Las Cruces, New Mexico Development News
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Las Cruces Council Meeting - July 20, 2026
Published: Jul 20, 2026
Gym Magic Child Development Center Expansion Supported by City's LEDA Offer
The city is considering approving Ordinance 3119, which authorizes a Local Economic Development Act (LEDA) offer to Gym Magic's Child Development Center for a significant expansion. This project aims to create 10 new classrooms to accommodate 120 children, addressing a critical community need for childcare. The expansion represents a $4.3 million capital investment and is projected to create 37 full-time jobs, with competitive starting wages. The LEDA offer of $50,000, provided on a reimbursement basis, is contingent upon Gym Magic meeting specific performance milestones related to employment numbers and operational status.
City Council Votes to Repeal Select and Policy Review Committees
The city council has approved the repeal of ordinances establishing select and policy review committees from the municipal code. These committees, formed in 2020, were intended to gather information and provide advice or recommendations on various city matters. The repeal signifies a move towards greater transparency and accountability, with the council opting to conduct discussions and decision-making in more public forums like work sessions. Council members expressed that these committees were not effectively utilized or transparent, and their removal aligns with a commitment to open governance.
City Authorizes NMFA Loan for Flood Control Projects
The city is seeking authorization to execute a loan agreement with the New Mexico Finance Authority (NMFA) for flood control projects. The NMFA offers lower-cost financing due to the city's credit rating, as part of a debt cycling program designed for consistent annual debt payments. The anticipated closing date is August 28, 2026. Repayment will be funded by the fifth one-quarter increment of the municipal gross receipt tax (GRT), ensuring the general fund is not burdened. The loan amount will not exceed $3,650,000, with a maturity no later than June 1, 2038. The interest rate is anticipated to be around 4%, with an NMFA fee less than 1% of the principal. This follows a previous flood control loan obtained in 2023.
City Council Reviews Request to Increase Annual Spending Limit for Electronic Payments
The city council is considering Resolution 27-0116 to increase the annual spending limit for electronic payment services from $600,000 to $1 million. This adjustment is necessitated by a significant rise in electronic transactions for utility payments, driven by increased customer adoption of online portals and mobile apps. The contract with Payment Corporation of Charlotte, NC, has seen transaction volumes increase by approximately 64% from FY21 to FY23 and another 48% from FY23 to FY25. The increased limit will accommodate this higher volume, ensuring continued efficient processing of payments.
City Council Votes to Approve NMFA Loan for Flood Control Projects
The city is considering Ordinance 3116 to authorize a loan agreement with the New Mexico Finance Authority (NMFA) for flood control projects. The loan, not to exceed $3,650,000 with a maturity by June 1, 2038, will be repaid using a portion of the municipal gross receipt tax (GRT). The general fund will not be impacted, as repayment will come from the flood operating fund. The anticipated interest rate is around 4%, significantly lower than the statutory limit, with an NMFA fee under 1%. This is part of a debt cycling program to ensure consistent funding for flood control infrastructure.
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