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Lava Hot Springs council unanimously approves $185,613 CD reinvestment at ICCU
Summary
At a special August 19 meeting, the Lava Hot Springs City Council voted unanimously to approve Resolution 2024-005 to reinvest $185,613.28 in a six-month certificate of deposit at ICCU.
The Lava Hot Springs City Council voted unanimously on August 19 to approve Resolution 2024-005 to reinvest $185,613.28 in a six-month certificate of deposit at ICCU. Councilperson Leah Navarro moved for approval and Councilperson Jeanie Avery seconded; Mayor Vicky Lyon announced the vote as "all in favor."
Council records show the motion passed with the four voting members recorded as John Head, Leah Navarro, Jeanie Avery and Mandy Frandsen voting aye. The transcript identifies the action as a reinvestment of a CD maturing on August 19, 2024; the motion text in the record was: "Councilperson Navarro made a motion to approve Resolution 2024-005 for $185,613.28 6 month CD at ICCU." The item was presented and decided on the consent of the council with no recorded dissent or amendments. The council did not identify any additional conditions attached to the reinvestment.
