Kane Borough Minutes Special Council Meeting 2026-05-28
PNC Selected for $10 Million Borough Investment Ladder
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Description
Kane Borough Council approved a contract with PNC for management of a $10 million Treasury investment ladder. The agreement includes a $20,000 annual handling fee and provides for investments over 5, 7, 10, and 20 year timeframes.
Contract Details
Contract Amount
$20,000 annual handling fee
Vendor
PNC
Agency
Borough of Kane, PA
Contract Type
FINANCIAL_SERVICES
Document Date
May 28, 2026
Contract Term
5, 7, 10, and 20 year Treasury investments; annuity fees annual
Renewal Info
Annual handling fee; contract runs concurrent with multi-year investment laddering. Subject to ongoing portfolio management as investments mature or are restructured.
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