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Milton council reviews investment report, board policy drafts and schedules CRA grant for Nov. 4
Summary
Council reviewed an updated quarterly investment report and asked staff to clarify account naming; council agreed to send a one‑page code of conduct and a consolidated board appointment policy to legal for codification with action expected in December; a $10,000 CRA request from the Exchange Hotel will be placed on the Nov. 4 agenda, with some councilmembers indicating support for a reduced $5,000 award.
Staff presented the quarterly investment report and clarified that a frequently questioned account (described as 'water revenue' in bank records) functions as the city’s operational checking account rather than an investment account. Councilmembers asked staff to request clearer account naming from Truist Bank to reduce future confusion.
Council discussed a streamlined code…
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