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Deer River Public School District Awards $500,000 Line Of Credit Contract to BREMER (August 2025)

Deer River Public School District
Disclosed value
$500,000
From minutes
Approved
Aug 11, 2025
Term
2 years

The 30-second brief

What it covers

The Deer River School District has approved a line of credit agreement with Bremer Bank to address potential cash flow challenges over the next two years. The credit line will allow the district to borrow up to $500,000 at an interest rate based on the 30-Day SOFR plus 2.00%, with a floor of 5.00%.

Who holds it

BREMER holds this line of credit contract with Deer River Public School District. Its other public contracts on record include work for City of Moorhead and City of St. Paul.

What happens next

Term as filed: 2 years.

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Contract details

Contract type
Line Of Credit
Amount
$500,000
Document date
August 11, 2025
Term
2 years
Vendor
BREMER
Agency
Deer River Public School District
Source document
deer-river-public-school-district-meeting-minutes-august-11-2025_9b4.pdf (Minutes)

BREMER's other public contracts

City of Moorhead, MinnesotaAgency Maintains Existing Bremer Bank Accounts · Jul 27, 2026UndisclosedCity of St. Paul, MinnesotaBremer Provides Proof of Funds for Reaney Project · Jul 15, 2026UndisclosedTwin Cities German Immersion Chrtr, MinnesotaSchool Reports Banking Services Spending Including Bremer · Jun 30, 2026Twin Cities German Immersion Chrtr, MinnesotaBremer-to-Old National Banking Change Reported · Jun 2, 2026UndisclosedTwin Cities German Immersion Chrtr, MinnesotaFinance Committee Reviews Bremer Bank Transition · Jun 2, 2026UndisclosedAll BREMER contractsVendor profile

More Deer River Public School District contracts

Widseth ArchitectsWidseth Architects Supports Deer River Community Facility Project · Oct 1, 2026UndisclosedNext Career PathwaysDeer River Approves Next Career Pathways Agreement · Sep 24, 2026UndisclosedJergenson, JaegerJaeger Jergenson Named Health Center Project Manager · Sep 14, 2026O'shea, TaylorTaylor O'Shea Approved as Yearbook Advisor · Sep 14, 2026UndisclosedCasteel, CasseyCassey Casteel Accepts Long-Term Substitute Role · Sep 14, 2026UndisclosedAll Deer River Public School District activityAgency profile

Questions about this contract

Who was awarded the line of credit contract by Deer River Public School District?

BREMER was awarded this line of credit contract by Deer River Public School District, as recorded on August 11, 2025. The contract value is $500,000.

How much is the BREMER contract with Deer River Public School District worth?

The BREMER contract with Deer River Public School District is valued at $500,000, covering line of credit work.

What type of contract is this?

This is a Line Of Credit contract, documented as a minutes record.

Where was this contract approved?

This contract appears in deer-river-public-school-district-meeting-minutes-august-11-2025_9b4.pdf (Minutes), dated August 11, 2025 from Deer River Public School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does BREMER hold?

BREMER 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 Deer River Public School District currently buying?

Explore Deer River Public School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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