Civic IQ
FINANCIAL_SERVICESAPPROVED

City of Eaton Rapids AgendaPacket City Council Meeting 2026-05-27

City Makes LDFA 2016 Bond Payment to Independent Bank

$182,025.00Town of Eaton RapidsINDEPENDENT BANKMay 27, 2026

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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

Description

Eaton Rapids authorized a $182,025.00 payment to INDEPENDENT BANK for principal and interest on the LDFA Tax Increment Bond Series 2016. This disbursement services existing municipal debt.

Contract Details

Contract Amount

$182,025.00

Vendor

INDEPENDENT BANK

Agency

Town of Eaton Rapids, MI

Contract Type

FINANCIAL_SERVICES

Document Date

May 27, 2026

Renewal Info

Ongoing bond repayment per Series 2016 schedule; not a renewable contract but part of long-term debt service.

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