City of Anthony City Commission Regular Meeting Agenda 2026-05-19
City Invests $1M Electric Equipment Funds in CDAR
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Description
The City of Anthony proposes to invest $1,000,000 from the Electric Equipment Replacement Fund with Bank of the Plains into a 24‑month CDAR at 3.88% interest. Interest earnings will return to the Electric Equipment Replacement Fund.
Contract Details
Contract Amount
$1,000,000
Vendor
BANK OF THE PLAINS
Agency
City of Anthony, KS
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
24 months @ 3.88%
Renewal Info
24‑month CDAR investment for the Electric Equipment Replacement Fund; no automatic renewal terms are specified.
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