town-of-luxemburg-council-minutes-ambulance-radios-sealcoat-engineering-apr-1-2024_055.md
Council OKs $70K Fire Truck CD Purchase from Profinium
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Description
A $70,000 six-month certificate of deposit for the fire department truck fund will be purchased from Profinium at a 5.05% interest rate, as authorized by the city council.
Contract Details
Contract Amount
Certificate of deposit: $70,000 for 6 months at 5.05% interest
Vendor
PROFINIUM
Agency
Town of Luxemburg, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 1, 2024
Contract Term
6 months
Renewal Date
2024-10-01
Renewal Info
Six-month CD; will mature after six months and may be renewed or reinvested based on council decision at that time.
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