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Leoti council renews three certificates of deposit and updates bank signature cards
Summary
The council approved renewing two certificates of deposit at Western State Bank at 3.65% and one at Security State Bank at 3.69%, and authorized adding four names to signature cards at Security State Bank (Chris Kreutzer, Derek Meyer, Jeannine Hassell and Elizabeth Gould).
City Treasurer Liz Gould reported that certificates of deposit recently matured and presented renewal offers: two CDs at Western State Bank at 3.65% and one CD at Security State Bank at 3.69%. On a motion by Aron White, seconded by Jim Kreutzer, council approved renewing the three certificates of deposit at the quoted rates.
Council also approved updating signature cards at Security State Bank to add Mayor Chris Kreutzer, Council President Derek Meyer, City Clerk Jeannine Hassell and Treasurer Elizabeth (Liz) Gould; the motion (moved by Aron White, seconded by Kelma Burch) carried unanimously. The council recorded that the warrants were available for review when approving payroll ($20,020.38) and accounts-payable ($36,902.44) on the consent agenda.
