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Council hears request to open FirstBank money market account and move $100,000 from trust
3764679 · June 10, 2025
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Summary
City staff requested authorization to open a FirstBank money market account and initially deposit $100,000 from the city's trust account to support lending terms for recurring vehicle loans; no action was recorded in the transcript.
City staff asked the council to authorize opening a money market account at FirstBank and to deposit $100,000 from the city's trust account.
A staff presenter said the city previously held a certificate of deposit with FirstBank and later moved…
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