FINANCIAL_SERVICESAPPROVED

Borough of Trappe Awards $1,500,000 Financial Services Contract to Plgit Prime (March 2026)

Trappe Borough moved $1.5 million into PLGIT Prime, including placing $500,000 in a six-month yield CD, to manage municipal investments and enhance returns. The remaining funds stay in the PLGIT Prime account for liquidity and earnings.

Status
APPROVED
Document date
March 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Plgit Prime
Agency
Borough of Trappe · PA

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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
$1,500,000.00
Contract type
FINANCIAL_SERVICES
Contract term
6 months for $500,000 CD; remaining $1,000,000 in PLGIT Prime
Renewal
Includes a 6-month yield certificate of deposit for $500,000; renewal of the CD will depend on future Council investment decisions at maturity.
Document type
Minutes
Source document
Trappe Borough Council Meeting Minutes March 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 Borough of Trappe?

Plgit Prime was awarded this financial services contract by Borough of Trappe, as recorded on March 3, 2026. The contract value is $1,500,000.00.

How much is the Plgit Prime contract with Borough of Trappe worth?

The Plgit Prime contract with Borough of Trappe is valued at $1,500,000.00, 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 Trappe Borough Council Meeting Minutes March 2026 (Minutes), dated March 3, 2026 from Borough of Trappe. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Plgit Prime hold?

Plgit Prime 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 Borough of Trappe currently buying?

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

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