrant, and drainage improvements. The City must expend and request reimbursement of eligible costs by June 30, 2028.

Status
APPROVED
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Lea County
Agency
City of Hobbs · NM

Trusted by teams at

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
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
$14,250,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Through June 30, 2028, or until funds fully used
Renewal date
2028-06-30
Renewal
MOA remains in effect until funds are fully used or June 30, 2028, whichever comes first; no guarantee of additional funding beyond this grant term.
Document type
AgendaPacket
Source document
City of Hobbs AgendaPacket 2026-08-03

Related contracts

Other contracts from Lea County.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

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

Lea County was awarded this financial services contract by City of Hobbs, as recorded on August 3, 2026. The contract value is $14,250,000.00.

How much is the Lea County contract with City of Hobbs worth?

The Lea County contract with City of Hobbs is valued at $14,250,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Hobbs AgendaPacket 2026-08-03 (AgendaPacket), dated August 3, 2026 from City of Hobbs. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lea County hold?

Lea County 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 Lea County's profile

What is City of Hobbs currently buying?

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

View City of Hobbs's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free