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Council votes to roll over maturing CD; keeps Community Building finances unchanged
Summary
After an executive session, council voted to roll over the borough's maturing certificate of deposit and decided not to transfer Community Building funds; a new bank account will be opened for the Frey Trust.
The council entered executive session to discuss Community Building finances and a maturing certificate of deposit. After returning to open session, council members voted on rolling over the CD interest; the minutes state Community Building finances "will stay the same without any transfers." The council also recorded that a new bank account will need to be opened for the Joyce Frey Trust funds.
The minutes do not include a roll‑call vote tally for the CD decision, only noting that council returned to vote and the resulting financial stance. No further budget reallocations or transfers were recorded in the minutes at this meeting.
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