EDC Amends Bonds for Oakleaf Village Project

The Economic Development Corporation of Grand Traverse County authorized a Second Supplemental Trust Indenture amending the sinking fund schedule for the $44 million First Mortgage Revenue Bonds issued for the Oakleaf Village of Traverse City, LLC project. The action changes the bond amortization and stabilization provisions while maintaining the existing financing structure through 2065.

Scope & details

The full contract record, as filed.

Contract amount

$44,000,000 (bond principal; schedule of sinking fund payments through 2065)

Contract type

FINANCIAL_SERVICES

Contract term

From December 1, 2021 bond issuance through final sinking fund payment on 12/1/2065

Renewal date

2065-12-01

Renewal

Second Supplemental Trust Indenture Number Two modifies the sinking fund redemption schedule and the Stabilization definition for the Series 2021 bonds but does not extend the final maturity date of 12/1/2065.

Document type

AgendaPacket

Source document

Grand Traverse County Economic Development Corporation Agenda Packet 2026-08-13

Related contracts

Other contracts from Oakleaf Village of Traverse City Llc.

View all →

Economic Development Corporation Board Minutes January 2026

APPROVED

Northwest Regional Airport Authority, ArkansasJan 8, 2026

economic_development_corporation_board_meeting_age.pdf

AMENDED

Northwest Regional Airport Authority, ArkansasJan 8, 2026

town-of-garfield-meeting-minutes-2024-08-27_999.pdf

RECOMMENDED

Town of Garfield, MichiganAug 27, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Grand Traverse County?

Oakleaf Village of Traverse City Llc was awarded this financial services contract by Grand Traverse County, as recorded on August 8, 2026. The contract value is $44,000,000 (bond principal; schedule of sinking fund payments through 2065).

How much is the Oakleaf Village of Traverse City Llc contract with Grand Traverse County worth?

The Oakleaf Village of Traverse City Llc contract with Grand Traverse County is valued at $44,000,000 (bond principal; schedule of sinking fund payments through 2065), covering financial services work.

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 Grand Traverse County Economic Development Corporation Agenda Packet 2026-08-13 (AgendaPacket), dated August 8, 2026 from Grand Traverse County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Oakleaf Village of Traverse City Llc hold?

Oakleaf Village of Traverse City Llc 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 Oakleaf Village of Traverse City Llc's profile

What is Grand Traverse County currently buying?

Explore Grand Traverse County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Grand Traverse County's profile