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Board approves cashing two CDs and moving proceeds to general checking
Summary
The board approved a motion to cash out two certificates of deposit maturing in March and deposit the proceeds into the general checking account; the motion passed on a 5-0 roll-call vote. The minutes say funds will be dispersed later.
During the treasurer's report, the board voted to cash out two certificates of deposit that are coming due in March and deposit the proceeds into the township's general checking account for later disbursement. The motion was made by Mr. Skiera and seconded by Ms. Zoscsak; minutes record a unanimous 5-0 roll-call vote.
The minutes do not specify the face value of the CDs, how the funds will be allocated once in checking, or the precise timing of disbursements beyond the indication the CDs mature in March.
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