CONTRACTONGOING

Clearmont secures DWSRF loan for Well #3

Town of Clearmont
Disclosed value
In excess of $207,922 (maximum $232,285.00)
From public notice
Document date
Jun 2, 2025

The 30-second brief

What it covers

The Town of Clearmont has obtained financing from the Drinking Water State Revolving Loan Fund for the Well #3 Connection Project, borrowing over $207,922 with a maximum loan of $232,285. The one-year loan at 1.5% interest, 50% eligible for principal forgiveness, matures April 1, 2026 and will be repaid through user fees and county capital facilities tax revenues.

Who holds it

Drinking Water State Revolving Loan Fund holds this financial services contract with Town of Clearmont. Its other public contracts on record include work for Housing Authority of the city of Alamogordo and City of Alamogordo.

What happens next

Term as filed: Repayment period of one (1) calendar year; loan maturity date April 1, 2026.

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Contract details

Contract type
Financial Services
Amount
In excess of $207,922 (maximum $232,285.00)
Document date
June 2, 2025
Term
Repayment period of one (1) calendar year; loan maturity date April 1, 2026
Source document
town-of-clearmont-public-meeting-well-3-project-update-funding-jun-30-2025_7fd.md (Public Notice)

Drinking Water State Revolving Loan Fund's other public contracts

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Questions about this contract

Who was awarded the financial services contract by Town of Clearmont?

Drinking Water State Revolving Loan Fund was awarded this financial services contract by Town of Clearmont, as recorded on June 2, 2025. The contract value is In excess of $207,922 (maximum $232,285.00).

How much is the Drinking Water State Revolving Loan Fund contract with Town of Clearmont worth?

The Drinking Water State Revolving Loan Fund contract with Town of Clearmont is valued at In excess of $207,922 (maximum $232,285.00), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a public notice record.

Where was this contract approved?

This contract appears in town-of-clearmont-public-meeting-well-3-project-update-funding-jun-30-2025_7fd.md (Public Notice), dated June 2, 2025 from Town of Clearmont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Drinking Water State Revolving Loan Fund hold?

Drinking Water State Revolving Loan Fund 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 Town of Clearmont currently buying?

Explore Town of Clearmont's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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