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Council discusses moving CDs into Techstar account; decides to wait for treasurer

City of Bandera City Council · May 14, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Council compared local CD rates (about 3.3%) with Techstar (reported 3.6%) and agreed to defer any transfers until a treasurer is in place and until the next CD matures in July.

Under agenda item I, council members compared current yields on local certificates of deposit and a Techstar account. Staff noted the city has four CDs with an average yield of roughly 3.3% and that Techstar was quoted at about 3.6%. The treasurer or investment officer is the person authorized to close CDs and reinvest funds, so several council members recommended deferring any transfers until a newly appointed treasurer can act on the city's behalf.

Council members also noted the next CD maturity dates (July, September, November, February 2027) and agreed to revisit investment moves closer to those maturities once a treasurer is in place. No transfer decision was made at the meeting.

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