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Town of Reed Awards $6,000,000 Bond Contract to Michigan Finance (August 2024)

Town of Reed
Disclosed value
$6,000,000
From meeting minutes
Approved
Aug 12, 2024

The 30-second brief

What it covers

City of Reed City approves $6 Million bond with Michigan Finance Authority for water system improvements. The project qualifies for the Drinking Water State Revolving Fund financing program being administered by EGLE and the Authority, whereby bonds of the City are sold to the Authority and bear interest at a fixed rate of not to exceed two percent (2.00%) per annum.

Who holds it

Michigan Finance holds this bond contract with Town of Reed. Its other public contracts on record include work for Town of Leoni and City of Flint.

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Contract details

Contract type
Bond
Amount
$6,000,000
Document date
August 12, 2024
Term
NA
Vendor
Michigan Finance
Agency
Town of Reed
Source document
town-of-reed-meeting-minutes-2024-08-12_8ce.pdf (Meeting Minutes)

Michigan Finance's other public contracts

Town of Leoni, MichiganMichigan Finance Authority $2.24M SRF semi-annual payment · Sep 9, 2025$2.2MCity of Flint, MichiganFlint to issue $46.98M in sewage disposal bonds · May 7, 2025$47MCity of Hudson, MichiganMichigan Finance Authority Approved for Project Funding · Aug 15, 2023$267KCity of Mount Pleasant, MichiganMt. Pleasant approves $18M WRRF upgrades via bonds · Jul 10, 2023$18MTown of Hampton charter, MichiganHampton Township Approves $2M Water System Bond · Aug 22, 2022$2MAll Michigan Finance contractsVendor profile

More Town of Reed contracts

MIDEALNew WWTP Truck Purchase to be discussed · Aug 11, 2025UndisclosedTeamsters 214Council to review Teamsters 214 contract addition · Jun 18, 2025UndisclosedTeamsters 214Teamsters 214 Contract till 2028 · Jun 9, 2025UndisclosedWRIWWTP Phase 1 WRI Change Order · Jun 9, 2025UndisclosedFleis & VandenbrinkFleis & VandenBrink get $185,000 PSA Amendment · May 29, 2025$185KAll Town of Reed activityAgency profile

Questions about this contract

Who was awarded the bond contract by Town of Reed?

Michigan Finance was awarded this bond contract by Town of Reed, as recorded on August 12, 2024. The contract value is $6,000,000.

How much is the Michigan Finance contract with Town of Reed worth?

The Michigan Finance contract with Town of Reed is valued at $6,000,000, covering bond work.

What type of contract is this?

This is a Bond contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-reed-meeting-minutes-2024-08-12_8ce.pdf (Meeting Minutes), dated August 12, 2024 from Town of Reed. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Michigan Finance hold?

Michigan Finance 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 Town of Reed currently buying?

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

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