In a recent government meeting, officials discussed a significant ordinance aimed at securing funding for a major water project in Eastern New Mexico. The proposed ordinance seeks approval for a loan grant agreement between the New Mexico Finance Authority and the Eastern New Mexico Water Utility Authority, which includes municipalities such as Clovis, Portales, and Texaco. The total funding request amounts to $20 million, comprising a $2 million loan and an $18 million grant.

The funds are earmarked for the design, easement, right-of-way acquisition, and construction of critical components of the Eastern New Mexico rural water system. This includes the development of raw water conveyance systems and essential infrastructure like intake and Caprock pump stations, as well as a storage tank.

City officials emphasized the collaborative nature of the project, highlighting partnerships with federal and state entities. The U.S. Department of the Interior has committed to covering 75% of the capital construction costs, while the state of New Mexico is expected to contribute 15% through water trust board grants. The remaining 10% will be covered by the member communities of the water authority, with the $2 million loan serving as their local match.

The water authority administrator, Mr. Ortega, was present to address any inquiries regarding the project, which has been recognized as a model initiative by the water trust board. Officials expressed their commitment to maintaining high application scores for funding, ensuring the project's continued support and success.

The ordinance also includes provisions for delegating authority to city officials to finalize the terms of the loan grant agreement, securing local contributions, and creating a lien on city revenues to guarantee loan repayment. The meeting underscored the importance of this project for the region's water infrastructure and the collaborative efforts required to bring it to fruition.