city-of-truth-or-consequences-city-commission-meeting-minutes_d4a.pdf
City Secures $1M Interim Loan From Bank of the Southwest for Water System
Trusted by teams at
Description
The City Commission approved a $1,065,983.36 interim loan agreement with Bank of the Southwest for water system improvement predevelopment costs over 24 months. This loan supports phase 2 water system upgrades and will be repaid by future USDA refinancing.
Contract Details
Contract Amount
$1,065,983.36
Vendor
BANK OF THE SOUTHWEST
Agency
City of Truth or Consequences, NM
Contract Type
FINANCIAL_SERVICES
Document Date
October 23, 2024
Contract Term
24 months
Renewal Date
2026-10-23
Renewal Info
Loan will be paid off by subsequent USDA long-term bond at 2.125%. No auto-renewal; short-term interim financing only.
More from BANK OF THE SOUTHWEST
Related Contracts
Central Consolidated Schools Regular School Board Meeting Agenda April 2026
APPROVEDSierra Vista Hospital Governing Board Meeting Minutes Jan 2026
AMENDEDcentral_consolidated_school_district_work_session.pdf
DISCUSSEDcentral_consolidated_school_district_board_minutes.pdf
APPROVEDcity-of-truth-or-consequences-city-commission-agenda-october-23-2024_165.pdf
AWARDEDMore from City of Truth or Consequences
city_commission_regular_meeting_agenda_november_19.pdf
city_of_truth_or_consequences_regular_meeting_agen.pdf
city_of_truth_or_consequences_regular_meeting_agen.pdf
city_of_truth_or_consequences_regular_meeting_agen.pdf
city_of_truth_or_consequences_regular_meeting_agen.pdf
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.