state_administrative_board_agenda_december_17_2024.pdf
Baraga County Road Commission Gets $2M SIB Loan
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Description
MDOT is providing a $2 million SIB loan at 3.25% interest for road and culvert repairs to Baraga County Road Commission, repayable over 10 years.
Contract Details
Contract Amount
$2,000,000, 3.25% interest for 10 years
Vendor
BARAGA COUNTY ROAD COMMISSION
Agency
Michigan Department of Treasury, MI
Contract Type
FINANCIAL_SERVICES
Document Date
December 17, 2024
Contract Term
Date of award through December 31, 2034
Renewal Date
2034-12-31
Renewal Info
10-year repayable loan term.
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