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Coldwater council approves $454,932 in bills; investment of $308,000 noted
Summary
Council approved bills totaling $454,932 on Sept. 8; staff said roughly $308,000 of that total represented a certificate-of-deposit investment to PNC Bank, plus approximately $64,000 for Republic monthly refuse service and a $13,000 tax-sharing payment to Coldwater Township.
The City Council of Coldwater on Sept. 8 approved payment of $454,932 in bills after finance staff reviewed the largest items included in the packet. Keith (City Manager) described the largest disbursement as a transfer into a certificate of deposit at PNC Bank in the amount of about $308,000; he noted this was an investment rather than an operating expense. Keith also called out the monthly Republic refuse bill at about $64,000 and a tax-sharing payment to Coldwater Township of about $13,000 as material items within the total.
Council member Chad moved to pay the bills and support was voiced by Gil; the motion carried on a voice vote with no recorded opposition. No further unusual items were raised during the council's question period.
