FINANCIAL_SERVICESAPPROVED

Newberry village Awards Financial Services Contract to Michigan Finance Authority (July 2026)

The Village of Newberry approved Ordinance No. 61 authorizing the negotiated sale of up to $4,200,000 in Sanitary Sewer System Junior Lien Revenue Bonds, Series 2026, to the Michigan Finance Authority at an interest rate not exceeding 2.00%. Proceeds will finance additions and improvements to the wastewater treatment system.

Status
APPROVED
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Michigan Finance Authority
Agency
Newberry village · MI

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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 $4,200,000
Contract type
FINANCIAL_SERVICES
Contract term
Bonds maturing beginning April 1, 2027, payable semiannually thereafter
Renewal
Junior lien revenue bonds will be issued in Series 2026 with semiannual payments starting April 1, 2027, remaining outstanding until final maturity per the bond amortization schedule.
Document type
AgendaPacket
Source document
Village of Newberry Council Agenda Packet 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Newberry village?

Michigan Finance Authority was awarded this financial services contract by Newberry village, as recorded on July 21, 2026. The contract value is Not to exceed $4,200,000.

How much is the Michigan Finance Authority contract with Newberry village worth?

The Michigan Finance Authority contract with Newberry village is valued at Not to exceed $4,200,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Village of Newberry Council Agenda Packet 2026-07-21 (AgendaPacket), dated July 21, 2026 from Newberry village. 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 Newberry village currently buying?

Explore Newberry village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Newberry village's profile

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