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FINANCIAL_SERVICESONGOING

Mechanicville City Council Meeting Minutes April 2026

City Uses NYCLASS for $2.5 Million Investment Transfer

$2,500,000 transfer (investment amount, not full contract value)Mechanicville Housing AuthorityNYCLASSApril 8, 2026

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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

Description

Mechanicville maintains an interest-bearing investment relationship with NYCLASS, into which $2.5 million was recently transferred according to the Treasurer’s report. The minutes describe this as an ongoing financial services arrangement.

Contract Details

Contract Amount

$2,500,000 transfer (investment amount, not full contract value)

Vendor

NYCLASS

Agency

Mechanicville Housing Authority, NY

Contract Type

FINANCIAL_SERVICES

Document Date

April 8, 2026

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