ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
14.
Finance Committee
- Meeting Date:
- 06/04/2026
COMMITTEE:
Legal
CONTACT:
C. Josh Nairn-Mahan
CHAIR:
Will Cavin
ACTION REQUESTED:
Consider a budget adjustment and recommending approval to enter into a purchase and sale agreement for 77.8 acres of irrigated farmland for the expansion of the wastewater department (Mendoza)
BACKGROUND:
Initiated by: Omarr Mendoza
The property is located adjacent to the existing wastewater department
The property is located adjacent to the existing wastewater department
| 2306 E COLLEGE BLVD |
FINANCIAL CONSIDERATION:
Financial Impact (Revenue & Expense): Budget Adjustment Needed - $110,000
Revenue: N/A
Expense 53014355-817501 (Capital Outlay - Land)
Current/Original Budget: $740,000.00
Remianing Budget: $740,000.00
Requested Amount: $850,000.00
The total purchase price for the property will be $850,000.00, property was appraised at $1,050,000.
Revenue: N/A
Expense 53014355-817501 (Capital Outlay - Land)
Current/Original Budget: $740,000.00
Remianing Budget: $740,000.00
Requested Amount: $850,000.00
The total purchase price for the property will be $850,000.00, property was appraised at $1,050,000.
LEGAL REVIEW:
The city attorney has reviewed the purchase and sale agreement, this item was approved in legal comittee (4-0)
BOARD AND COMMITTEE ACTION:
Legal committee recommended approval (4-0) to refer to Finance Committee.
STAFF RECOMMENDATION:
Proceed as presented.