CONTRACTAPPROVED

City of Sault Ste. Marie Awards Facilities Contract to Local Development Finance Authority (July 2026)

Disclosed value: $250/month rent from EDC; $8,000 annual payment to EDC; From agenda
Approved: Jul 6, 2026
Term: Month-to-month

What it covers

Sault Ste. Marie will approve a SmartZone Lease and Operating Agreement with the Local Development Finance Authority and Economic Development Corporation. The LDFA will manage the City-owned facility, pay the EDC $8,000 annually for oversight, and collect $250 per month in rent from the EDC on a month-to-month basis.

Who holds it

Local Development Finance Authority holds this facilities contract with City of Sault Ste. Marie. Its other public contracts on record include work for City of East Lansing.

What happens next

Term as filed: Month-to-month.

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Contract details

Contract type: Facilities
Amount: $250/month rent from EDC; $8,000 annual payment to EDC
Document date: July 6, 2026
Term: Month-to-month
Vendor: Local Development Finance Authority
Agency: City of Sault Ste. Marie
Source document: Sault Ste Marie Housing Commission Agenda 2026-07-06 (Agenda)

Local Development Finance Authority's other public contracts

City of East Lansing, MichiganParking Cost Offset Pact With LDFA Approved · Aug 11, 2026Undisclosed City of East Lansing, MichiganCity, LDFA Approve TIC Parking Agreement · Jul 21, 2026Undisclosed City of East Lansing, MichiganCity, LDFA Approve Parking Cost Offset Agreement · Jul 21, 2026Undisclosed City of Sault Ste. Marie, MichiganLDFA Assumes Utilities & Maintenance for SmartZone · Jan 1, 2026Undisclosed City of East Lansing, MichiganParking Agreement Approved with Local Development Finance Authority · Dec 16, 2025Undisclosed All Local Development Finance Authority contractsVendor profile

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Questions about this contract

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

Local Development Finance Authority was awarded this facilities contract by City of Sault Ste. Marie, as recorded on July 6, 2026. The contract value is $250/month rent from EDC; $8,000 annual payment to EDC.

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

The Local Development Finance Authority contract with City of Sault Ste. Marie is valued at $250/month rent from EDC; $8,000 annual payment to EDC, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Sault Ste Marie Housing Commission Agenda 2026-07-06 (Agenda), dated July 6, 2026 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 Local Development Finance Authority hold?

Local Development 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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