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Corrales Considers $2 Million NMED Water Rights Loan

Corrales village
Disclosed value
$2,000,000 principal plus 1% accrued interest
From agendapacket
Document date
Nov 18, 2025

The 30-second brief

What it covers

Corrales plans to consider a loan agreement with NMED for $2 million plus 1% accrued interest. The proceeds would support possible water-rights purchases for the Village.

Who holds it

NMED holds this financial services contract with Corrales village. Its other public contracts on record include work for East Pecos Mutual Domestic Water Consumers Assoc. and Santa Fe County.

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Contract details

Contract type
Financial Services
Amount
$2,000,000 principal plus 1% accrued interest
Document date
November 18, 2025
Vendor
NMED
Agency
Corrales village
Source document
Village of Corrales AgendaPacket Village Council Meeting 2025-11-18 (AgendaPacket)

NMED's other public contracts

East Pecos Mutual Domestic Water Consumers Assoc., New MexicoBoard Approves NMED Agreement for $50,000 · Sep 8, 2026$50KSanta Fe County, New MexicoNMED Septic Permit Secured for ADU Project · Sep 5, 2026UndisclosedFort Sumner Municipal Schools, New MexicoHealth Permits Purchased From NMED for Cafeteria · Aug 17, 2026$400East Pecos Mutual Domestic Water Consumers Assoc., New MexicoNMED Funding Planned for Water Hookup Project · Jul 7, 2026City of Gallup, New MexicoBudget Adjustment to Implement $3M NMED Wastewater Grant · Jan 6, 2026$3MAll NMED contractsVendor profile

More Corrales village contracts

Siegel, JonathanVillage On-Call Architect Jonathan Siegel Introduces Himself · Oct 21, 2026UndisclosedEzee FiberEzee Fiber Continues Corrales Fiber Installation Project · Oct 13, 2026UndisclosedHUITT-ZOLLARSHuitt-Zollars Providing Engineering Services for Restroom Project · Oct 13, 2026UndisclosedMcm ConsultingMCM Consulting Reports on Corrales Addressing Deficiencies · Oct 13, 2026UndisclosedNew Mexico Land ConservancyCorrales Completes Trosello Conservation Easement Closing · Sep 22, 2026All Corrales village activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Corrales village?

NMED was awarded this financial services contract by Corrales village, as recorded on November 18, 2025. The contract value is $2,000,000 principal plus 1% accrued interest.

How much is the NMED contract with Corrales village worth?

The NMED contract with Corrales village is valued at $2,000,000 principal plus 1% accrued interest, 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 Village of Corrales AgendaPacket Village Council Meeting 2025-11-18 (AgendaPacket), dated November 18, 2025 from Corrales village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does NMED hold?

NMED 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 Corrales village currently buying?

Explore Corrales village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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