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Board authorizes investment-management agreement with Central Trust for professionally managed portfolio
5749612 · August 8, 2025
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Summary
City treasurer presented and recommended an agreement with Central Trust to add professionally managed investments to the city's options; aldermen approved the limited-scope agreement after confirming fees and cancellation terms.
The Board of Aldermen on Aug. 7 approved a first-reading agreement with Central Trust Company to provide investment-management services for a portion of the city’s funds (Bill 25-63). City Treasurer Carrie Bell described the arrangement as an additional option to the city’s existing mix of operating…
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