FINANCIAL_SERVICESAPPROVED

City of Bowlus Awards $225,000 Financial Services Contract to MAGNIFI (February 2026)

The City Council approved moving a $225,000 Fire Department CD investment from Pine Country Bank to Magnifi for a 7-month term to ensure full coverage and higher interest. Authorization by Mayor, Clerk, and Treasurer will be required.

Status
APPROVED
Document date
February 2, 2026
Contract type
FINANCIAL_SERVICES
Vendor
MAGNIFI
Agency
City of Bowlus · MN

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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

Scope & details

The full contract record, as filed.

Contract amount
$225,000
Contract type
FINANCIAL_SERVICES
Contract term
7 month CD
Renewal date
2026-09-09
Renewal
CD will mature at end of 7-month term; future renewal to be determined at maturity.
Document type
Minutes
Source document
City of Bowlus Council Meeting Minutes February 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Bowlus?

MAGNIFI was awarded this financial services contract by City of Bowlus, as recorded on February 2, 2026. The contract value is $225,000.

How much is the MAGNIFI contract with City of Bowlus worth?

The MAGNIFI contract with City of Bowlus is valued at $225,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Bowlus Council Meeting Minutes February 2026 (Minutes), dated February 2, 2026 from City of Bowlus. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does MAGNIFI hold?

MAGNIFI may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View MAGNIFI's profile

What is City of Bowlus currently buying?

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

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