FINANCIAL_SERVICESAPPROVED

City of Marquette Awards $4,680,000 Financial Services Contract to INCREDIBLEBANK (August 2026)

The City of Marquette is asked to approve a Municipal Certificate consenting to 100 South Lakeshore Blvd, LLC’s collateral assignment of brownfield reimbursement revenues to IncredibleBank as security for a $4,680,000 loan for the Trestle/Vault Parking Facility. The action formalizes the bank’s rights to developer payments under the Amended Reimbursement Agreement while preserving Marquette Vault LLC’s separate interests.

Status
APPROVED
Document date
August 10, 2026
Contract type
FINANCIAL_SERVICES
Vendor
INCREDIBLEBANK
Agency
City of Marquette · MI

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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
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

Scope & details

The full contract record, as filed.

Contract amount
$4,680,000.00
Contract type
FINANCIAL_SERVICES
Contract term
Promissory Note and related collateral assignment dated 2026 (exact dates not specified)
Renewal
The collateral assignment remains in effect until the related mortgage (Security Instrument) is released of record, at which time the assignment automatically terminates. Any amendments to the assignment require written consent from MBRA and the City.
Document type
AgendaPacket
Source document
City of Marquette AgendaPacket 2026-08-10

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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 Marquette?

INCREDIBLEBANK was awarded this financial services contract by City of Marquette, as recorded on August 10, 2026. The contract value is $4,680,000.00.

How much is the INCREDIBLEBANK contract with City of Marquette worth?

The INCREDIBLEBANK contract with City of Marquette is valued at $4,680,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Marquette AgendaPacket 2026-08-10 (AgendaPacket), dated August 10, 2026 from City of Marquette. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does INCREDIBLEBANK hold?

INCREDIBLEBANK 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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What is City of Marquette currently buying?

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

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