Cook City Council Meeting Minutes March 2026
Council Approves CD Investments With Park State Bank
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Description
The Cook City Council approved purchasing three certificates of deposit from Park State Bank totaling $1.25 million, with terms of three, six, and nine months, following recommendations from the Finance Committee. The separate investment proposal from Ehlers was tabled for now.
Contract Details
Contract Amount
3 month CD $500,000.00; 6 month CD $500,000.00; 9 month CD $250,000.00
Vendor
PARK STATE BANK
Agency
City of Cook, MN
Contract Type
FINANCIAL_SERVICES
Document Date
March 25, 2026
Contract Term
3-month, 6-month, and 9-month certificates of deposit
Renewal Info
Short-term CDs; future reinvestment or rollover decisions will be required at each maturity date.
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