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Council schedules banking RFP review as staff outlines options for underperforming investments
Summary
At its Sept. 15 meeting, Lebanon’s council set a Sept. 22 special session to review banking RFPs and heard staff outline steps to move roughly $150,000 from an underperforming Raymond James account while exploring LGIP and local CDs to boost returns.
The Lebanon City Council Committee on Sept. 15 scheduled a special meeting for Sept. 22 to publicly review banking requests for proposals and discussed near-term steps to improve the city’s investment returns.
Chair (speaker 3) announced the special meeting and said materials about the banking RFPs will be posted on the city website. A staff member (speaker 5) told the committee that statutory account control rests with the city treasurer and described…
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