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Loan for Cleveland-Cliffs Inc. property purchase

City of Ishpeming
Disclosed value
$60,000-90,000
From minutes
Document date
Aug 19, 2025
Term
Short term

The 30-second brief

What it covers

Ishpeming City Council considers short-term loan of $60,000-90,000 annually from local financial institution, utilizing 11-15% of Public Improvement millage for Cleveland-Cliffs Inc. property purchase. The tax revenue that the City would loose from the parcels would be approximately $23,000.

Who holds it

CLEVELANDCLIFFS holds this loan contract with City of Ishpeming. Its other public contracts on record include work for Marquette County and New York State Common Retirement Fund.

What happens next

Term as filed: Short term.

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Contract details

Contract type
Loan
Amount
$60,000-90,000
Document date
August 19, 2025
Term
Short term
Vendor
CLEVELANDCLIFFS
Agency
City of Ishpeming
Source document
ishpeming_city_council_special_proceedings_august.pdf (Minutes)

CLEVELANDCLIFFS's other public contracts

Marquette County, MichiganCleveland-Cliffs Inc. trail easement agreement pre-approved · Oct 21, 2025UndisclosedCity of Ishpeming, MichiganCity considers purchasing Cleveland-Cliffs Inc properties · Aug 19, 2025$239.8KNew York State Common Retirement Fund, New YorkCleveland-Cliffs climate action agreement · Apr 1, 2025UndisclosedCity of East Chicago, Indianacity-of-east-chicago-agenda-2024-07-25_4d1.pdf · Jul 25, 2024UndisclosedAll CLEVELANDCLIFFS contractsVendor profile

More City of Ishpeming contracts

Michigan Department of TransportationIshpeming Council to Consider MDOT Contract Approval · Oct 14, 2026UndisclosedWoda Cooper Development IncIshpeming Council to Discuss Woda Cooper Development Agreement · Sep 30, 2026UndisclosedWoda Cooper Development IncIshpeming Council to Discuss Municipal Services Agreement · Sep 30, 2026UndisclosedUPEAIshpeming Council to Discuss UPEA PFAS Testing Agreement · Sep 30, 2026UndisclosedCarlisle | Wortman Associates IncDDA strategic planning session with consulting firm · Aug 24, 2026UndisclosedAll City of Ishpeming activityAgency profile

Questions about this contract

Who was awarded the loan contract by City of Ishpeming?

CLEVELANDCLIFFS was awarded this loan contract by City of Ishpeming, as recorded on August 19, 2025. The contract value is $60,000-90,000.

How much is the CLEVELANDCLIFFS contract with City of Ishpeming worth?

The CLEVELANDCLIFFS contract with City of Ishpeming is valued at $60,000-90,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a minutes record.

Where was this contract approved?

This contract appears in ishpeming_city_council_special_proceedings_august.pdf (Minutes), dated August 19, 2025 from City of Ishpeming. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does CLEVELANDCLIFFS hold?

CLEVELANDCLIFFS may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Ishpeming currently buying?

Explore City of Ishpeming's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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