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DEGA Continues Debt Service on Mavcon Agreement

City of Kalamazoo logoCity of Kalamazoo
Disclosed value
$483,000 (original agreement amount); $45,806 March 2026 principal payment; $6,568 March 2026 interest payment
From agendapacket
Document date
May 11, 2026
Renews
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Renewal date on recordLocked

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THE 30-SECOND BRIEF

What it covers

The Downtown Economic Growth Authority continues to service a $483,000 financing agreement with Mavcon, with March 2026 payments of $45,806 in principal and $6,568 in interest. The remaining balance stood at $392,066 as of the March financial report.

Who holds it

MAVCON holds this financial services contract with City of Kalamazoo.

What happens next

The renewal date is on record. A free account shows it, with the renewals for every City of Kalamazoo contract.

Contract details

Contract type
Financial Services
Amount
$483,000 (original agreement amount); $45,806 March 2026 principal payment; $6,568 March 2026 interest payment
Document date
May 11, 2026
Renews
Free account
Vendor
MAVCON
Agency
City of Kalamazoo
Source document
City of Kalamazoo Downtown Economic Growth Authority Agenda Packet May 2026 (AgendaPacket)

MAVCON's other public contracts

City of Kalamazoo, MichiganDEGA Reports $392,066 Balance on Mavcon Agreement · Sep 21, 2026$483KCity of Kalamazoo, MichiganLong-Term Mavcon Construction Agreement Reflected in Debt · Aug 17, 2026City of Kalamazoo, MichiganOngoing Debt Service on Mavcon Construction Agreement · Jul 13, 2026City of Kalamazoo, MichiganDEGA Continues Repayment on Mavcon Construction Debt · Jun 15, 2026$483KCity of Kalamazoo, MichiganDebt Service Payments Made to Mavcon · May 11, 2026All MAVCON contractsVendor profile

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Questions about this contract

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

MAVCON was awarded this financial services contract by City of Kalamazoo, as recorded on May 11, 2026. The contract value is $483,000 (original agreement amount); $45,806 March 2026 principal payment; $6,568 March 2026 interest payment.

How much is the MAVCON contract with City of Kalamazoo worth?

The MAVCON contract with City of Kalamazoo is valued at $483,000 (original agreement amount); $45,806 March 2026 principal payment; $6,568 March 2026 interest 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 Kalamazoo Downtown Economic Growth Authority Agenda Packet May 2026 (AgendaPacket), dated May 11, 2026 from City of Kalamazoo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does MAVCON hold?

MAVCON 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 Kalamazoo currently buying?

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

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