FINANCIAL_SERVICESAWARDED

Michigan Department of Treasury Awards Financial Services Contract to Baraga County Road Commission (December 2024)

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.

Status
AWARDED
Document date
December 17, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Baraga County Road Commission
Agency
Michigan Department of Treasury · MI

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract amount
$2,000,000, 3.25% interest for 10 years
Contract type
FINANCIAL_SERVICES
Contract term
Date of award through December 31, 2034
Renewal date
2034-12-31
Renewal
10-year repayable loan term.
Document type
Agenda
Source document
state_administrative_board_agenda_december_17_2024.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Michigan Department of Treasury?

Baraga County Road Commission was awarded this financial services contract by Michigan Department of Treasury, as recorded on December 17, 2024. The contract value is $2,000,000, 3.25% interest for 10 years.

How much is the Baraga County Road Commission contract with Michigan Department of Treasury worth?

The Baraga County Road Commission contract with Michigan Department of Treasury is valued at $2,000,000, 3.25% interest for 10 years, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in state_administrative_board_agenda_december_17_2024.pdf (Agenda), dated December 17, 2024 from Michigan Department of Treasury. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Baraga County Road Commission hold?

Baraga County Road Commission 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 Baraga County Road Commission's profile

What is Michigan Department of Treasury currently buying?

Explore Michigan Department of Treasury's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Michigan Department of Treasury's profile

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