City of Iowa City Council Formal Agenda February 17 2026
Bankers Trust Depository Cap Raised by Council
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Description
City Council approved an increase in maximum authorized deposits at Bankers Trust to $75 million, allowing the City to accommodate larger investment balances.
Contract Details
Contract Amount
Not to exceed $75,000,000 (deposit cap)
Vendor
BANKERS TRUST
Agency
City of Iowa, IA
Contract Type
FINANCIAL_SERVICES
Document Date
February 17, 2026
Contract Term
Open-ended; subject to revision by Council resolution
Renewal Info
Limits may be changed by subsequent resolutions as needed.
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