City of Anthony Agenda Packet 2026-06-02
$1M Electric Equipment Fund CDAR with Bank of the Plains
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Description
The City approved reinvesting $1,000,000 of Electric Equipment Replacement Fund into a 24-month CDAR with Bank of the Plains at 3.88%.
Contract Details
Contract Amount
$1,000,000
Vendor
BANK OF THE PLAINS
Agency
City of Anthony, KS
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
24 months @ 3.88%
Renewal Date
2028-06-02
Renewal Info
CDAR matures in 24 months; 90-day interest penalty for early withdrawal.
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