Planned SAD Repayment Agreement with Diversified Members Credit Union

The City of Novi anticipates a recorded contract with Diversified Members Credit Union as part of Special Assessment District 186 to secure a 15-year repayment commitment for Main Street streetlighting and streetscape costs. This agreement will be executed following final SAD approval and tied to Parcel 22-23-176-033.

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

Intended as a 15-year recorded agreement formalizing SAD 186 obligations for Parcel 22-23-176-033; no ongoing renewal provisions are mentioned.

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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City of Novi, MichiganJul 13, 2026

Clawson Public Schools Minutes Special Meeting 2026-06-01

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Clawson City School District, MichiganJun 1, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Novi?

Diversified Members Credit Union 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 Diversified Members Credit Union hold?

Diversified Members Credit Union 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 Diversified Members Credit Union's profile

What is City of Novi currently buying?

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