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Dakota board renews two CDs totaling $93,058.31 at 3.6%
Summary
The Village of Dakota approved renewal of two certificates of deposit at State Bank of Davis totaling $93,058.31, split between 12- and 18-month terms at 3.6%.
The Village of Dakota board voted to renew two certificates of deposit at State Bank of Davis totaling $93,058.31.
Trustee Jon Riley moved to renew a CD for $46,884.84 at 3.6% for 12 months and a second CD for $46,173.47 at 3.6% for 18 months; both motions were approved by the board. The renewals were recorded as routine financial management during the Oct. 7, 2024 meeting.
The action preserves the village's short-term interest income at the current rate and keeps funds on deposit at the State Bank of Davis. No dissent or amendments were recorded during the approvals.
