City of Ghent Council/EDA Meeting Minutes March 2026
Ghent Reinvests Perpetual Funds Through CDARS
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Description
The City of Ghent approved reinvesting its perpetual maintenance funds through CDARS at 3.6% for a 26‑week term, including interest earned and an additional $876.83 balance. The reinvestment will occur when the current CD matures on March 19, 2026.
Contract Details
Contract Amount
Reinvest all perpetual maintenance funds plus interest and $876.83 balance at 3.6% for 26 weeks
Vendor
CDARS
Agency
City of Ghent, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
26 weeks at 3.6% interest starting on or about 2026-03-19
Renewal Date
2026-09-17
Renewal Info
Reinvestment of maturing CDARS deposit for another 26‑week term at 3.6% interest.
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City of Ghent Council/EDA Meeting Minutes March 2026
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