FINANCIAL_SERVICESAPPROVED

Murray County Central School District Awards Financial Services Contract to Minnwest Bank Slayton Minnesota (September 2024)

Murray County Central ISD approved an agreement with Minnwest Bank for short-term payment of district orders not paid for want of funds, with up to $700,000 outstanding at a floor rate of 8.5% interest for FY25.

Status
APPROVED
Document date
September 9, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Minnwest Bank Slayton Minnesota
Agency
Murray County Central School District · MN

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $700,000 outstanding at any one time; interest rate 1% above Wells Fargo Prime, floor 8.50%
Contract type
FINANCIAL_SERVICES
Contract term
Fiscal year 07-01-2024 through 06-30-2025 (until rescinded)
Renewal date
2025-06-30
Renewal
Effective for FY25; remains until rescinded/amended by board; interest changes quarterly; not a standard renewal.
Document type
Minutes
Source document
Murray County Central ISD#2169 Board of Education Meeting Minutes

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Murray County Central School District?

Minnwest Bank Slayton Minnesota was awarded this financial services contract by Murray County Central School District, as recorded on September 9, 2024. The contract value is Not to exceed $700,000 outstanding at any one time; interest rate 1% above Wells Fargo Prime, floor 8.50%.

How much is the Minnwest Bank Slayton Minnesota contract with Murray County Central School District worth?

The Minnwest Bank Slayton Minnesota contract with Murray County Central School District is valued at Not to exceed $700,000 outstanding at any one time; interest rate 1% above Wells Fargo Prime, floor 8.50%, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Murray County Central ISD#2169 Board of Education Meeting Minutes (Minutes), dated September 9, 2024 from Murray County Central School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Minnwest Bank Slayton Minnesota hold?

Minnwest Bank Slayton Minnesota 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 Minnwest Bank Slayton Minnesota's profile

What is Murray County Central School District currently buying?

Explore Murray County Central School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Murray County Central School District's profile

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