FINANCIAL_SERVICESAPPROVED

City of Owosso Awards Financial Services Contract to Michigan Finance Authority (July 2026)

The City of Owosso approved Ordinance No. 851 authorizing up to $12,000,000 in Water Supply System Junior Lien Revenue Bonds, Series 2026, to be sold to the Michigan Finance Authority under the DWRF program for water system improvements. The bonds will carry an interest rate not exceeding 2.50% and a term of up to 40 years.

Status
APPROVED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Michigan Finance Authority
Agency
City of Owosso · MI

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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 $12,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Up to 40 years from 2026 issuance
Renewal
New Series 2026 junior lien revenue bond issued on parity with prior DWRF series; no renewal, but statutory lien continues until full repayment or defeasance.
Document type
Minutes
Source document
City of Owosso Minutes Regular Meeting of the City Council 2026-07-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Owosso?

Michigan Finance Authority was awarded this financial services contract by City of Owosso, as recorded on July 6, 2026. The contract value is Not to exceed $12,000,000.

How much is the Michigan Finance Authority contract with City of Owosso worth?

The Michigan Finance Authority contract with City of Owosso is valued at Not to exceed $12,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Owosso Minutes Regular Meeting of the City Council 2026-07-06 (Minutes), dated July 6, 2026 from City of Owosso. 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 City of Owosso currently buying?

Explore City of Owosso's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Owosso's profile

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