DDA Discusses Choice One Bank CD Renewal
City of KentCity · MI- Disclosed value
- $41,670.00 CD; additional $10,000.00 from DDA Savings Account, for a proposed renewed balance of $51,670.00
- From minutes
- Document date
- Oct 15, 2026
- Term
- 12 months
- Renews
- Free account
The 30-second brief
The Downtown Development Authority discussed renewing its Choice One Bank certificate of deposit when it matures on November 13, 2026. The proposed 12-month renewal would earn 4% at maturity and add $10,000 from the DDA savings account, bringing the balance to approximately $51,670.
Choice One Bank holds this financial services contract with City of Kent. Its other public contracts on record include work for Town of Grand Blanc charter and Town of Egelston.
The renewal date is on record. A free account shows it, with the renewals for every City of Kent contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $41,670.00 CD; additional $10,000.00 from DDA Savings Account, for a proposed renewed balance of $51,670.00
- Document date
- October 15, 2026
- Term
- 12 months
- Renews
- Free account
- Vendor
- Choice One Bank
- Agency
- City of Kent
- Source document
- Village of Kent City Minutes October 15, 2026 (Minutes)
Choice One Bank's other public contracts
More City of Kent contracts
Questions about this contract
Who was awarded the financial services contract by City of Kent?
Choice One Bank was awarded this financial services contract by City of Kent, as recorded on October 15, 2026. The contract value is $41,670.00 CD; additional $10,000.00 from DDA Savings Account, for a proposed renewed balance of $51,670.00.
How much is the Choice One Bank contract with City of Kent worth?
The Choice One Bank contract with City of Kent is valued at $41,670.00 CD; additional $10,000.00 from DDA Savings Account, for a proposed renewed balance of $51,670.00, covering financial services work.
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 Village of Kent City Minutes October 15, 2026 (Minutes), dated October 15, 2026 from City of Kent. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Choice One Bank hold?
Choice One 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.
What is City of Kent currently buying?
Explore City of Kent's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.