FINANCIAL_SERVICESAPPROVED

City of Coon Rapids Awards Financial Services Contract to Iowa Savings Bank (October 2025)

The Coon Rapids City Council approved Resolution #2174-2025 authorizing a 2025 Guarantee Agreement for Thomas Rest Haven, guaranteeing an Iowa Savings Bank line of credit in a principal amount not to exceed $250,000. The action followed a public hearing with no comments or objections.

Status
APPROVED
Document date
October 6, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Iowa Savings Bank
Agency
City of Coon Rapids · IA

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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
Not to exceed $250,000
Contract type
FINANCIAL_SERVICES
Renewal
Guarantee covers a line of credit loan up to $250,000; specific maturity or renewal terms were not detailed in the minutes.
Document type
Minutes
Source document
coon_rapids_city_council_regular_meeting_minutes_o.md

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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 Coon Rapids?

Iowa Savings Bank was awarded this financial services contract by City of Coon Rapids, as recorded on October 6, 2025. The contract value is Not to exceed $250,000.

How much is the Iowa Savings Bank contract with City of Coon Rapids worth?

The Iowa Savings Bank contract with City of Coon Rapids is valued at Not to exceed $250,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in coon_rapids_city_council_regular_meeting_minutes_o.md (Minutes), dated October 6, 2025 from City of Coon Rapids. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Iowa Savings Bank hold?

Iowa Savings 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.

View Iowa Savings Bank's profile

What is City of Coon Rapids currently buying?

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

View City of Coon Rapids's profile

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