FINANCIAL_SERVICESAPPROVED

City of Novi Awards Financial Services Contract to Robinson Capital (April 2026)

The City of Novi approved awarding a three-year contract to Robinson Capital to provide portfolio management services for roughly $100 million in operating and capital funds, with an estimated annual cost of $40,000. The agreement, effective July 1, 2026, includes an optional two-year extension and a tiered fee schedule based on assets under management.

Status
APPROVED
Document date
April 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Robinson Capital
Agency
City of Novi · MI

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$40,000 estimated annual amount (fee schedule: 0.08% on first $50,000,000 and 0.06% above $50,000,000)
Contract type
FINANCIAL_SERVICES
Contract term
Three years beginning July 1, 2026, with an optional two-year extension; Agreement effective upon signing and continuing until June 30, 2029
Renewal date
2029-06-30
Renewal
Initial three-year term from July 1, 2026, through June 30, 2029, with an optional two-year extension by mutual amendment. Agreement may be terminated by either party with 30 days’ prior written notice.
Document type
Agreement
Source document
City of Novi Robinson Capital Management Agreement April 2026

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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 Novi?

Robinson Capital was awarded this financial services contract by City of Novi, as recorded on April 20, 2026. The contract value is $40,000 estimated annual amount (fee schedule: 0.08% on first $50,000,000 and 0.06% above $50,000,000).

How much is the Robinson Capital contract with City of Novi worth?

The Robinson Capital contract with City of Novi is valued at $40,000 estimated annual amount (fee schedule: 0.08% on first $50,000,000 and 0.06% above $50,000,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Novi Robinson Capital Management Agreement April 2026 (Agreement), dated April 20, 2026 from City of Novi. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Robinson Capital hold?

Robinson Capital 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 Robinson Capital's profile

What is City of Novi currently buying?

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

View City of Novi's profile

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