Munro Township Minutes Regular Board Meeting 2026-04-14
Township Invests $200,000 in CDs at CNB
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Description
Munro Township authorized transferring $200,000 from general savings into certificates of deposit at CNB, with $100,000 placed in 12-month CDs and $100,000 in 9-month CDs. The invested funds are earmarked for future road projects.
Contract Details
Contract Amount
$200,000.00
Vendor
CNB
Agency
Town of Munro, MI
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
$100,000 in 12-month CDs and $100,000 in 9-month CDs
Renewal Info
CDs will mature after 9 and 12 months respectively, at which time the township may reinvest or redeem funds.
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