FINANCIAL_SERVICESONGOING

City Keeps Road Funds Deposited with Austin Bank

The City of Fruitvale council agreed to keep earmarked road improvement funds on deposit with Austin Bank even though the balance exceeds FDIC coverage limits. Members noted the funds are expected to be spent within the year for road upgrades.

Document date · March 11, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Approximately one year (funds expected to be spent within the year)
Renewal
No separate term or renewal specified; decision reflects continuation of existing depository relationship for the newly earmarked road funds.
Document type
Minutes
Source document
city-of-fruitvale-city-council-meeting-minutes-march-11-2025_c04.md

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Fruitvale?

Austin Bank was awarded this financial services contract by City of Fruitvale, as recorded on March 11, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city-of-fruitvale-city-council-meeting-minutes-march-11-2025_c04.md (Minutes), dated March 11, 2025 from City of Fruitvale. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Austin Bank hold?

Austin Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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