City of Santa Fe Governing Body Regular Meeting Agenda May 2026
City Approves NMFA Loan for Water Plant Upgrades
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Description
The Governing Body moved to approve a loan and subsidy agreement with the New Mexico Finance Authority for a $17,000,000 financing package, of which $8,500,000 is repayable principal. The funding will support major improvements to the Canyon Road Water Treatment Plant, including a new flocculation and sedimentation process.
Contract Details
Contract Amount
$17,000,000 loan; maximum repayable principal $8,500,000 plus interest and fees
Vendor
NEW MEXICO FINANCE AUTHORITY
Agency
Santa Fe Airport Commission, NM
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
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