City of Alma Commission Meeting Agenda Packet February 2026
$250,000 CDARS Investment Ratified with Huntington Bank
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Description
The City of Alma ratified a $250,000, 2-year CDARS investment with Huntington Bank earning 3.40% interest, to manage public funds securely.
Contract Details
Contract Amount
$250,000
Vendor
HUNTINGTON BANK
Agency
City of Alma, MI
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
2/11/2026 – 2/11/2028 (CDARS, 2 years)
Renewal Date
2028-02-11
Renewal Info
CDARS typically offer renewal options at maturity; city to review options at end of term.
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