OTHERPENDING

City to contract with Luna Properties for SAD repayment

Novi plans a repayment contract with Luna Properties Novi, LLC tied to a Special Assessment District for Main Street streetlighting and streetscape upgrades. The City will advance roughly $700,000 and recoup costs over 15 years with 4% interest through special assessments.

Status
PENDING
Document date
July 13, 2026
Contract type
OTHER
Vendor
Luna Properties Novi Llc
Agency
City of Novi · MI

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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
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 type
OTHER
Contract term
15 years (Special Assessment District financing period discussed)
Renewal
To be established in a future agreement documenting a 15‑year SAD repayment schedule for project costs and interest.
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 (Resolution No. 2) 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Novi?

Luna Properties Novi Llc was awarded this government contract by City of Novi, as recorded on July 13, 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 (Resolution No. 2) 2026-07-13 (Resolution), dated July 13, 2026 from City of Novi. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Luna Properties Novi Llc hold?

Luna Properties Novi Llc 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 Luna Properties Novi Llc'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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