downtown_development_authority_meeting_minutes_oct.pdf
DDA Invests $15,000 CD with ChoiceOne
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Description
The Downtown Development Authority approved investing $15,000 in a one-year certificate of deposit with ChoiceOne. This action reallocates DDA funds into an interest-bearing financial product.
Contract Details
Contract Amount
Fifteen Thousand ($15,000)
Vendor
CHOICEONE
Agency
City of Kent, MI
Contract Type
FINANCIAL_SERVICES
Document Date
October 16, 2025
Contract Term
one-year certificate of deposit
Renewal Info
One-year CD; renewal or rollover terms not specified and would depend on future DDA action or bank options at maturity.
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