Investment Board Meeting Agenda May 11, 2026
Investment Board Ratifies CDARS Purchase with Huntington
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Description
The Investment Board is set to ratify the purchase of a $500,000 CDARS investment from Huntington National Bank, maturing in 52 weeks at a 3.5% interest rate on May 7, 2026. This action formalizes the board’s approval of the time-deposit investment.
Contract Details
Contract Amount
$500,000
Vendor
HUNTINGTON NATIONAL BANK
Agency
City of Tallmadge, OH
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Contract Term
52 weeks, maturing May 7, 2026 at 3.5%
Renewal Date
2026-05-07
Renewal Info
Single 52-week CDARS time deposit maturing May 7, 2026; any continuation would require a new purchase or rollover decision.
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