Somonauk Public Library District Board Minutes March 10 2026
Library Reinvests $100,000 CD with PMA
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Description
Somonauk Public Library District will reinvest a $100,000 certificate of deposit maturing on March 24, 2026 with PMA for an additional 18 months. Interest rates for the reinvestment will be reported in the April 13, 2026 minutes.
Contract Details
Contract Amount
$100,000
Vendor
PMA
Agency
Somonauk Public Library District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
March 10, 2026
Contract Term
18 months, beginning 2026-03-24 (CD reinvestment)
Renewal Date
2027-09-24
Renewal Info
CD reinvested at maturity for an 18-month term starting March 24, 2026; interest rate to be confirmed in subsequent minutes.
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