CONTRACTPENDING

Town considers $2M investment in brokerage CDs

Disclosed value: $2,000,000; From minutes
Document date: Jun 24, 2025
Term: 12 months & 24 months

What it covers

Town Council is considering investing $2 million with Edward Jones in brokerage CDs, split into 12-month and 24-month terms. The Town Manager has the authority to sell the CDs if advantageous, after notifying all members of the Town Council and obtaining consensus.

Who holds it

Edward D. Jones & Co., L.P. holds this investment contract with Town of West Point. Its other public contracts on record include work for City of Minnetonka and Town of Monroe.

What happens next

Term as filed: 12 months & 24 months.

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Contract details

Contract type: Investment
Amount: $2,000,000
Document date: June 24, 2025
Term: 12 months & 24 months
Vendor: Edward D. Jones & Co., L.P.
Agency: Town of West Point
Source document: town-of-west-point-town-council-work-session-minutes-june-24-2025_bb3.pdf (Minutes)

Edward D. Jones & Co., L.P.'s other public contracts

City of Minnetonka, MinnesotaEdward Jones approved for financial services · Dec 24, 2025Undisclosed Town of Monroe, PennsylvaniaEdward Jones approved for township investment management · Nov 25, 2025Undisclosed City of Fairmont, West VirginiaFairmont City partners with Edward Jones for pension · Nov 12, 2025Undisclosed City of Two Rivers, WisconsinCity of Two Rivers manages investment account. · Nov 11, 2025Undisclosed Town of Mamre, MinnesotaEdward Jones $25,000 3-month CD renewal approved · Nov 10, 2025$25K

More Town of West Point contracts

Middle Peninsula Planning District Commission (Mppdc)West Point Approves MPPDC Coastal Resilience Agreement · Sep 28, 2026 Wilkinson Insurance ServicesWilkinson Insurance Services Conducts Town Payroll Audit · Sep 28, 2026Undisclosed Dominion EnergyWest Point Reviews Dominion Energy Service Agreement · Sep 28, 2026Undisclosed Berkley GroupWest Point Continues Comprehensive Plan Work With Berkley · Sep 28, 2026Undisclosed REVIZEWest Point Plans Revize Website Contract Renewal · Sep 28, 2026Undisclosed All Town of West Point activityAgency profile

Questions about this contract

Who was awarded the investment contract by Town of West Point?

Edward D. Jones & Co., L.P. was awarded this investment contract by Town of West Point, as recorded on June 24, 2025. The contract value is $2,000,000.

How much is the Edward D. Jones & Co., L.P. contract with Town of West Point worth?

The Edward D. Jones & Co., L.P. contract with Town of West Point is valued at $2,000,000, covering investment work.

What type of contract is this?

This is a Investment contract, documented as a minutes record.

Where was this contract approved?

This contract appears in town-of-west-point-town-council-work-session-minutes-june-24-2025_bb3.pdf (Minutes), dated June 24, 2025 from Town of West Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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