city_council_special_meeting_agenda_september_24_2.pdf
City Weighs Options for Library CD at Vera Bank
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Description
The City of Florence is considering action on the Florence Public Library’s certificate of deposit held at Vera Bank, which matures on October 1, 2025. Council may authorize the treasurer to liquidate, renew, or reinvest the funds in line with the City’s investment policy.
Contract Details
Vendor
VERA BANK
Agency
City of Florence, TX
Contract Type
FINANCIAL_SERVICES
Document Date
September 24, 2025
Contract Term
Certificate of deposit maturing 10/1/2025; reinvestment or liquidation between 10/1/2025 and 10/10/2025
Renewal Date
2025-10-10
Renewal Info
Options include automatic renewal for a 7‑month term at the then-stated rate, liquidation to the operating account, or liquidation and transfer to the Texas Class investment pool.
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