FINANCIAL_SERVICESAPPROVED

Union City Community Schools Awards Financial Services Contract to Michigan Finance Authority (June 2026)

Union City Community Schools authorized issuance and sale of up to $800,000 in state aid notes to the Michigan Finance Authority under the August 2026 SAN Loan Program. The short-term notes, dated August 20, 2026, will be repaid from pledged 2026/2027 state school aid and, if necessary, other available funds and tax levies.

Status
APPROVED
Document date
June 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Michigan Finance Authority
Agency
Union City Community Schools · MI

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

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $800,000 (purchase price not less than 97% of principal)
Contract type
FINANCIAL_SERVICES
Contract term
Notes dated August 20, 2026, maturing on April 20, 2027, July 20, 2027, and/or August 20, 2027 (or as determined in Exhibit A/Schedule I)
Renewal date
2027-08-20
Renewal
Single borrowing for fiscal year 2026/2027; notes are non-renewable obligations that mature on scheduled dates between April 20, 2027 and August 20, 2027 depending on series and installment structure. Any future borrowings would require separate board authorization and Authority approval.
Document type
Resolution
Source document
Union City Community Schools Resolution Authorizing Issuance of Notes in Anticipation of State School Aid 2026-06-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Union City Community Schools?

Michigan Finance Authority was awarded this financial services contract by Union City Community Schools, as recorded on June 23, 2026. The contract value is Not to exceed $800,000 (purchase price not less than 97% of principal).

How much is the Michigan Finance Authority contract with Union City Community Schools worth?

The Michigan Finance Authority contract with Union City Community Schools is valued at Not to exceed $800,000 (purchase price not less than 97% of principal), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Union City Community Schools Resolution Authorizing Issuance of Notes in Anticipation of State School Aid 2026-06-23 (Resolution), dated June 23, 2026 from Union City Community Schools. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Michigan Finance Authority hold?

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

View Michigan Finance Authority's profile

What is Union City Community Schools currently buying?

Explore Union City Community Schools's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Union City Community Schools's profile

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