Rio Rancho City Council approves $32M bond for road improvements and fire station

Rio Rancho's governing body made significant strides in community development during their regular meeting on March 27, 2025, approving a substantial amendment to the Community Development Block Grant (CDBG) action plans and moving forward with a major bond issuance.

The meeting began with a public hearing regarding proposed amendments to the CDBG action plans for 2018, 2019, and 2022. Despite the opportunity for public comment, no residents signed up to speak. The amendment reallocates underutilized funds from the down payment assistance program to the Safelite Boulevard ADA ramp project, addressing a more immediate community need. The governing body unanimously approved the resolution, signaling a commitment to enhancing accessibility in the city.

In a pivotal move for infrastructure development, the council also advanced an ordinance authorizing the issuance of up to $32 million in gross receipts tax improvement revenue bonds. These funds will support critical projects, including road improvements and the construction of Fire Station 8. The bond issuance is expected to leverage approximately $11.5 million in federal funding and $2 million in state matching funds, expediting the city's infrastructure goals.

The ordinance, which underwent minor adjustments from its first reading, is designed to streamline the bond issuance process and is anticipated to close by mid-May. This financial strategy not only aims to improve public facilities but also reflects the city's proactive approach to managing its resources effectively.

As Rio Rancho continues to prioritize community needs and infrastructure improvements, these decisions are set to have lasting impacts on the quality of life for its residents. The governing body’s actions demonstrate a clear focus on addressing immediate community needs while planning for future growth and development.