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Stokesdale council: $100,000 moved to CDs, routine contracts and event spending approved
Summary
At its Oct. 9 meeting the Stokesdale Town Council approved a $100,000 transfer into CDARS accounts (split into two $50,000 CDs), authorized contracts and purchases including a meter-reading contract at $1,400/month, bulk waste pickup dates, Christmas-banner installation and traffic cones, and approved a parade budget amendment.
Stokesdale Town Council approved several routine but material actions during its Oct. 9 meeting, including a $100,000 move into CDARS, a new meter‑reading contract and event spending authority for the town’s annual parade.
Investment: Council voted unanimously to transfer $100,000 from the general fund into CDARS deposit accounts to earn interest while retaining partial liquidity. Staff said the deposit will be split into two $50,000 CDs with two‑year terms so cash can be accessed if needed with limited penalty.
Contracted services and procurement: Council authorized a monthly meter‑reading contract with Atlantis Underwater Services (Leslie and Doug Gaines) at the town’s existing rate of $1,400 per month; the contract was approved pending attorney review and with confirmation that the LLC (Atlantis Underwater Services) provided a certificate of liability insurance. Council discussed confirming the business formation/LLC paperwork and the presence of automobile liability on the certificate before final execution.
Other approvals included:
- Resolution R2025‑06 consenting to Fieldstream Drive and Blackthorn Drive in Rachel’s Landing being added to the North Carolina secondary road maintenance system (passed unanimously).
- Authorization for fall 2025 bulk‑item drop‑off with GFL Environmental at town hall (event to run through Oct. 23 with pickup continuing into Oct. 24 morning).
- Purchase of a desktop replacement for the water customer‑service manager for $907.38 (Total Computer Solutions, quote #1253).
- Seasonal Christmas‑banner installation by Price Mill Towing for $1,000, charged to the events fund.
- Purchase of 30 heavy‑duty, 36‑inch American‑made traffic cones from the Traffic Safety Store for $1,382.89, with council discussion about marking/stenciling and theft risk.
Parade budget amendment: Council approved a budget ordinance amendment to increase the events fund line (the ordinance number was discussed as 2025‑O5/2025‑O6 in the meeting) and authorized approximately $5,600 in parade spending authority to cover increased deputy coverage and other costs.
Voting: Votes were recorded on the floor for each item and passed by the council members present. Where amounts, vendor names or insurance details were discussed in the meeting, council asked staff and the town attorney to confirm paperwork and insurance details before completing contract execution.
