Mackinaw City Village Council Regular Meeting Agenda Oct 2025
Village Weighs Acceptance of $10.5M CWSRF Sewer Project
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Description
Mackinaw City has been offered a Clean Water State Revolving Fund package consisting of a $9.435 million, 2%‑interest loan and $1.155 million in principal forgiveness toward a $10.5 million sewer and wastewater treatment upgrade project. The Council is being asked to commit to the project and accept the CWSRF loan and grant to address aging force mains, lift stations, and WWTP components.
Contract Details
Contract Amount
$9.435 million loan at 2% interest; $1.155 million principal forgiveness (grant)
Vendor
CLEAN WATER STATE REVOLVING FUND
Agency
City of Mackinaw, MI
Contract Type
FINANCIAL_SERVICES
Document Date
October 2, 2025
Contract Term
30-year loan term (anticipated)
Renewal Info
The anticipated CWSRF financing would be structured as a single 30‑year loan with embedded principal forgiveness; no routine renewal is expected, though future phases could seek additional SRF funding.
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