Town of Freedom Regular Board Meeting Minutes 2026-01-19
Town Invests Mortgage Tax Funds in Five Star Bank CD
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Description
The Town of Freedom Board approved transferring $2,341,121.27 in unspent mortgage tax funds into a seven-month certificate of deposit with Five Star Bank. The action is intended to safely invest idle funds while earning interest.
Contract Details
Contract Amount
$2,341,121.27
Vendor
FIVE STAR BANK
Agency
Town of Freedom, NY
Contract Type
FINANCIAL_SERVICES
Document Date
January 19, 2026
Contract Term
Seven-month certificate of deposit
Renewal Info
Single seven-month CD placement; any renewal or rollover would require future board action or bank instructions not specified here.
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