CONTRACTRENEWED

Library Renews and Expands CDs with Lake City Bank

Disclosed value: $100,000 original CD plus additional $100,000; From minutes
Document date: Jul 15, 2024
Term: 6-month CDs

What it covers

Milford Public Library Board authorized reinvesting the original $100,000 CD at Lake City Bank into a new 6‑month CD and adding another $100,000 from the Rainy Day fund into a 6‑month CD. The action leverages current renewal rates to maximize interest earnings on library reserves.

Who holds it

Lake City Bank holds this financial services contract with Milford District Library. Its other public contracts on record include work for Kosciusko County Solid Waste Management District and City of Kendallville.

What happens next

Term as filed: 6-month CDs.

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Contract details

Contract type: Financial Services
Amount: $100,000 original CD plus additional $100,000
Document date: July 15, 2024
Term: 6-month CDs
Vendor: Lake City Bank
Agency: Milford District Library
Source document: Milford Public Library Board Meeting Minutes July 2024 (Minutes)

Lake City Bank's other public contracts

Kosciusko County Solid Waste Management District, IndianaLake City Bank Credit Card Claim Approved for Recycling · Sep 22, 2026Undisclosed City of Kendallville, IndianaLake City Bank Approved as City Depository Bank · Aug 25, 2026Undisclosed City of Kendallville, IndianaBoard To Consider Lake City Bank Contract · Aug 25, 2026Undisclosed City of Kendallville, IndianaLake City Bank Chosen as City Depository · Aug 17, 2026Undisclosed Greenwood Public Library, IndianaLake City Bank Discusses Positive Pay Services · Jul 14, 2026Undisclosed All Lake City Bank contractsVendor profile

More Milford District Library contracts

INFOEXPRESSLibrary to Consider Renewal of Courier Service · May 9, 2026Undisclosed CATHY'SLibrary to seek window cleaning quote from Cathy's · Apr 20, 2026Undisclosed Dynamic LandscapingBoard reviews issues with Dynamic Landscaping work · Apr 20, 2026Undisclosed West FaxLibrary adopts West Fax e-fax service · Apr 20, 2026Undisclosed Goshen FiberLibrary switches internet and phone to Goshen Fiber · Apr 20, 2026Undisclosed All Milford District Library activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Milford District Library?

Lake City Bank was awarded this financial services contract by Milford District Library, as recorded on July 15, 2024. The contract value is $100,000 original CD plus additional $100,000.

How much is the Lake City Bank contract with Milford District Library worth?

The Lake City Bank contract with Milford District Library is valued at $100,000 original CD plus additional $100,000, 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 Milford Public Library Board Meeting Minutes July 2024 (Minutes), dated July 15, 2024 from Milford District Library. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Lake City Bank hold?

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

What is Milford District Library currently buying?

Explore Milford District Library's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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