OTHERPENDING

Novi to execute SAD contract with Diversified Members CU

Novi intends to contract with Diversified Members Credit Union as part of a Special Assessment District to fund Main Street streetlighting and streetscape work. The agreement will formalize repayment of the City’s roughly $700,000 advance over 15 years with anticipated 4% interest.

Status
PENDING
Document date
July 13, 2026
Contract type
OTHER
Vendor
Diversified Members Credit Union
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
Future contract will set out a 15‑year repayment obligation under the Special Assessment District; no renewal terms are yet specified.
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?

Diversified Members Credit Union 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 Diversified Members Credit Union hold?

Diversified Members Credit Union 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 Diversified Members Credit Union'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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