City of Grand Rapids Commission Meeting Minutes April 14, 2026
Grand Rapids extends Debtbook software contract
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Description
The City of Grand Rapids extended its contract with Fifth Asset, Inc. for the Debtbook financial management platform from June 21, 2026 through June 20, 2029, with annual not-to-exceed costs rising from $25,000 to $26,530. The software supports reporting of debt, leases, and technology agreements.
Contract Details
Contract Amount
Year 1 $25,000; Year 2 $25,750; Year 3 $26,530
Vendor
FIFTH ASSET INC
Agency
City of Grand Rapids, MI
Contract Type
TECHNOLOGY
Document Date
April 14, 2026
Contract Term
Three-year extension; 06/21/2026 – 06/20/2029
Renewal Date
2029-06-20
Renewal Info
Three-year extension of existing Debtbook subscription from 06/21/2026 through 06/20/2029 with specified escalating annual not-to-exceed amounts; no further renewal terms noted.
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