City of Detroit Agenda Planning and Economic Development Standing Committee 2026-06-18
EDC Operating Agreement Funding Increased by Amendment
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Description
Amendment 3 to Contract 6006432 with the Economic Development Corporation adds $150,000 to the annual operating agreement for FY 2025–2026, bringing the total to $4,056,000. The added funds bolster EDC’s operations and programming.
Contract Details
Contract Amount
Contract Increase Amount: $150,000.00 – Total Contract Amount: $4,056,000.00
Vendor
ECONOMIC DEVELOPMENT CORPORATION
Agency
City of Detroit, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
Contract Term
July 1, 2025 through June 30, 2026
Renewal Date
2026-06-30
Renewal Info
Amendment 3 increases the contract value during the existing July 1, 2025–June 30, 2026 term to a new total of $4,056,000 without changing the end date.
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