Project Information

Bid Title

Longhorn Drive Installment Purchase Agreement Financing RFP

Issuing Agency

Texas charter township

Location

Michigan

Published Date

Sep 26, 2025

Closing Date

Oct 10, 2025

Government Level

State & Local

Status

Closed

Ref. #

2025-0005

Original Source

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Bid Documents

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Project Description

Bid Number:	2025-0005
Bid Title:	Longhorn Drive Installment Purchase Agreement Financing RFP
Category:	General
Status:	Open

Description: Texas Charter Township is soliciting proposals from qualified financial institutions to provide financing through an Installment Purchase Agreement (“IPA”) for the construction of the Longhorn Drive. The financing will be used to fund design, engineering, and construction costs, and related capital expenses. The Longhorn Drive Ring Road Project will: Construct a new public roadway connecting existing arterials to improve traffic flow and connectivity. Facilitate access to previously underutilized parcels, supporting commercial and mixed-use development. Improve emergency response access and infrastructure capacity. The Township seeks competitive proposals to obtain the lowest overall borrowing cost, with flexible repayment terms, in compliance with applicable Michigan statutes. View the RFP Publication Date/Time: 9/26/2025 11:00 AM Closing Date/Time: 10/10/2025 10:00 AM Submittal Information: info@texastownship.org Contact Person: Brooke Hovenkamp, Superintendent info@texastownship.org Miscellaneous: Questions must be emailed to info@texastownship.org no later than 4:00 PM on Monday, October 6. Responses will be provided by email and posted on the Township’s Bid Opportunities webpage no later than 4:00 PM on Tuesday, October 7.

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