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Sault Ste. Marie to Issue $46M Revenue Bonds

City of Sault Ste. Marie logoCity of Sault Ste. Marie
Disclosed value
$46,000,000
From resolution
Document date
Jan 20, 2025
Term
40 years

The 30-second brief

What it covers

City of Sault Ste. Marie plans to issue up to $46 million in revenue bonds to finance improvements to its water supply and sewage disposal system, including wastewater treatment plant upgrades and water main replacements. The bonds will be repaid from system revenues and, if sold to the Michigan Finance Authority, may be backed by the city's limited tax full faith and credit.

Who holds it

Michigan Finance Authority holds this revenue bonds contract with City of Sault Ste. Marie. Its other public contracts on record include work for Farwell village and City of Springfield.

What happens next

Term as filed: 40 years.

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Contract details

Contract type
Revenue Bonds
Amount
$46,000,000
Document date
January 20, 2025
Term
40 years
Vendor
Michigan Finance Authority
Agency
City of Sault Ste. Marie
Source document
city-of-sault-ste-marie-resolution-2025-01-20_714.pdf (Resolution)

Michigan Finance Authority's other public contracts

Farwell village, MichiganFarwell Seeks Approval for Michigan Finance Payment · Oct 5, 2026$250City of Springfield, MichiganCity Processes Michigan Finance Authority Bond Payments · Oct 5, 2026$115.7KCity of Springfield, MichiganSpringfield Approves Michigan Finance Authority Payments · Oct 4, 2026$115.7KCity of Marine, MichiganMarine City Lists Michigan Finance Authority Payment · Oct 1, 2026$244.6KTown of Delhi charter, MichiganTownship Approves State Revolving Fund Payments · Sep 15, 2026$921.4KAll Michigan Finance Authority contractsVendor profile

More City of Sault Ste. Marie contracts

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Questions about this contract

Who was awarded the revenue bonds contract by City of Sault Ste. Marie?

Michigan Finance Authority was awarded this revenue bonds contract by City of Sault Ste. Marie, as recorded on January 20, 2025. The contract value is $46,000,000.

How much is the Michigan Finance Authority contract with City of Sault Ste. Marie worth?

The Michigan Finance Authority contract with City of Sault Ste. Marie is valued at $46,000,000, covering revenue bonds work.

What type of contract is this?

This is a Revenue Bonds contract, documented as a resolution record.

Where was this contract approved?

This contract appears in city-of-sault-ste-marie-resolution-2025-01-20_714.pdf (Resolution), dated January 20, 2025 from City of Sault Ste. Marie. 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 Sault Ste. Marie currently buying?

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

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