FINANCIAL_SERVICESAPPROVED

City of Muskegon Awards Financial Services Contract to Capital One Public Funding Llc (August 2026)

The Muskegon City Commission approved a 20-year Tax-Exempt Lease Purchase financing agreement with Capital One Public Funding, LLC for $44,627,883.24 at 4.73% interest to fund an Energy Performance Contract. Semiannual payments will begin October 1, 2027 and be shared among various City funds tied to the project’s scope.

Document date · August 25, 2026

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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
$44,627,883.24 at 4.73% interest
Contract type
FINANCIAL_SERVICES
Contract term
20 years, first payment October 1, 2027; semiannual payments in April and October over term
Renewal date
2047-10-01
Renewal
Standard 20-year TELP financing with no stated renewal options; amortization structured around projected EPC savings.
Document type
AgendaPacket
Source document
City of Muskegon Agenda Packet 2026-08-25

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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 Muskegon?

Capital One Public Funding Llc was awarded this financial services contract by City of Muskegon, as recorded on August 25, 2026. The contract value is $44,627,883.24 at 4.73% interest.

How much is the Capital One Public Funding Llc contract with City of Muskegon worth?

The Capital One Public Funding Llc contract with City of Muskegon is valued at $44,627,883.24 at 4.73% interest, 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 Muskegon Agenda Packet 2026-08-25 (AgendaPacket), dated August 25, 2026 from City of Muskegon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Capital One Public Funding Llc hold?

Capital One Public Funding Llc 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 Capital One Public Funding Llc's profile

What is City of Muskegon currently buying?

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

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