City of Hedrick Regular City Council Meeting Agenda February 2, 2026
City Approves CD Investments and Banking Fees with South Ottumwa Savings Bank
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Description
Hedrick City Council approved monthly bank service payments to South Ottumwa Savings Bank, and authorized a CD investment program rolling up to $6,000 per month as per Resolution #9-2026.
Contract Details
Contract Amount
$30.00 (ACH token, January), $10.00 (ACH token, February City Hall), $10.00 (ACH token, Water), $10.00 (ACH token, Sewer)
Vendor
SOUTH OTTUMWA SAVINGS BANK
Agency
City of Hedrick, IA
Contract Type
FINANCIAL_SERVICES
Document Date
February 2, 2026
Contract Term
Monthly/As needed for token services; CD investment program ongoing
Renewal Info
CD investments to roll on ongoing basis, current resolution replaces past provisions; monthly ACH fees billed as needed.
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