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Potterville to Issue $6.5M Water System Bonds

City of Potterville logoCity of Potterville
Disclosed value
$6,500,000
From agenda
Document date
Sep 18, 2025
Term
40 years

The 30-second brief

What it covers

The City of Potterville is set to issue Water System Revenue Bonds, Series 2025, for a total of $6,500,000, facilitated through Independent Bank in Potterville. These bonds will help finance the acquisition, construction, and improvements to the city's water system, with a repayment plan structured over 40 years and an interest rate of 3.375%.

Who holds it

Independent Bank holds this bond contract with City of Potterville. Its other public contracts on record include work for City of Belding and BEAR CREEK SUD.

What happens next

Term as filed: 40 years.

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Contract details

Contract type
Bond
Amount
$6,500,000
Document date
September 18, 2025
Term
40 years
Vendor
Independent Bank
Agency
City of Potterville
Source document
city-of-potterville-council-agenda-september-18-2025_3f4.pdf (Agenda)

Independent Bank's other public contracts

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Questions about this contract

Who was awarded the bond contract by City of Potterville?

Independent Bank was awarded this bond contract by City of Potterville, as recorded on September 18, 2025. The contract value is $6,500,000.

How much is the Independent Bank contract with City of Potterville worth?

The Independent Bank contract with City of Potterville is valued at $6,500,000, covering bond work.

What type of contract is this?

This is a Bond contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city-of-potterville-council-agenda-september-18-2025_3f4.pdf (Agenda), dated September 18, 2025 from City of Potterville. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Independent Bank hold?

Independent Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Potterville currently buying?

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

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