City of Lenox Council Meeting Minutes April 2026
Lenox Council Approves CD Investments With ISSB
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Description
The Lenox City Council approved Resolution 26-11 to invest several reserve funds into 12‑month certificates of deposit at ISSB at a 3.7% APY. The CDs cover Housing Rehab, Equipment Replacement, General Reserve, Highway 49, and Main Street Development funds.
Contract Details
Vendor
ISSB
Agency
City of Lenox city, IA
Contract Type
FINANCIAL_SERVICES
Document Date
April 27, 2026
Contract Term
12 months at 3.7% APY
Renewal Info
Single 12‑month CD placement; no explicit renewal terms stated.
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