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Council approves $469,260.54 appropriation; accepts CD renewal bids
Summary
The Meade City Council approved an Appropriation Ordinance for $469,260.54 and accepted Stockgrowers State Bank bids to renew four $500,000 CDs at 3.62% (six months) and 3.56% (12 months); both motions carried unanimously.
Council member Brian Kroth moved and Lance DeLissa seconded approval of the Appropriation Ordinance in the amount of $469,260.54; the motion carried "with all in favor." The transcript records the amount and the unanimous outcome.
Later in the meeting, City Clerk Christina Redger presented a bid from Stockgrowers State Bank to renew four certificates of deposit (four CDs of $500,000 each) with specific rate options. DeLissa moved and Kroth seconded to accept the bid: 3.62% for two 6-month CDs (CD #23886 and #23887) and 3.56% for two 12-month CDs (CD #23888 and #23889). That motion also carried with all in favor.
