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Council approves five-year depository agreement with Huntington National Bank
Summary
At its Feb. 9 meeting, the North Canton City Council adopted Resolution 05207 to renew the city's depository agreement with Huntington National Bank for the period March 1, 2026—6 through Feb. 28, 2031; council approved the second reading and the motion carried.
At the Feb. 9 North Canton City Council meeting, council members approved Resolution 05207, renewing the depository agreement with Huntington National Bank as the city's primary depository for active, interim and inactive deposits for a five-year period beginning March 1, 2026 and ending Feb. 28, 2031.
Liam read the title of the resolution for the record. Council discussed the item briefly; a motion to adopt the second reading was made, seconded and the motion carried. No roll-call vote tally was recorded in the transcript for that adoption, and council did not elaborate further on terms during the discussion.
Why it matters: The resolution designates the bank responsible for holding city funds and establishes the depository arrangement for the next five years. Council members indicated there were no substantive changes from prior arrangements.
Next steps: The resolution was adopted at second reading on Feb. 9; the meeting calendar noted the next council meeting on Feb. 23 will include the item's third reading if required by council procedure.
