City of Grand Rapids Fiscal Committee Agenda April 14, 2026
City makes multimillion payments to Michigan Finance Authority
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Description
The Comptroller’s Warrant Report shows two large EFT payments—$1.10 million and $1.17 million—to the Michigan Finance Authority, likely for debt service on existing financing arrangements. Specific bond issues are not identified in the agenda materials.
Contract Details
Contract Amount
$1,101,225.00 and $1,170,833.14
Vendor
MICHIGAN FINANCE AUTHORITY
Agency
City of Grand Rapids, MI
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
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