Minneapolis file 2026-01045, before the Minneapolis City Council. Passed as of 2026-10-10.
Latest action: Published
City spends $326,809 on investment tracking system Minneapolis would pay Clearwater Analytics up to $326,809 from November 2026 through October 2029 for software that tracks and reports on city investments.
Better visibility into how city manages its money The new system lets city staff see all investments in one place and produce clearer reports about returns and performance to the public.
Long-term cost could reach $500K with extensions If the city uses both optional one-year extensions or the two-year option, the total cost could grow beyond the base amount; actual spend depends on future renewal decisions.
Authorizing a contract with Clearwater Analytics, LLC, in an amount not to exceed $326,809, for a three-year termfrom Nov 1, 2026, through Oct31, 2029, with the option to extend for two (2) additional one-year terms, or one (1) additional two-year term, to provide a Software-as-a-Service ("SaaS") investment accounting, aggregation, analytics, and reporting solution, including, pursuant to the parties' negotiations, modifications to the City's terms and conditions.
Read the official record for 2026-01045
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