City of Ypsilanti Council Meeting Agenda March 2026
City Approves $11M WRRF Bond Contract with YCUA
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Description
City Council approved entering into a contract with Ypsilanti Community Utilities Authority to allow issuance of up to $11 million in bonds for wastewater treatment facility improvements, to be funded via the state revolving loan program.
Contract Details
Contract Amount
Not to exceed $11,000,000
Vendor
YPSILANTI COMMUNITY UTILITIES AUTHORITY
Agency
Ypsilanti Housing Commission, MI
Contract Type
CONSTRUCTION
Document Date
March 3, 2026
Contract Term
Up to 25 years (loans/bonds), principal due 2029–2048
Renewal Date
2048-04-01
Renewal Info
Bond may be reduced if bids are lower. Contract and bond term up to 25 years, principal payments scheduled 2029–2048.
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