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Council approves $7.51 million award for Hopps flood-mitigation project; Water Trust loan portion set at 13%
3806606 · June 13, 2025
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Summary
Roswell awarded Constructors Inc. a $7,513,529.03 contract for the Hopps flood mitigation project funded largely by a Water Trust Board grant; the loan portion is 13% at 0.25% interest amortized over 20 years.
The Roswell City Council approved the award of a $7,513,529.03 construction contract on June 12 for the Hopps flood-mitigation project, with funding tied to a New Mexico Water Trust Board agreement.
City staff reported bids were received May 13 and three firms bid the work; Constructors Incorporated was the lowest responsive bidder. The Water Trust Board agreement…
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