City of Lincoln Regular City Council Meeting Agenda May 2026
Sewer Fund CDs Renewed with United Community Bank
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Description
The City of Lincoln plans to renew two Sewer O&M Fund certificates of deposit with United Community Bank for a 12‑month term at a 3.60% interest rate. This action maintains the city’s investment relationship with the bank while securing a defined return on reserve funds.
Contract Details
Vendor
UNITED COMMUNITY BANK
Agency
Town of Lincoln, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Twelve-month term at 3.60% interest
Renewal Info
Renewal of two existing certificates of deposit in the Sewer O&M Fund for an additional 12‑month term at 3.60% interest.
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