CONTRACTAMENDED

Debt Service to Bank of the Southwest Budget Increased

Disclosed value: Increase of $60,000 to debt service budget (interest-only payments); From minutes
Document date: Oct 8, 2025

What it covers

The City Commission approved a $60,000 budget increase for debt service payments to Bank of the Southwest tied to water system improvements under a USDA-backed loan. The additional interest-only payments will later be reimbursed by USDA when the loan closes.

Who holds it

Bank of the Southwest holds this financial services contract with City of Truth or Consequences. Its other public contracts on record include work for Central Consolidated Schools and Sierra Vista Hospital.

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Contract details

Contract type: Financial Services
Amount: Increase of $60,000 to debt service budget (interest-only payments)
Document date: October 8, 2025
Vendor: Bank of the Southwest
Agency: City of Truth or Consequences
Source document: City of Truth or Consequences Commission Minutes October 2025 (Minutes)

Bank of the Southwest's other public contracts

Central Consolidated Schools, New MexicoBoard Updates Bank of the Southwest Account Signers · Apr 21, 2026Undisclosed Sierra Vista Hospital, New MexicoHospital Updates Bank of the Southwest Signatories · Jan 27, 2026Undisclosed Central Consolidated Schools, New MexicoBoard Reviews Bank of the Southwest Authorization List · Aug 14, 2025Undisclosed Central Consolidated Schools, New MexicoBoard Updates Bank of the Southwest Signer List · Jul 24, 2025Undisclosed Central Consolidated Schools, New MexicoDistrict Approves Bank of the Southwest Authorized List · Jul 24, 2025Undisclosed All Bank of the Southwest contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Truth or Consequences?

Bank of the Southwest was awarded this financial services contract by City of Truth or Consequences, as recorded on October 8, 2025. The contract value is Increase of $60,000 to debt service budget (interest-only payments).

How much is the Bank of the Southwest contract with City of Truth or Consequences worth?

The Bank of the Southwest contract with City of Truth or Consequences is valued at Increase of $60,000 to debt service budget (interest-only payments), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Truth or Consequences Commission Minutes October 2025 (Minutes), dated October 8, 2025 from City of Truth or Consequences. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Bank of the Southwest hold?

Bank of the Southwest 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 Truth or Consequences currently buying?

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

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