FINANCIAL_SERVICESAPPROVED

City of Adrian Awards Financial Services Contract to Michigan Finance Authority (July 2026)

Adrian City Commission adopted Ordinance 26-004 authorizing up to $7.3 million in Wastewater System Junior Lien Revenue Bonds to be sold to the Michigan Finance Authority. The loan, under the Clean Water State Revolving Fund, will finance major wastewater system improvements over a term ending in 2048 at interest not exceeding 2%.

Status
APPROVED
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Michigan Finance Authority
Agency
City of Adrian · MI

Trusted by teams at

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
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 amount
Not to exceed $7,300,000
Contract type
FINANCIAL_SERVICES
Contract term
Principal installments from October 1, 2029 through October 1, 2048 at up to 2.00% interest, with first interest payment April 1, 2027
Renewal date
2048-10-01
Renewal
New junior lien revenue bond financing; amortization schedule runs through October 1, 2048 with semiannual interest payments beginning April 1, 2027.
Document type
Minutes
Source document
Adrian City Commission Minutes 2026-07-20

Related contracts

Other contracts from Michigan Finance Authority.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Adrian?

Michigan Finance Authority was awarded this financial services contract by City of Adrian, as recorded on July 20, 2026. The contract value is Not to exceed $7,300,000.

How much is the Michigan Finance Authority contract with City of Adrian worth?

The Michigan Finance Authority contract with City of Adrian is valued at Not to exceed $7,300,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Adrian City Commission Minutes 2026-07-20 (Minutes), dated July 20, 2026 from City of Adrian. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Michigan Finance Authority hold?

Michigan Finance Authority 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 Michigan Finance Authority's profile

What is City of Adrian currently buying?

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

View City of Adrian's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free