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Board approves $250,000 CD, moves existing CD funds and records $863K in bill payments
Summary
The Board authorized opening a six‑month CD for $250,000 at 3.85% and cashing out a $240,259.37 CD to move funds to a money market account; the minutes also list approved bills and payments totaling $862,955.01.
The Ward County Water Resource Board voted to open a certificate of deposit with First International Bank for $250,000.00 at 3.85% interest for six months and to cash out a First Western Bank & Trust CD of $240,259.37, transferring those funds to the money market account. Jason Zimmerman moved the action and the motion passed 5-0.
The minutes list bills approved and paid totaling $862,955.01, including a $515,418.75 payment to People's State Bank of Velva and a $323,983.55 payment to Blue Stone Construction Inc. Other recorded disbursements included contract and payroll items; the Board accepted the monthly bills by unanimous vote earlier in the meeting.
