Regular Items 2.
Infrastructure Committee
- Meeting Date:
- 11/18/2024
COMMITTEE:
Infrastructure
CONTACT:
Louis Najar
CHAIR:
Juan Oropesa
ACTION REQUESTED:
Consider Recommendation of Ordinance 25-XX for support of NMED emergency loan funding for sewer repairs after October 2024 flooding event.
BACKGROUND:
Initiated by: James MacCornack
New Mexico Environment Department has offered City of Roswell an emergency loan to assist with funding sewer repairs that were required after the October 2024 flooding event. NMED has offered $1,040,000 in funding that would be repaid when City receives FEMA reimbursement for disaster expenses.
New Mexico Environment Department has offered City of Roswell an emergency loan to assist with funding sewer repairs that were required after the October 2024 flooding event. NMED has offered $1,040,000 in funding that would be repaid when City receives FEMA reimbursement for disaster expenses.
FINANCIAL CONSIDERATION:
NMED would provide $1,040,000 to assist with sewer repairs, City would repay once FEMA reimbursement is received.
LEGAL REVIEW:
Loan documents have been submitted to City Attorney for review.
BOARD AND COMMITTEE ACTION:
Consider Recommendation of Ordinance 25-XX for support of NMED emergency loan funding for sewer repairs after October 2024 flooding event to December Finance Committee
Attachments
- ATT 1 - NMED Offer Letter
- ATT 2 - Draft Ordinance 25-xx
- ATT 3 - Project Description
- ATT 4 - Budget Form
- ATT 5 - Loan Checklist