FINANCIAL_SERVICESAPPROVED

Northampton Borough Municipal (Water) Authority Awards Financial Services Contract to PLGIT (May 2026)

The Authority reported investments of $7.99 million in Certificates of Deposit and $354,125 in cash with PLGIT for various restricted trust indenture funds, with projected interest earnings of $321,845.18. The CDs, purchased under Resolutions 296–305, carry terms of 364 to 367 days and yields between approximately 3.75% and 3.98%.

Status
APPROVED
Document date
May 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
PLGIT
Agency
Northampton Borough Municipal (Water) Authority · PA

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Scope & details

The full contract record, as filed.

Contract amount
$7,990,000.00 in Certificates of Deposit plus $354,125.43 cash held
Contract type
FINANCIAL_SERVICES
Contract term
Various CDs including 364-day and 367-day terms purchased April 24, 2026 and May 1, 2026
Renewal date
2027-05-01
Renewal
CDs purchased April 24, 2026 and May 1, 2026 have one-year terms; upon maturity in 2027, reinvestment or redemption decisions will be required.
Document type
Minutes
Source document
Northampton Borough Municipal Authority Minutes 2026-05-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Northampton Borough Municipal (Water) Authority?

PLGIT was awarded this financial services contract by Northampton Borough Municipal (Water) Authority, as recorded on May 12, 2026. The contract value is $7,990,000.00 in Certificates of Deposit plus $354,125.43 cash held.

How much is the PLGIT contract with Northampton Borough Municipal (Water) Authority worth?

The PLGIT contract with Northampton Borough Municipal (Water) Authority is valued at $7,990,000.00 in Certificates of Deposit plus $354,125.43 cash held, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Northampton Borough Municipal Authority Minutes 2026-05-12 (Minutes), dated May 12, 2026 from Northampton Borough Municipal (Water) Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PLGIT hold?

PLGIT may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Northampton Borough Municipal (Water) Authority currently buying?

Explore Northampton Borough Municipal (Water) Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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