Borough of Avalon Council Meeting Agenda April 2026
Avalon Reinvests Sewage Funds in PLGIT CDs
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Description
The Borough of Avalon Council will ratify the reinvestment of sewage surcharge funds into two PLGIT certificates of deposit totaling $440,000. The 180-day accounts earn net yields of 4.05% and 3.97% and mature on September 21, 2026.
Contract Details
Contract Amount
$245,000, 180-day account at 4.05% net yield and $195,000, 180-day account at 3.97% net yield
Vendor
PLGIT
Agency
Borough of Avalon, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
180-day certificates of deposit, maturing September 21, 2026
Renewal Date
2026-09-21
Renewal Info
Single 180-day CD placements maturing September 21, 2026; no renewal terms specified in the agenda.
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Borough of Avalon Council Meeting Agenda April 2026
Borough of Avalon Council Meeting Agenda April 2026
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