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Board tables proposal to enable PNC bank account sweeps for district funds
Summary
Consideration of authorization for PNC Bank account sweeps on operational, debt service and capital project accounts was moved from the consent agenda to Action Items and TABLED; the minutes do not record the reason for tabling.
The board moved Item J (authorization for PNC Bank account sweeps on operational, debt service and capital projects accounts) from the Consent Agenda to Action Items and ultimately tabled the proposal. The motion to table was recorded in the minutes; the record does not provide the arguments or rationale that led to tabling.
The minutes describe the procedural handling (moved from consent, then tabled) but provide no timeline for when the item will return to the board or whether staff will provide additional information. The district’s Consent Agenda otherwise passed with remaining items approved by unanimous consent.
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