FINANCIAL_SERVICESAPPROVED

Newberry village Awards Financial Services Contract to Michigan Finance Authority (July 2026)

The Village of Newberry approved Ordinance No. 70 authorizing issuance and sale of up to $4.2 million in Sanitary Sewer System Junior Lien Revenue Bonds, Series 2026, to the Michigan Finance Authority. The Clean Water State Revolving Fund financing will support wastewater treatment plant improvements, repaid from net sewer system revenues over up to 30 years at an interest rate not exceeding 2 percent.

Status
APPROVED
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Michigan Finance Authority
Agency
Newberry village · MI

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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
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
Not to exceed $4,200,000
Contract type
FINANCIAL_SERVICES
Contract term
Up to 30 annual installments; expected useful life 32 years; interest not to exceed 2.00% per annum
Renewal
This is a new debt issuance under the Clean Water State Revolving Fund with a junior lien on net sewer revenues; ordinance allows maturities up to 30 years and additional equal or prior lien bonds subject to conditions in prior ordinances. No automatic renewal; debt is amortized to maturity or upon optional redemption with Authority consent.
Document type
AgendaPacket
Source document
Village of Newberry Council Regular Session Agenda Packet 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Newberry village?

Michigan Finance Authority was awarded this financial services contract by Newberry village, as recorded on July 21, 2026. The contract value is Not to exceed $4,200,000.

How much is the Michigan Finance Authority contract with Newberry village worth?

The Michigan Finance Authority contract with Newberry village is valued at Not to exceed $4,200,000, 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 Village of Newberry Council Regular Session Agenda Packet 2026-07-21 (AgendaPacket), dated July 21, 2026 from Newberry village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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.

View Michigan Finance Authority's profile

What is Newberry village currently buying?

Explore Newberry village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Newberry village's profile

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