The Street Department and Vehicle Shop is requesting a budget adjustment in the amount of $165,200.00 from the Vehicle / Equipment 375 Fund into Account # 375-1025-411.48-20 for the purchase of a new RTN55ETD3-PS 55-ton lowboy trailer. This new trailer will replace the Street Departments 2006 lowboy trailer that has major machinal and structural issues. This trailer is used daily during the paving season to transport the asphalt paver and milling machine to various locations within the city. This trailer is also used by the Vehicle Shop to transport various types of equipment and large trucks to Albuquerque for repairs that can’t be done locally.
The Northwest New Mexico Council of Governments has assisted the City in submitting an application to the New Mexico Water Trust Board and New Mexico Finance Authority (NMFA) for financial assistance for the water distribution system that includes cast iron, asbestos cement, and ductile iron pipe replacement for which this application would hopefully fund phase one improvements both for current use and conjunctive use for the project.
This application requires that the Governing Body approve a resolution authorizing the submission of an application to the NMFA for its review and to further proceed with arrangement for financing the project. The application is for funding in the amount of $7,611,996.00 with a 20% match required. The match will be from Federal dollars from the Senate ear mark funding and the City of Gallup (local) funding. The City's match amount will be approximately $700,000.00.
Approve Resolution No. R2023-, authorizing submission of an application for financial assistance and project approval to the New Mexico Finance Authority for water distribution system replacement.