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City of Belgrade Awards $1,000,000 Financial Services Contract to Magnifi Financial (December 2024)

City of Belgrade
Disclosed value
$1,000,000
From minutes
Approved
Dec 16, 2024
Term
12 months

The 30-second brief

What it covers

The council approved investing $1,000,000 in a 12-month CD with Magnifi Financial at a 4.35% interest rate.

Who holds it

Magnifi Financial holds this financial services contract with City of Belgrade. Its other public contracts on record include work for Albany Public School District and City of Cold Spring.

What happens next

Term as filed: 12 months.

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Contract details

Contract type
Financial Services
Amount
$1,000,000
Document date
December 16, 2024
Term
12 months
Vendor
Magnifi Financial
Agency
City of Belgrade
Source document
city-of-belgrade-minutes-stormwater-agreement-electric-franchise-dec-16-2024_6f4.pdf (Minutes)

Magnifi Financial's other public contracts

Albany Public School District, MinnesotaMagnifi Financial Donation Accepted for Football Bus · Sep 9, 2026$1KCity of Cold Spring, MinnesotaCity Updates Authorized Signers at Magnifi Financial · Aug 26, 2026UndisclosedCity of Cold Spring, MinnesotaCold Spring Updates Magnifi Financial Account Signers · Aug 26, 2026UndisclosedCity of Grey Eagle, MinnesotaBeth Ramacher Named Control Person at Magnifi · Aug 12, 2026UndisclosedBelgrade-Brooten-Elrosa Public School District, MinnesotaDistrict Approves Closing Magnifi Financial Account · Aug 10, 2026UndisclosedAll Magnifi Financial contractsVendor profile

More City of Belgrade contracts

Short Elliott HendricksonSEH Inc. approved for stormwater management plan · Dec 16, 2024UndisclosedNorthwestern EnergyNorthwestern Energy franchise ordinance under consideration · Dec 16, 2024UndisclosedBelgrade Nursing HomeBelgrade Nursing Home Management Agreement Renewed · Nov 18, 2024UndisclosedObenland & NelsonNew city attorney hired for Belgrade city · Nov 18, 2024$150/hourWest Central SanitationDelinquent garbage bills to be paid · Nov 18, 2024UndisclosedAll City of Belgrade activityAgency profile

Questions about this contract

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

Magnifi Financial was awarded this financial services contract by City of Belgrade, as recorded on December 16, 2024. The contract value is $1,000,000.

How much is the Magnifi Financial contract with City of Belgrade worth?

The Magnifi Financial contract with City of Belgrade is valued at $1,000,000, 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-belgrade-minutes-stormwater-agreement-electric-franchise-dec-16-2024_6f4.pdf (Minutes), dated December 16, 2024 from City of Belgrade. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Magnifi Financial hold?

Magnifi Financial 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 Belgrade currently buying?

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

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