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FINANCIAL_SERVICESONGOING

City of South Haven Budget FY 2026-2027

City Continues Loan Repayments to Sturgis Bank

City of South HavenSTURGIS BANKJanuary 1, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

South Haven continues long-term loan repayments to Sturgis Bank for the Center Street Reconstruction Project, with maturities extending to FY 2035 and FY 2041. Debt service is supported by transfers from the DDA fund.

Contract Details

Vendor

STURGIS BANK

Agency

City of South Haven, MI

Contract Type

FINANCIAL_SERVICES

Document Date

January 1, 2026

Contract Term

Matures in parts FY 2035 and FY 2041

Renewal Date

2041-06-30

Renewal Info

Existing long-term loan facility with maturities in FY 2035 and FY 2041; no renewal or refinancing terms are noted for this specific loan.

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