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Board approves transfer of maturing CD into MI Class investment
Summary
The board voted to transfer funds from a CD maturing June 22, 2026 into general checking and then to MI Class; roll call recorded four yes votes and one absence.
A motion was made and approved on July 8 to move funds from a certificate of deposit maturing on June 22, 2026 into the township’s general checking account and then into MI Class. The motion was made by Mr. Skiera and seconded by Mr. Lindeman; roll call recorded Mr. Lindeman, Mr. Skiera, Ms. Gerber and Mr. Vadeboncoeur as voting yes with Ms. Zoscsak absent.
The minutes record the transfer instruction but do not include additional detail about the amount in the CD; the board’s action authorizes the clerk and treasurer to execute the transfer and placement into MI Class.
