Village of Corrales Governing Body Agenda Packet April 28, 2026
NMFA Approves $1.6M Bond Sale for Corrales
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Description
The New Mexico Finance Authority has approved the Village of Corrales’ $1.6 million bond sale application to fund farmland preservation, roads and drainage, and fire projects. The council will act on an ordinance May 12, 2026 to authorize execution of closing documents ahead of a targeted June 26, 2026 closing.
Contract Details
Contract Amount
$1,600,000
Vendor
NEW MEXICO FINANCE AUTHORITY
Agency
Corrales village, NM
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
Bond sale closing targeted for June 26, 2026
Renewal Date
2026-06-26
Renewal Info
This is a one-time bond issuance under previously voter-approved authority; future renewals would require separate council and potentially voter actions.
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Village of Corrales Governing Body Agenda Packet April 28, 2026
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