EDA Recommends $40,000 Filip Diesel Repair Loan
City of MadeliaCity · Madelia, MN- Disclosed value
- $40,000 at 3% interest
- From agendapacket
- Document date
- Oct 26, 2026
- Term
- 7 years
- Renews
- Free account
The 30-second brief
The Madelia EDA recommended a $40,000 loan to Filip Diesel Repair for tire replacement machinery, HVAC improvements, and business expansion. The loan carries 3% interest over seven years and was referred to the City Council for final approval.
Filip Diesel Repair holds this financial services contract with City of Madelia.
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Contract details
- Contract type
- Financial Services
- Amount
- $40,000 at 3% interest
- Document date
- October 26, 2026
- Term
- 7 years
- Renews
- On record
- Vendor
- Filip Diesel Repair
- Agency
- City of Madelia
- Source document
- Madelia Economic Development Authority AgendaPacket October 26 2026 (AgendaPacket)
Filip Diesel Repair's other public contracts
More City of Madelia contracts
Questions about this contract
Who was awarded the financial services contract by City of Madelia?
Filip Diesel Repair was awarded this financial services contract by City of Madelia, as recorded on October 26, 2026. The contract value is $40,000 at 3% interest.
How much is the Filip Diesel Repair contract with City of Madelia worth?
The Filip Diesel Repair contract with City of Madelia is valued at $40,000 at 3% interest, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Madelia Economic Development Authority AgendaPacket October 26 2026 (AgendaPacket), dated October 26, 2026 from City of Madelia. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Filip Diesel Repair hold?
Filip Diesel Repair 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 Madelia currently buying?
Explore City of Madelia's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
