Trappe Borough Council Meeting Minutes March 2026
Borough Invests $1.5M With PLGIT Prime & CD
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Description
Trappe Borough moved $1.5 million into PLGIT Prime, including placing $500,000 in a six-month yield CD, to manage municipal investments and enhance returns. The remaining funds stay in the PLGIT Prime account for liquidity and earnings.
Contract Details
Contract Amount
$1,500,000.00
Vendor
PLGIT PRIME
Agency
Borough of Trappe, PA
Contract Type
FINANCIAL_SERVICES
Document Date
March 3, 2026
Contract Term
6 months for $500,000 CD; remaining $1,000,000 in PLGIT Prime
Renewal Info
Includes a 6-month yield certificate of deposit for $500,000; renewal of the CD will depend on future Council investment decisions at maturity.
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