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Mapleton trustees renew CDs, add funds to reach $100,000 total
Summary
Trustee Terri Baker moved to renew certificates of deposit and add funds so the General and Water accounts combined hold $100,000; the minutes record the motion passed but do not specify the allocation between accounts.
At the Oct. 9 meeting, Trustee Terri Baker moved and Trustee Ben Hausam seconded to renew certificates of deposit and add funds so that the General and Water accounts together total $100,000. Roll call recorded the motion as approved with five trustees voting in favor; the mayor and one trustee were absent.
The minutes state the combined total of $100,000 but do not specify how the additional funds will be split between the General and Water accounts. The board did not record any further detail about maturities, interest rates, or the bank handling the CDs in these minutes.
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