City Considers $16,000 Solar Project Loan Payment

The City of Macomb is considering an approximately $16,000 interest-only payment to MidAmerica Bank on the Wastewater Treatment Plant Solar Project loan. The $320,160 loan was obtained for a project delayed by the Ameren review process, with construction now potentially starting in 2027.

Document date · January 20, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Approximately $16,000.00 interest-only payment

Contract type

FINANCIAL_SERVICES

Contract term

Payment due in February 2026; another payment is expected in February 2027

Renewal date

2027-02-01

Renewal

Another loan payment is expected in February 2027; the loan’s full maturity date is not stated.

Document type

AgendaPacket

Source document

City of Macomb AgendaPacket 2026-01-20

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Macomb?

Midamerica Bank was awarded this financial services contract by City of Macomb, as recorded on January 20, 2026. The contract value is Approximately $16,000.00 interest-only payment.

How much is the Midamerica Bank contract with City of Macomb worth?

The Midamerica Bank contract with City of Macomb is valued at Approximately $16,000.00 interest-only payment, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Macomb AgendaPacket 2026-01-20 (AgendaPacket), dated January 20, 2026 from City of Macomb. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Midamerica Bank hold?

Midamerica Bank 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 Midamerica Bank's profile

What is City of Macomb currently buying?

Explore City of Macomb's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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