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Council approves $1.04M NMED emergency loan for sewer repairs after October flood
2101766 · January 11, 2025
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Summary
The council adopted Ordinance 24‑23 to accept an emergency loan offer from the New Mexico Environment Department: $1,040,000 with 25% principal forgiveness and the remainder to be repaid, intended to fund repairs to sewer/wastewater infrastructure damaged in the October 2024 flood.
The Roswell City Council adopted Ordinance 24‑23 to accept an emergency loan from the New Mexico Environment Department to fund sewer repairs needed after the October 2024 flooding.
City staff described the loan terms at the public hearing:…
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