County proposes $28M jail and building bonds

The County of Houghton is proposing to borrow up to $28,000,000 through general obligation unlimited tax bonds to fund construction of new county jail facilities and renovation of existing county buildings. The bonds would be repaid over no more than 30 years, supported by an estimated millage beginning in 2027.

Document date · August 19, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $28,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Not to exceed 30 years from date of issuance of each bond series, starting with first levy year 2027

Renewal date

2057-12-31

Renewal

This is a one-time bond issuance with a maximum 30-year repayment period rather than a renewable contract; future refunding or additional series could be issued but are not specified in this proposal.

Document type

Proposal

Source document

County of Houghton Bond Proposal 2026-08-19

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Houghton County?

County of Houghton was awarded this financial services contract by Houghton County, as recorded on August 19, 2026. The contract value is Not to exceed $28,000,000.

How much is the County of Houghton contract with Houghton County worth?

The County of Houghton contract with Houghton County is valued at Not to exceed $28,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a proposal record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in County of Houghton Bond Proposal 2026-08-19 (Proposal), dated August 19, 2026 from Houghton County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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