Town of Pine Island Awards $148,500 Financial Services Contract to Middle River Investments (May 2026)

The Pine Island Economic Development Authority approved a $148,500, 10-year loan at 2% interest to Middle River Investments to assist with purchasing adjacent property and constructing a highway-visible business sign. The loan is secured by property, business assets, equipment, and a personal guarantee.

Scope & details

The full contract record, as filed.

Contract amount

$148,500

Contract type

FINANCIAL_SERVICES

Contract term

10 year repayment period at 2% interest

Renewal date

2036-04-06

Renewal

Term loan structure; 10-year amortization approved on April 6, 2026. No renewals or extensions are described in the minutes.

Document type

AgendaPacket

Source document

Pine Island Economic Development Authority AgendaPacket 2026-05-04

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Pine Island Economic Development Authority AgendaPacket Regular Meeting 2026-08-03

ONGOING

City of Pine Island, MinnesotaAug 3, 2026

Pine Island Economic Development Authority AgendaPacket Regular Meeting 2026-08-03

AWARDED

Town of Pine Island, MinnesotaAug 3, 2026

Pine Island Economic Development Authority Board of Commissioners Agenda Packet 2026-04-06

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Pine Island?

Middle River Investments was awarded this financial services contract by Town of Pine Island, as recorded on May 4, 2026. The contract value is $148,500.

How much is the Middle River Investments contract with Town of Pine Island worth?

The Middle River Investments contract with Town of Pine Island is valued at $148,500, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Pine Island Economic Development Authority AgendaPacket 2026-05-04 (AgendaPacket), dated May 4, 2026 from Town of Pine Island. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Middle River Investments hold?

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

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What is Town of Pine Island currently buying?

Explore Town of Pine Island's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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