FINANCIAL_SERVICESAPPROVED

City of Vergas Awards Financial Services Contract to Vergas State Bank (August 2026)

The Vergas EDA/HRA approved a contract for deed sale of 220 Eva Street for $25,000 with $5,000 down, 8% interest, and monthly payments of $1,354.14 over approximately 15 months, with closing company processing and state recording.

Status
APPROVED
Document date
August 18, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Vergas State Bank
Agency
City of Vergas · MN

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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 type
FINANCIAL_SERVICES
Contract term
15 months
Renewal date
2027-10-10
Renewal
Contract for deed will mature around October 2027; no renewal beyond payoff.
Document type
AgendaPacket
Source document
City of Vergas Agenda Packet 2026-08-18

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Vergas?

Vergas State Bank was awarded this financial services contract by City of Vergas, as recorded on August 18, 2026.

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 City of Vergas Agenda Packet 2026-08-18 (AgendaPacket), dated August 18, 2026 from City of Vergas. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vergas State Bank hold?

Vergas State Bank 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 City of Vergas currently buying?

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

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