FINANCIAL_SERVICESONGOING

Lansing City Council AgendaPacket Committee of the Whole 2026-06-22

Lansing, Board of Water & Light Renew Revenue Pact for FY26

6% of total budgeted Board operating revenues for fiscal year commencing July 1, 2025, as in effect at start of fiscal 2026; if actual revenues are higher, then 6% of actual operating revenuesCity of Lansing cityBOARD OF WATER & LIGHTJune 20, 2026

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Description

Lansing and Board of Water & Light entered Amendment No. 8 to continue 6% revenue-based payments through June 2026. The agreement adapts if actual revenues exceed budgeted figures, with quarterly installment structure.

Contract Details

Contract Amount

6% of total budgeted Board operating revenues for fiscal year commencing July 1, 2025, as in effect at start of fiscal 2026; if actual revenues are higher, then 6% of actual operating revenues

Vendor

BOARD OF WATER & LIGHT

Agency

City of Lansing city, MI

Contract Type

FINANCIAL_SERVICES

Document Date

June 20, 2026

Contract Term

July 1, 2025 – June 30, 2026

Renewal Date

2026-06-30

Renewal Info

Term automatically expires June 30, 2026 unless further amended; quarterly payment details included in amendment; aligns with ongoing annual reviews and renewals.