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Council approves CD renewals, advertises gravel bid and other finance items
Summary
Council approved renewing certificates of deposit as they mature and adding $200,000 in short-term CDs, and authorized advertising for 300 tons of DOT-spec gravel with bids to open Aug. 10, 2026.
During the July 7 meeting the council approved a motion to renew certificates of deposit as they come due and to add $200,000 in additional short-term CDs at First Dakota Bank. The action was unanimous and reflects the council's short-term financial management choices.
Council also approved advertising for 300 tons of Department of Transportation specification gravel with bids to be opened on August 10, 2026, at 8:15 p.m. The motion to advertise passed unanimously, and staff will manage the bid process and timeline.
