City of Detroit Planning and Economic Development Standing Committee Agenda 2026-06-18
Additional Funds Approved for EDC Operating Agreement
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Description
City Council is requested to approve Amendment 3 to Contract No. 6006432 with the Economic Development Corporation, adding $150,000 to the annual operating agreement for FY 2025–2026. The amendment adjusts the total contract value to $4,056,000.
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
Third amendment increases funding for the July 1, 2025–June 30, 2026 operating term; no change to term dates.
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