FINANCIAL_SERVICESRATIFIED

Council to ratify PLGIT general fund CD reinvestment

Avalon Borough Council plans to ratify reinvestment of General Funds into two 180-day PLGIT certificates of deposit totaling $367,170.85, with yields of 4.100% and 4.000%, maturing December 23, 2026. The action formalizes short‑term investment of surplus general fund cash with specified net yields.

Status
RATIFIED
Document date
July 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
PLGIT
Agency
Borough of Avalon · PA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$244,000.00 at 4.100% net yield and $123,170.85 at 4.000% net yield
Contract type
FINANCIAL_SERVICES
Contract term
Two 180-day certificate of deposit accounts, maturing December 23, 2026
Renewal date
2026-12-23
Renewal
Single 180-day investment term for each CD, maturing December 23, 2026; any rollover or renewal would require future action.
Document type
Agenda
Source document
Borough of Avalon Council Meeting Agenda 2026-07-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Avalon?

PLGIT was awarded this financial services contract by Borough of Avalon, as recorded on July 21, 2026. The contract value is $244,000.00 at 4.100% net yield and $123,170.85 at 4.000% net yield.

How much is the PLGIT contract with Borough of Avalon worth?

The PLGIT contract with Borough of Avalon is valued at $244,000.00 at 4.100% net yield and $123,170.85 at 4.000% net yield, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Borough of Avalon Council Meeting Agenda 2026-07-21 (Agenda), dated July 21, 2026 from Borough of Avalon. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PLGIT hold?

PLGIT may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Borough of Avalon currently buying?

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