City Continues Loan Repayments to Sturgis Bank
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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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