FINANCIAL_SERVICESAPPROVED

Housing Authority of the county of San Miguel Awards Financial Services Contract to Palomas Power Llc (August 2026)

San Miguel County approved an industrial revenue bond ordinance authorizing up to $1.7856 billion in taxable IRBs for the Palomas Power LLC wind project. The County will receive payments in lieu of taxes over a 30‑year period starting in 2027 while bearing no repayment liability.

Status
APPROVED
Document date
August 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Palomas Power Llc
Agency
Housing Authority of the county of San Miguel · NM

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $1,785,600,000
Contract type
FINANCIAL_SERVICES
Contract term
First payment in 2027; payments over 30 years through 2056; project operating period locked in at 20 years
Renewal date
2056-12-31
Renewal
Single 30‑year IRB structure with payments slated from 2027 through 2056; no renewals described.
Document type
AgendaPacket
Source document
San Miguel County AgendaPacket Board of County Commissioners Regular Meeting 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of the county of San Miguel?

Palomas Power Llc was awarded this financial services contract by Housing Authority of the county of San Miguel, as recorded on August 11, 2026. The contract value is Not to exceed $1,785,600,000.

How much is the Palomas Power Llc contract with Housing Authority of the county of San Miguel worth?

The Palomas Power Llc contract with Housing Authority of the county of San Miguel is valued at Not to exceed $1,785,600,000, 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 San Miguel County AgendaPacket Board of County Commissioners Regular Meeting 2026-08-11 (AgendaPacket), dated August 11, 2026 from Housing Authority of the county of San Miguel. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Palomas Power Llc hold?

Palomas Power Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Palomas Power Llc's profile

What is Housing Authority of the county of San Miguel currently buying?

Explore Housing Authority of the county of San Miguel's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Housing Authority of the county of San Miguel's profile

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