Manistee Downtown Development Authority AgendaPacket 2026-05-13
DDA Utilizes Michigan CLASS for Investment of Funds
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Description
The Manistee Downtown Development Authority continues to utilize the Michigan CLASS investment pool for its General Fund, earning a 3.7479% average yield in April 2026 on a balance of $709,889.83. This arrangement supports secure investment of public funds and interest income generation.
Contract Details
Vendor
MICLASS
Agency
City of Manistee, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Renewal Info
Pooled investment account with ongoing participation; no fixed end date or renewal cycle specified.
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