RMTD Adopts Investment Policy with Sauk Valley Bank
Reagan Mass Transit DistrictSpecial District · Dixon, IL- Disclosed value
- $25,000 initial investment; six months of operating expenses retained
- From minutes
- Document date
- Oct 15, 2025
The 30-second brief
RMTD discussed investment services with Sauk Valley Investment Services, affiliated with Sauk Valley Bank. The Board adopted a 50/50 equity-to-cash policy and authorized an initial $25,000 investment while retaining six months of operating expenses.
Sauk Valley Investment Services (Sauk Valley Bank) holds this financial services contract with Reagan Mass Transit District.
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Contract details
- Contract type
- Financial Services
- Amount
- $25,000 initial investment; six months of operating expenses retained
- Document date
- October 15, 2025
- Vendor
- Sauk Valley Investment Services (Sauk Valley Bank)
- Source document
- Reagan Mass Transit District Minutes Governing Board Meeting October 15, 2025 (Minutes)
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Questions about this contract
Who was awarded the financial services contract by Reagan Mass Transit District?
Sauk Valley Investment Services (Sauk Valley Bank) was awarded this financial services contract by Reagan Mass Transit District, as recorded on October 15, 2025. The contract value is $25,000 initial investment; six months of operating expenses retained.
How much is the Sauk Valley Investment Services (Sauk Valley Bank) contract with Reagan Mass Transit District worth?
The Sauk Valley Investment Services (Sauk Valley Bank) contract with Reagan Mass Transit District is valued at $25,000 initial investment; six months of operating expenses retained, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Reagan Mass Transit District Minutes Governing Board Meeting October 15, 2025 (Minutes), dated October 15, 2025 from Reagan Mass Transit District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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