Chadds Ford Township Board of Supervisors Workshop Meeting Minutes 2026-04-22
Infrastructure Funds Placed in PLGIT Term Investment
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Description
The Board approved investing $1,700,000 from the Township’s PLGIT Infrastructure Fund into a six-month PLGIT fixed-rate term account. This action seeks to lock in current interest rates for infrastructure-related reserves.
Contract Details
Contract Amount
$1,700,000
Vendor
PLGIT
Agency
Town of Chadds Ford, PA
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
Six (6) months
Renewal Date
2026-10-22
Renewal Info
Six-month fixed-rate investment; the Township will need to decide on renewal or reallocation at maturity.
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