October 8, 2025 City Commission Meeting Continued

Truth or Consequences City Commission · October 8, 2025

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Budget adjustment for water system debt service — motion and approval

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Staff explained the need to increase the debt-service line for the Bank of the Southwest on a USDA loan; the item is an interest-only payment account adjustment (using account 315) and will be reimbursed by USDA when the loan closes. A motion to approve the budget adjustment (resolution number 16) was moved and seconded and then taken to roll call.

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The Truth or Consequences City Commission reviewed budget adjustments and several grant applications, approved two EV-charging grant resolutions and a procurement for charging infrastructure, accepted (but did not adopt) a water/wastewater rate study pending the final report, discussed a $1 million capital outlay grant for wastewater treatment upgrades, and approved a Best Friends medical-grant extension for animal care.

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