Marble Valley Regional Transit District Board of Commissioners Minutes 2026-05-12
MVRTD Renews CDAR Investment With Community Bank
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Description
The MVRTD Board authorized Community Bank to roll over the principal from its existing CDAR for six months at a 3.15% interest rate while depositing the earned interest into the main MVRTD account. This action is intended to maintain investment income while preserving liquidity.
Contract Details
Vendor
COMMUNITY BANK
Agency
Marble Valley Regional Transit District, VT
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Contract Term
6 months at 3.15% interest
Renewal Info
Existing CDAR principal is rolled over into a new six‑month term with Community Bank at 3.15% interest; interest earned to date will be deposited into the district’s main operating account.
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