city-of-evart-council-meeting-minutes-october-20-2025_d88.pdf
City Renews $250K CD with Lake-Osceola State Bank
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Description
The City of Evart Council authorized rolling over $250,000 into an 11‑month certificate of deposit at Lake-Osceola State Bank and directed $8,688.19 in accrued interest to MI Class accounts. The action continues the city’s investment of surplus funds with the bank.
Contract Details
Contract Amount
$250,000 (principal rollover) plus $8,688.19 interest
Vendor
LAKE-OSCEOLA STATE BANK
Agency
Town of Evart, MI
Contract Type
FINANCIAL_SERVICES
Document Date
October 20, 2025
Contract Term
11-month CD
Renewal Info
Existing certificate of deposit at Lake-Osceola State Bank is being renewed by rolling over $250,000 into a new 11‑month CD.
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