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Parks board records motion to invest $50,000 in 17‑month CD; approval not specified in transcript
Summary
The Anamosa City Parks & Recreation Board recorded a motion to invest $50,000 in a 17‑month certificate of deposit at 4% with Fidelity. The transcript records the motion and seconder but does not clearly state whether the board formally approved the transaction.
The Anamosa City Parks & Recreation Board recorded a motion July 1 to invest $50,000 in a 17‑month certificate of deposit at an annual rate of 4% with Fidelity. The motion was listed as "Motion by: Kari, second by: Dawn" on the consent agenda.
The item appeared on the consent agenda under routine financial business. Board member Kari Dearborn moved the investment; the agenda text records Dawn Koob as the seconder. The board packet text supplied in the transcript lists the investment amount, term and rate but the supplied transcript lines do not record a clear final vote tally or an explicit statement that the motion carried. The minutes template line reads 'approved/revisions/denied' without a definitive outcome in the excerpt provided.
Because the transcript does not contain an explicit recorded outcome, the board's final decision on this motion is not specified in the provided record. The board is scheduled to meet again August 5, when formal minutes or further documentation could clarify whether the investment was executed.
Actions and next steps noted by staff included recording the motion in the minutes and ensuring the finance account coding is updated if the investment proceeds; the transcript does not list a mover/second beyond the consent entry or show any vote names or tallies.
