Shaker Pines Lake Association Meeting Minutes March 2026
Association Invests $250,000 in Six-Month CD at Beacon Bank
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Description
The Shaker Pines Lake Association approved placing $250,000 into a six-month CD at Beacon Bank at a 3.7% rate. The move aims to earn interest while preserving liquidity for spillway repairs and tree removal expenses.
Contract Details
Contract Amount
$250,000 (principal deposit)
Vendor
BEACON BANK
Agency
Shaker Pines Lake Association Inc/Tax District, CT
Contract Type
FINANCIAL_SERVICES
Document Date
March 3, 2026
Contract Term
Six-month CD
Renewal Info
Six-month CD with potential to roll over or be redeemed at maturity depending on project funding needs.
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APPROVEDIssuing Agency
Shaker Pines Lake Association Inc/Tax District
Special District
Enfield, CT
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