FINANCIAL_SERVICESONGOING

DDA Utilizes Michigan CLASS for Investment of Funds

The Manistee Downtown Development Authority continues to utilize the Michigan CLASS investment pool for its General Fund, earning a 3.7479% average yield in April 2026 on a balance of $709,889.83. This arrangement supports secure investment of public funds and interest income generation.

Status
ONGOING
Document date
May 13, 2026
Contract type
FINANCIAL_SERVICES
Vendor
MICLASS
Agency
City of Manistee · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Pooled investment account with ongoing participation; no fixed end date or renewal cycle specified.
Document type
AgendaPacket
Source document
Manistee Downtown Development Authority AgendaPacket 2026-05-13

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Frequently asked questions

Common questions about this contract, answered from the record.

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

MICLASS was awarded this financial services contract by City of Manistee, as recorded on May 13, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Manistee Downtown Development Authority AgendaPacket 2026-05-13 (AgendaPacket), dated May 13, 2026 from City of Manistee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does MICLASS hold?

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