Novi Plans SAD Contract with Luna Properties Novi LLC

As part of Special Assessment District 186, Novi intends to sign a recorded contract with Luna Properties Novi, LLC covering multiple Main Street parcels, documenting a 15-year repayment obligation for streetlighting and streetscape upgrades. The agreement will formalize the owner’s acceptance of the SAD terms once the district is finally approved.

Scope & details

The full contract record, as filed.

Contract type

OTHER

Contract term

15 years repayment period for Special Assessment District with anticipated 4% interest (planned)

Renewal date

2041-08-10

Renewal

Anticipated single-term agreement tied to the 15-year SAD repayment for Parcels 22-23-176-011, 012, and 013; no renewal terms are specified.

Document type

Resolution

Source document

City of Novi Resolution Approval of Resolution Declaring Necessity and Tentative Intent to Proceed with Project and Setting Public Hearing for Main Street Area Streetlighting and Streetscape 2026-07-27

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PENDING

City of Novi, MichiganJul 13, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Novi?

Luna Properties Novi Llc was awarded this government contract by City of Novi, as recorded on July 27, 2026.

What type of contract is this?

This is a government contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City of Novi Resolution Approval of Resolution Declaring Necessity and Tentative Intent to Proceed with Project and Setting Public Hearing for Main Street Area Streetlighting and Streetscape 2026-07-27 (Resolution), dated July 27, 2026 from City of Novi. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Luna Properties Novi Llc hold?

Luna Properties Novi Llc 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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