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Modena treasurer seeks Citadel high-yield account for Highway Aid; council approves bills
Summary
Treasurer David Fiorenza asked the council to open a Citadel high-yield savings account for Highway Aid that will require President and Vice President signers; council approved payment of current bills and signaled readiness to pay local fire departments if funds are available.
Treasurer David Fiorenza told the Borough of Modena council on April 20 that he wants to begin the process to open a high-yield savings account at Citadel for Highway Aid and that the account will require President and Vice President signers. He said a resolution will be prepared once Citadel completes setup.
Fiorenza also read the bills for the period and reported that most are ACH recurring charges. He asked that the borough pay Westwood and Modena Fire Departments their portions, noting an invoice is still needed from John Sly of Westwood. The council approved the bills for payment after a motion by Council member Ed Hines and a second by Council member Michael Gallagher. Fiorenza said the borough is still waiting for additional EIT/EST funds from the county and that Portnoff has placed some properties on sheriff sale, with one property sold.
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