Clean Water Loan Supports Traverse City Infrastructure
City of TraverseCity · MI- Disclosed value
- Maximum eligible amount $82,725,000; principal forgiveness $408,750; stated loan amount to be repaid $2,316,250
- From agendapacket
- Document date
- Nov 7, 2026
- Renews
- Free account
The 30-second brief
Traverse City is using Michigan Finance Authority Clean Water State Revolving Fund financing for sewer relocation and river wall stabilization projects. Payments are scheduled from April 2024 through April 2043.
Michigan Finance Authority holds this financial services contract with City of Traverse. Its other public contracts on record include work for Farwell village and City of Springfield.
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Contract details
- Contract type
- Financial Services
- Amount
- Maximum eligible amount $82,725,000; principal forgiveness $408,750; stated loan amount to be repaid $2,316,250
- Document date
- November 7, 2026
- Term
- Payments begin April 2024 and extend through April 2043
- Renews
- On record
- Agency
- City of Traverse
- Source document
- City of Traverse City AgendaPacket General Fund Fund Balance Policy Ad Hoc Committee Meeting 2026-11-10 (AgendaPacket)
Michigan Finance Authority's other public contracts
More City of Traverse contracts
Questions about this contract
Who was awarded the financial services contract by City of Traverse?
Michigan Finance Authority was awarded this financial services contract by City of Traverse, as recorded on November 7, 2026. The contract value is Maximum eligible amount $82,725,000; principal forgiveness $408,750; stated loan amount to be repaid $2,316,250.
How much is the Michigan Finance Authority contract with City of Traverse worth?
The Michigan Finance Authority contract with City of Traverse is valued at Maximum eligible amount $82,725,000; principal forgiveness $408,750; stated loan amount to be repaid $2,316,250, 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 Traverse City AgendaPacket General Fund Fund Balance Policy Ad Hoc Committee Meeting 2026-11-10 (AgendaPacket), dated November 7, 2026 from City of Traverse. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Michigan Finance Authority hold?
Michigan Finance Authority 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 Traverse currently buying?
Explore City of Traverse's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.