City Moves to Liquidate Principal Financial Stock Holding

Demorest reviewed a resolution to authorize selling common stock held in an investment account with Principal Financial, opened in 2001 but later determined to be impermissible for a government entity. The measure would empower the city manager to execute the sale and close out the investment position.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Investment account opened December 10, 2001; sale of common stock to occur upon resolution approval

Renewal

Action relates to liquidation of an existing investment account rather than renewal; the account dates back to December 10, 2001.

Document type

Minutes

Source document

Demorest City Council Minutes Work Session 2026-06-02

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Demorest?

Principal Financial was awarded this financial services contract by City of Demorest, as recorded on June 2, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Demorest City Council Minutes Work Session 2026-06-02 (Minutes), dated June 2, 2026 from City of Demorest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Principal Financial hold?

Principal Financial may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Principal Financial's profile

What is City of Demorest currently buying?

Explore City of Demorest's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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City Moves to Liquidate Principal Financial Stock Holding

Scope & details

Related contracts

Frequently asked questions

Who was awarded the financial services contract by City of Demorest?

What type of contract is this?

Where was this contract approved?

What other contracts does Principal Financial hold?

What is City of Demorest currently buying?

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