City of Sault Ste. Marie Awards Financial Services Contract to State Revolving Funds (June 2024)

The City commenced a $35 million Wastewater Treatment Plant & CSO SRF-Sanitary Sewer Project, half funded by SRF grant and half by 30-year, 2% bonds.

Document date · June 30, 2024

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Scope & details

The full contract record, as filed.

Contract amount

$35,000,000 project budget (half grant, half bonded at 2.0%)

Contract type

FINANCIAL_SERVICES

Contract term

30 years (bond portion)

Renewal date

2056-09-30

Renewal

Bonded and grant mix with 30-year amortization and project-based milestones; remaining payout by 2026 completion.

Document type

Report

Source document

city-of-sault-ste-mariereport-2024-06-30_d19.pdf

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Virginia Resources Authority Staff Report FY2027 State Revolving Funds Bond Shelf Resolution 2026-09-15

APPROVED

Board of Directors of the Virginia Resources Authority, Virginiaup to $300,000,000Sep 14, 2026

Virginia Resources Authority Agenda Portfolio Risk Management Committee Meeting 2026-09-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sault Ste. Marie?

State Revolving Funds was awarded this financial services contract by City of Sault Ste. Marie, as recorded on June 30, 2024. The contract value is $35,000,000 project budget (half grant, half bonded at 2.0%).

How much is the State Revolving Funds contract with City of Sault Ste. Marie worth?

The State Revolving Funds contract with City of Sault Ste. Marie is valued at $35,000,000 project budget (half grant, half bonded at 2.0%), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a report record.

Where was this contract approved?

This contract appears in city-of-sault-ste-mariereport-2024-06-30_d19.pdf (Report), dated June 30, 2024 from City of Sault Ste. Marie. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does State Revolving Funds hold?

State Revolving Funds 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 City of Sault Ste. Marie currently buying?

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

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