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Annetta North council approves moving up to $275,000 into Charles Schwab brokerage CDs, 3‑0 vote
Summary
The council voted 3‑0 to place Certificate(s) of Deposit with Charles Schwab Brokerage for an amount not to exceed $275,000; motion moved by Mayor Pro‑Tem Rob Watson and seconded by Councilmember Ryan McConnell.
Mayor Pro‑Tem Rob Watson moved to place Certificate(s) of Deposit with the Charles Schwab Brokerage Firm for an amount not to exceed $275,000; Councilmember Ryan McConnell seconded the motion and the motion carried 3‑0.
The vote was recorded as 3‑0 in favor; the minutes do not list individual yes/no votes by member name beyond the tally. The motion authorizes placement of town funds in certificates of deposit at the named brokerage up to the specified dollar amount. The minutes do not record any conditions, maturity terms, or the exact accounts to be used; those details would be handled in financial records or a subsequent staff report.
This action was taken as part of the meeting’s old business agenda item on financial matters and represents a formal council authorization recorded in the minutes.
