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Commission renews CDARS deposit for $33,058.98 at 3.6% for 26 weeks
Summary
The commission approved renewal of the county's CDARS account at People's Bank: $33,058.98 for 26 weeks at a 3.6% rate; motion carried 3–0.
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On a motion by Commissioner Jedd Schola, seconded by Commissioner Bob Richardson, the Barbour County Commission approved renewing the county CDARS account at People's Bank for 26 weeks at 3.6%, in the amount of $33,058.98. The motion passed 3–0.
The renewal was recorded in the minutes as a short finance action; no further discussion of alternate banks, investment options or use of the funds was recorded. The commission's vote was unanimous and staff will complete the renewal transaction with People's Bank.
