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Glendale board approves monthly expenses, moves savings to money market and accepts scholarship donation
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Summary
The Town Board approved monthly bills, voted to move an unused savings account to a higher-yield money-market account, accepted a $500 high-school scholarship donation (Mayor to follow up), and appointed Don Jensen to Planning & Zoning.
The Glendale Town Board approved routine monthly expenses, moved an unused savings account to a higher-yield money-market account and accepted a $500 donation to a local scholarship fund at its March 19 meeting.
Mayor Chamberlain said the council reviewed bank balances (General Fund $56,379.51; Water fund $69,178.52; PTIF water fund $18,662.07; Water savings $20,870.87; PTIF road fund $31,814.14). Clint Porter moved to pass monthly expenses and Marshal Cox seconded; the motion passed.
Candice and Lori proposed moving an underutilized savings account to a money-market account to earn about 1.5% more. Lori said municipal accounts tied to the water and general fund cannot be moved, but the savings account may be. Raliegh Franklin moved to move the account and Clint Porter seconded; the motion passed.
The clerk reported a $500 donation from the high school for a scholarship fund. Mayor Chamberlain said he will follow up with Ashley at the high school to confirm the donation should be designated for a Glendale student; the board voted to accept the donation.
Planning & Zoning appointments were discussed and Don Jensen was appointed to Planning & Zoning following a motion by Mayor Chamberlain; that appointment passed by voice vote.
Board members did not change fee schedules at the meeting; Lori Jensen and staff will prepare proposed fee changes and a public hearing will be scheduled if required.