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Dakota board approves bills, moves two CDs into money market to avoid fees
Summary
Trustees approved current bills, asked staff to investigate a higher NICOR bill and authorized transfers of CD #5667 ($39,047.59) and CD #5659 ($37,729.42) into the General Money Market Account to avoid dormant-account fees.
The Village of Dakota board on Dec. 1 approved its current bills and directed staff to look into a higher-than-usual NICOR charge, suggesting a service check by Homestead to rule out leakage. Ken Vrazsity moved to approve the bills; Jeremy Knox seconded and the motion carried.
Trustees also approved two transfers intended to prevent dormant-account fees. The board voted to move CD #5667, containing $39,047.59, and CD #5659, containing $37,729.42, into the General Money Market Account. Ken Vrazsity made both motions; one motion was seconded by Andrew Workinger and the other by Jeremy Knox, and both passed. Officials said funds will be supplied to regularly used accounts as needed to avoid future fees.
