City of Novi Robinson Capital Management Agreement April 2026
City authorizes use of American Deposit Management Company
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Description
Robinson Capital Management, LLC is authorized to establish a Deposit Account Agency Agreement with American Deposit Management Company for the City of Novi’s Deposit in Place Program. ADM will allocate municipal funds among insured depository institutions and manage FDIC/NCUA coverage for the City’s cash balances.
Contract Details
Vendor
AMERICAN DEPOSIT MANAGEMENT COMPANY
Agency
City of Novi, MI
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
Renewal Info
Deposit in Place Program participation is governed by a Deposit Account Agency Agreement entered into by Robinson on the City’s behalf; specific term and renewal provisions are not stated in the provided text.
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