FINANCIAL_SERVICESONGOING

City Continues Paying Agent for Pension Bond Debt Service

The City of Bloomfield Hills continues its engagement with a paying agent to administer the 2014 Pension Obligation Bonds, budgeting $1,000 in FY2027 fees within a total annual debt service of about $1.12 million. The bonds are scheduled to mature in 2034, with all payments funded via transfers from the General Fund.

Document date · May 12, 2026

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Veritone logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
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
Comcate logo
SafeTouch logo
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Scope & details

The full contract record, as filed.

Contract amount
$1,000 per year (included in $1,127,550 FY2027 debt service)
Contract type
FINANCIAL_SERVICES
Contract term
Through bond maturity in FY2034 (8 remaining annual payments as of FY2027)
Renewal date
2034-06-30
Renewal
Paying agent services continue annually for the duration of the 2014 Pension Obligation Bond schedule, with eight annual payments remaining after FY2026 until maturity in FY2034.
Document type
Budget
Source document
City of Bloomfield Hills Budget Fiscal Year 2027 2026-05-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bloomfield Hills?

Paying Agent was awarded this financial services contract by City of Bloomfield Hills, as recorded on May 12, 2026. The contract value is $1,000 per year (included in $1,127,550 FY2027 debt service).

How much is the Paying Agent contract with City of Bloomfield Hills worth?

The Paying Agent contract with City of Bloomfield Hills is valued at $1,000 per year (included in $1,127,550 FY2027 debt service), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a budget record.

Where was this contract approved?

This contract appears in City of Bloomfield Hills Budget Fiscal Year 2027 2026-05-12 (Budget), dated May 12, 2026 from City of Bloomfield Hills. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Paying Agent hold?

Paying Agent may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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