In a pivotal meeting on September 24, 2025, the Sandoval County Commission discussed a significant funding package aimed at local development, totaling approximately $22.5 million from the county, $1 million from the city, and an additional $5 million from the state. This financial collaboration is crucial as it sets the stage for future projects, with the city council expected to review the proposal around October 22.
The county will act as the fiscal agent for this funding, similar to previous agreements made with San Juan County. This arrangement is designed to streamline the flow of funds from the city and state into county projects, ensuring that all financial resources are effectively managed and utilized.
Commissioner Jones emphasized the importance of aligning these funds, referring to them as the "three legs of the stool," which highlights the collaborative nature of this initiative. The commission is currently negotiating the details of the project participation agreement (PPA) and other related contracts, but the overall funding figures remain stable.
The commission unanimously approved the publication of a notice of intent regarding this funding package, marking a significant step forward in the county's development plans. The next Board of County Commissioners meeting is scheduled for October 8, 2025, where further discussions and updates are anticipated.