Finance Committee

Regular Meeting of the Finance Committee February 23, 2026 at 5:00 PM Council Chambers, City Hall 200 Lincoln Avenue MINUTES 1. Call to Order The Regular Meeting of the Finance Committee was called to order by Councilor Faulkner at 5:04 PM, on Monday, February 23, 2026, in the Council Chambers, CIty Hall, 200 Lincoln Avenue, Santa Fe, New Mexico. 2. Roll Call MEMBERS PRESENT Councilor Jamie Cassutt Councilor Pilar Faulkner Councilor Lee Garcia Councilor Alma Castro Councilor Paul Bustamante MEMBERS EXCUSED [ OTHER PARTICIPANTS ATTENDING Andrea K. Phillips, Deputy City Manager and Interim Finance Department Director Erminia M. Tapia, Business Operations Manager Destiny C. Duran, Administrative Manager 3. Approval of Agenda MOTION A motion was made by Councilor Castro, seconded by Councilor Garcia, to Approve. VOTE The motion Passed on a roll call vote. 4. Approval of Consent Agenda MOTION A motion was made by Councilor Castro, seconded by Councilor Bustamante, to Amend. VOTE The motion Passed on a roll call vote. The following item was pulled for Discussion: • Item 7l. 5. Public Comment 6. Presentations a. City of Santa Fe, Budget Presentation. (Andrew J. Hopkins, Budget Officer; ajhopkins@santafenm.gov) 7. Action Items: Consent Agenda a. Request for Approval of the February 09, 2026, Finance Committee Meeting Minutes. (Erminia Tapia, Business Operations Manager; emtapia@santafenm.gov) Committee Review: Finance Committee: 02/23/2026 Approved on Consent. b. Request for Approval of General Services Contract / Software Agreement with Image Trend, Inc for Call Reporting Software in the Total Amount of $406,658.49 Including GRT with a Term of Four Years. (Scott Ouderkirk, Fire Department, Interim Fire Chief; slouderkirk@santafenm.gov). Committee Review: Public Works and Utilities Committee: 02/16/2026 Public Safety Committee: 02/17/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. c. Request for Approval of Amendment No. 1 to Amended Condominium Declaration for Market Station to Adjust the Common Area of the City of Santa Fe’s Office Condominium at 500 Market Street. (Tim Farrell, Interim Facilities Division Director; tgfarrell@santafenm.gov) Committee Review: Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. d. Request for Approval of a Budget Amendment Resolution (BAR) in the Total Amount of $360,000 to Allocate from the 1/2% Capital GRT Fund to Complete Streets FY26 WIP Construction for Repairs to Corte de Princesa. (Marcos Esquibel, Acting Complete Streets Division Director; mpesquibel@santafenm.gov) Committee Review: Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026  Governing Body: 02/25/2026 Approved on Consent. e. Request for Approval of a Budget Amendment Resolution (BAR) to Allocate Road Impact Fees in the Total Amount of $600,000 to FY26 Revenue and Expenses for the Construction of Agua Fria - Cottonwood Roundabout Project. (Romella Glorioso-Moss,Complete Streets Capital Projects Manager; rsglorioso-moss@santafenm.gov) Committee Review: Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. f. Request for Approval of Capital Outlay Grant Agreement with the New Mexico Department of Finance and Administration for the Completion of the Replacement of Cerro Gordo Bridge Project 25-J5981 in the Total Amount of $300,000 with a Reversion Date of April 11, 2027. (Marcos Esquibel, Interim Complete Streets Director; mpesquibel@santafenm.gov) 1. Request for Approval of a Budget Amendment Resolution (BAR) to Allocate $300,000 from the 2025 Capital Appropriation to FY26 Revenue and WIP Construction for the Completion of the Replacement of Cerro Gordo Bridge. Committee Review: Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. g. Request for Approval of Capital Outlay Grant Agreement with New Mexico Department of Finance and Administration for the Improvement of the Nichols Dam Safety Rehabilitation Project 25-J5960 in the Total Amount of $997,850 with a Reversion Date of April 11, 2027. (Jesse Roach, Interim Public Utilities Department Director; jdroach@santafenm.gov) 1. Request for Approval of a Budget Amendment Resolution (BAR) to Allocate $997,850 from the 2025 Capital Appropriation to FY26 Revenue and WIP Construction for the Improvement of the Nichols Dam Safety Rehabilitation. Committee Review: Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent.  h. Request for Approval of Capital Outlay Grant Agreement Extension with New Mexico Department of Finance & Administration for the Improvement of Midtown Project 25-J4369 to Extend the Reversion Date to June 30, 2027. (Carly Vendetti, Metropolitan Redevelopment Agency Deputy Director; cavendetti@santafenm.gov) Committee Review: Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. i. Request for Approval of a Construction Contract with Gordo, LLC for the Arroyo de Los Chamisos Urban Trail Repair at Vo Tech Road in the Total Amount of $643,159 through June 30, 2029. (Zoe Isaacson, River and Watershed Manager: zrisaacson@santafenm.gov) 1. Request for Approval of a Budget Amendment Resolution (BAR) in the Total Amount of $643,159 from the Stormwater Clean Water State Revolving Fund Loan to WIP Construction. Committee Review: Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. j. Request for Approval of the Age Friendly Action Plan. (Manuel Sanchez, Interim Community Services Department Director; mnsanchez@santafenm.gov) Committee Review: Public Works and Utilities Committee: 02/16/2026 Quality of Life Committee: 02/18/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. k. Request for Approval of a Budget Amendment Resolution (BAR) in the Total Amount of $210,567 to Re-Appropriate Unused FY25 Funds to FY26 Professional Contracts to Support Ongoing Commitments and Implementations into FY26. (Loretta Olguin, Business Operations Manager; lsolguin@santafenm.gov) Committee Review: Quality of Life Committee: 02/18/2026  Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. l. Request for Approval of a Service Agreement with Soundthinking Inc for the Purchase of a Gunshot Detection, Location, and Forensic Analysis Service in the Total Amount of $354,000 for a One-Year Term. (Jimmie Montoya, Police Captain; jemontoya@santafenm.gov) Committee Review: Quality of Life Committee: 02/18/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 MOTION A motion was made by Councilor Castro, seconded by Councilor Bustamante, to Deny. VOTE The motion Failed on a roll call vote. MOTION A motion was made by Councilor Garcia, seconded by Councilor Faulkner, to Approve. VOTE The motion Passed on a roll call vote. m. Request for Approval of Amendment No. 2 to Grant Agreement Item# 22-0514 with the New Mexico Aging and Long-Term Services Department to Extend the Reversion Date to June 30, 2026, for Encumbered Funds in the Amount of $170,259.18 for Grant Agreement E5290 to Purchase and Equip Vehicles for the Mary Esther Gonzales Senior Center. (Manuel Sanchez, Senior Services Director; mnsanchez@santafenm.gov) Committee Review: Quality of Life Committee: 02/18/2026 Finance Committee: 02/23/2026 Governing Body Committee: 02/26/2026 Approved on Consent. n. Request for Approval of Amendment No. 2 to Grant Agreement Item #22-0541 with the New Mexico Aging and Long-Term Services Department to Extend the Reversion Date to June 30, 2026, for Encumbered Funds in the Amount of $133,762.68 for Grant Agreement E5288 to Plan, Design, Construct, Equip and Furnish the Mary Esther Gonzales Senior Center. (Manuel Sanchez, Senior Services Director; mnsanchez@santafenm.gov) Committee Review: Quality of Life Committee: 02/18/2026 Finance Committee: 02/23/2026 Governing Body Committee: 02/26/2026 Approved on Consent. o. Request for Budget Amendment Resolution (BAR) in the Amount of $80,000 to  Transfer One-Time Funding in FY26 from Planning & Land Use to ITT to Compensate for the Purchase of the OpenGov Software. (Heather Lamboy, Planning and Land Use Director; hllamboy@santafenm.gov) Committee Review: Quality of Life Committee: 02/18/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. p. CONSIDERATION OF BILL NO. 2024-14. ADOPTION OF ORDINANCE NO. 2026-____. (Councilor Amanda Chavez and Councilor Alma Castro) A Bill Amending Section 25-4.1, Exhibit A, Rule Number 2 to Adopt New Definitions and Adopting a New Rule Number 7, Imposing Requirements for Backflow Prevention and Control for Certain Customers, Imposing Fees for Administering the Program, and Imposing Fines for Violations. (Justin Gonzales, Cross Connection Specialist; jmgonzales1@santafenm.gov) Committee Review: Governing Body (Introduced): 01/28/2026 Governing Body (Public Comment): 02/11/2026 Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body (Public Hearing): 03/11/2026 Approved on Consent. q. CONSIDERATION OF BILL NO. 2026-01. ADOPTION OF ORDINANCE NO. 2026- ____.(Councilor Amanda Chavez) Be It Ordained By the Governing Body of the City of Santa Fe: Authorizing the Execution and Delivery of a Water Project Fund Loan/Grant Agreement by and Between the New Mexico Finance Authority (“NMFA”) and the City of Santa Fe, New Mexico (the “Borrower/Grantee”), in the Total Amount of $7,750,000, Including a Loan in the Amount of $3,100,000 Evidencing an Obligation of the Borrower/Grantee to Utilize the Loan/Grant Amount Solely for the Purpose of Financing the Costs of Construction of New Flocculation and Sedimentation Improvements to the Canyon Road Water Treatment Plant, Including Demolition of Existing Clarifier Equipment, Structural Additions, New Flocculation and Sedimentation Equipment, All Associated Power, Controls, Process and Chemical Piping, and Valves, New Flocculation Master Control Center Electrical Building and Associated Grading and Paving, Potable Water Yard Piping Relocation and All Associated Instrumentation, Electrical, Architectural and HVAC Design Components, Including Related Work and Revisions, and Solely in the Manner Described in the Loan/Grant Agreement; Providing for the Pledge and Payment of the Loan Amount and an Administrative Fee Solely From the Net Revenues of the Water Utility System of the Borrower/Grantee; Certifying that the Loan/Grant Amount, Together With Other Funds Available to the Borrower/Grantee, is Sufficient to Complete the Project; Approving the Form of and Other Details Concerning the Loan/Grant Agreement; Ratifying Actions Heretofore Taken; Repealing All Action Inconsistent With this Ordinance; and Authorizing the Taking of Other Actions in Connection With the Execution and Delivery of the Loan/Grant Agreement. (Alan Hook, Water Resources Coordinator;  aghook@santafenm.gov) Committee Review: Governing Body (Introduced): 01/28/2026 Governing Body (Public Comment): 02/11/2026 Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body (Public Hearing): 03/11/2026 Approved on Consent. r. CONSIDERATION OF RESOLUTION NO. 2026-_____. (Councilor Jamie Cassutt) A Resolution Authorizing the City of Santa Fe to Submit Applications to the Local Government Fund, the Municipal Arterial Program, the Transportation Project Fund, and Any Other Applicable State Transportation Funding Programs for State Transportation Construction Funding for the Henry Lynch Road Reconstruction Project from Rufina Street to Agua Fria Street and Committing to the Applications’ Requirement for a Local Match of Funding. (Romella Glorioso-Moss, PhD, CPM, AICP, Capital Projects Manager; rsglorioso-moss@santafenm.gov) Committee Review: Governing Body (Introduced): 02/11/2026 Public Works and Utilities Committee: 02/16/2026 Finance Committee: 02/23/2026 Governing Body: 02/25/2026 Approved on Consent. 8. Action Items: Discussion Agenda 9. Matters from Staff 10. Matters from the Committee 11. Matters from the Chair 12. Next Meeting: Monday, March 09, 2026 13. Adjourn Meeting Adjourned at 6:52 P.M. Lee Garcia (Mar 14, 2026 17:21:37 MDT) ________________________________ __________________________________ Liaison Chair Finance Committee_Minutes_02.23.26 Final Audit Report 2026-03-14 Created: 2026-03-10 By: ERMINIA TAPIA (emtapia@santafenm.gov) Status: Signed Transaction ID: CBJCHBCAABAAVuPLN26Pf1E2myrEEgB8DtJwRp0UhixZ "Finance Committee_Minutes_02.23.26" History Document created by ERMINIA TAPIA (emtapia@santafenm.gov) 2026-03-10 - 11:12:00 PM GMT- IP address: 63.232.20.2 Document emailed to lagarcia@santafenm.gov for signature 2026-03-10 - 11:12:25 PM GMT Email viewed by lagarcia@santafenm.gov 2026-03-10 - 11:12:29 PM GMT- IP address: 51.54.38.123 Email viewed by lagarcia@santafenm.gov 2026-03-14 - 11:18:27 PM GMT- IP address: 174.240.16.164 Signer lagarcia@santafenm.gov entered name at signing as Lee Garcia 2026-03-14 - 11:21:35 PM GMT- IP address: 174.240.16.164 Document e-signed by Lee Garcia (lagarcia@santafenm.gov) Signature Date: 2026-03-14 - 11:21:37 PM GMT - Time Source: server- IP address: 174.240.16.164 Agreement completed. 2026-03-14 - 11:21:37 PM GMT