City of Milaca Council Meeting Agenda April 16, 2026
Council approves $50,000 CD with First National Bank
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Description
The Milaca City Council approved a 6‑month $50,000 certificate of deposit at First National Bank for the Deputy Registrar account. The move is intended to maintain balances below FDIC insurance limits while earning interest.
Contract Details
Contract Amount
$50,000
Vendor
FIRST NATIONAL BANK
Agency
Town of Milaca, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 16, 2026
Contract Term
6 months
Renewal Info
Single 6‑month CD; no renewal terms described.
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