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Commission authorizes application for $12M in financing toward Alamogordo natatorium
Summary
Commission approved a resolution to submit a $12 million application to the New Mexico Finance Authority as an initial step toward financing a new natatorium; combined with a $4 million local transfer, the project budget would reach about $16 million for construction and contingencies.
The Alamogordo City Commission voted 7-0 to authorize staff to submit an application to the New Mexico Finance Authority for up to $12,000,000 in project financing for a new natatorium. City staff said the design process is advanced enough to begin the funding process and that, combined with a previously approved $4,000,000…
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