FINANCIAL_SERVICESPENDING

Township Authorizes $4M DWSRF Bond with MFA

Breitung Township is authorizing issuance of up to $4,000,000 in junior lien revenue bonds for the East Kingsford water project, to be sold to the Michigan Finance Authority under the DWSRF program. The bonds will carry a roughly 40-year term at 2.00% interest, with EGLE providing $1,782,500 in principal forgiveness.

Status
PENDING
Document date
July 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Michigan Finance Authority
Agency
Town of Breitung charter · MI

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Veritone logo
TerraCycle logo
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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 $4,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Approximately 40-year term at 2.00% interest
Renewal date
2066-08-27
Renewal
Single long-term revenue bond financing; approximately 40-year amortization, no recurring renewal.
Document type
Agenda
Source document
Charter Township of Breitung Board of Trustees Regular Meeting Agenda 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Breitung charter?

Michigan Finance Authority was awarded this financial services contract by Town of Breitung charter, as recorded on July 12, 2026. The contract value is Not to exceed $4,000,000.

How much is the Michigan Finance Authority contract with Town of Breitung charter worth?

The Michigan Finance Authority contract with Town of Breitung charter is valued at Not to exceed $4,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Charter Township of Breitung Board of Trustees Regular Meeting Agenda 2026-07-13 (Agenda), dated July 12, 2026 from Town of Breitung charter. 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.

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What is Town of Breitung charter currently buying?

Explore Town of Breitung charter's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Breitung charter's profile

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