City of Springfield Agenda Packet 2026-06-15
Escrow Agent Services Pending with Argent Trust
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Description
The City of Springfield will enter into a pending agreement with Argent Institutional Trust Company to serve as escrow agent for the Veregy project equipment lease/purchase financing.
Contract Details
Vendor
ARGENT INSTITUTIONAL TRUST COMPANY
Agency
City of Springfield, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
Contract Term
June 2026; term not specified, for project escrow account duration
Renewal Info
Agreement effective upon project funding; tied to duration of equipment project escrow account, typically closed when project payments finalized.
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