City of Hayward Council Meeting Minutes March 2026
City allocates investment funds to Edward Jones
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Description
The Hayward City Council authorized investing $472,240 in city funds with Edward Jones, allocating two certificates of deposit and a money market account at specified interest rates. This action follows legal confirmation that such investments are permissible for the city.
Contract Details
Contract Amount
$472,240 plus any interest accrued
Vendor
EDWARD JONES
Agency
City of Hayward, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Contract Term
One-year certificate of deposit at 3.75%, nine-month certificate of deposit at 3.80%, and ongoing money market account
Renewal Info
CDs will mature at one year and nine months respectively; funds may be reinvested or reallocated upon maturity at council direction. Money market account is ongoing until changed by council action.
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