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Ross Council Authorizes Time Value Investments as Town Broker for Longer‑term Funds
Summary
The Town Council unanimously authorized the town manager to transact investment activity with Time Value Investments (TVI) as an investment broker after a presentation on using laddered government bonds and CDs to diversify returns; council required regular reporting and a finance‑committee check‑in.
The Ross Town Council on Nov. 20 voted unanimously to authorize the town manager to transact investment activity with Time Value Investments (TVI) as the town’s broker, a change from the town’s long‑standing reliance on the Local Agency Investment Fund (LAIF).
Finance subcommittee members had recommended the change after presentations by Aaron of Time Value Investments, who told the council the firm focuses on U.S. government bonds and federally insured certificates of deposit and would work with town staff…
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