Lathrup Village Considers 40-Year PILOT for Surnow Development
City of Lathrup VillageCity · Lathrup Village, MI- Disclosed value
- PILOT payment calculated at 4.5% of applicable rental revenue; minimum annual payment of $120,000; estimated annual payment of approximately $148,770
- From proposal
- Document date
- Oct 19, 2026
The 30-second brief
Lathrup Village is considering a long-term PILOT arrangement with Surnow Company for the Annie Lathrup School redevelopment. The proposed structure would run for 40 years, include a minimum annual payment of $120,000, and require an ordinance amendment to align with the Michigan State Housing Development Authority’s financing requirements.
Surnow Company holds this contract with City of Lathrup Village.
Term as filed: Anticipated 40-year PILOT term, renewable or extendable by right subject to ordinance amendment and required approvals.
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Contract details
- Amount
- PILOT payment calculated at 4.5% of applicable rental revenue; minimum annual payment of $120,000; estimated annual payment of approximately $148,770
- Document date
- October 19, 2026
- Term
- Anticipated 40-year PILOT term, renewable or extendable by right subject to ordinance amendment and required approvals
- Vendor
- Surnow Company
- Agency
- City of Lathrup Village
- Source document
- City of Lathrup Village Proposal City Triangle Lot Development Proposal 2026-10-19 (Proposal)
Surnow Company's other public contracts
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Questions about this contract
Who was awarded the government contract by City of Lathrup Village?
Surnow Company was awarded this government contract by City of Lathrup Village, as recorded on October 19, 2026. The contract value is PILOT payment calculated at 4.5% of applicable rental revenue; minimum annual payment of $120,000; estimated annual payment of approximately $148,770.
How much is the Surnow Company contract with City of Lathrup Village worth?
The Surnow Company contract with City of Lathrup Village is valued at PILOT payment calculated at 4.5% of applicable rental revenue; minimum annual payment of $120,000; estimated annual payment of approximately $148,770.
What type of contract is this?
This is a government contract, documented as a proposal record.
Where was this contract approved?
This contract appears in City of Lathrup Village Proposal City Triangle Lot Development Proposal 2026-10-19 (Proposal), dated October 19, 2026 from City of Lathrup Village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Surnow Company hold?
Surnow Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Lathrup Village currently buying?
Explore City of Lathrup Village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.