City of Eaton Rapids City Council Agenda Packet 2026-06-22
Independent Bank Receives LDFA Bond Debt Service
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Description
The City made a $227,810.00 debt service payment to Independent Bank on the LDFA Tax Increment Bond Series 2016, covering both principal and interest. This payment supports ongoing industrial park financing obligations.
Contract Details
Contract Amount
$227,810.00
Vendor
INDEPENDENT BANK
Agency
Town of Eaton Rapids, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
Bond payment for LDFA Tax Increment Bond Series 2016
Renewal Info
Debt service continues according to the LDFA Tax Increment Bond Series 2016 amortization schedule.
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