City of Pickens City Council Work Session Agenda March 23, 2026
City Selects LGIP for Restricted Capital Fund Investment
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Description
The City of Pickens City Council approved creation of the Restricted Acquisition and Capital Fund and authorized investment management through the South Carolina Local Government Investment Pool (LGIP) to preserve and grow grant proceeds for infrastructure and economic development initiatives. The agreement is effective immediately upon adoption.
Contract Details
Vendor
SOUTH CAROLINA LOCAL GOVERNMENT INVESTMENT POOL LGIP
Agency
Town of Pickens, MS
Contract Type
FINANCIAL_SERVICES
Document Date
March 23, 2026
Renewal Info
No automatic renewal; ongoing investment management subject to City Council annual review and resolution.
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