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Commission rolls CDs into five‑month term, plans paving and sets event schedules
Summary
Commissioners agreed to cash maturing CDs and reinvest in five‑month instruments, discussed a $120,000 paving need for Bloomberg area, approved meeting minutes and financial reports, and set citywide yard‑sale and yard‑waste dates.
The Worthington Hills commission voted to cash in maturing certificates of deposit and reinvest proceeds in five‑month CDs to take advantage of modestly higher short‑term yields, a motion moved and approved during the Feb. 17 meeting.
Mayor Stone outlined the city’s cash and CD positions and said the decision would allow the city to collect additional short‑term interest while timing repaving work for August. He said paving the Bloomberg area will require roughly $120,000. Commissioner Molton moved to cash out the maturing CDs and place funds in five‑month instruments; Commissioner Metcalfe seconded and the motion passed on a voice vote.
The commission also approved acceptance of the meeting minutes and the city financial reports for February 2026 after motions and seconds were recorded. Commissioners briefly discussed citywide events and services: they set the citywide yard‑sale for May 16 with a rain date of May 17, and a September event (Sept. 19) with a rain date. The commission confirmed yard‑waste pickup will resume March 30 and run through Nov. 23 to align with recycling pickup.
Commissioners closed the meeting after brief department reports and training updates; the meeting adjourned at about 8:20 p.m.
