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District Reports $800,000 Veritex Debt Service CD

THE LAKES FWSD OF DENTON COUNTY
Disclosed value
$800,000.00
From minutes
Document date
Feb 25, 2025

The 30-second brief

What it covers

The District reported an $800,000 certificate of deposit with Veritex. The investment was purchased August 22, 2024, at 5.11% and was due February 21, 2025.

Who holds it

VERITEX holds this financial services contract with THE LAKES FWSD OF DENTON COUNTY. Its other public contracts on record include work for Ace Leadership High School and Magnolia Pointe Mud 1.

What happens next

Term as filed: Purchased 2024-08-22; due 2025-02-21; 5.11%.

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Contract details

Contract type
Financial Services
Amount
$800,000.00
Document date
February 25, 2025
Term
Purchased 2024-08-22; due 2025-02-21; 5.11%
Vendor
VERITEX
Agency
THE LAKES FWSD OF DENTON COUNTY
Source document
The Lakes Fresh Water Supply District of Denton County Minutes Board of Directors Meeting 2025-02-25 (Minutes)

VERITEX's other public contracts

Ace Leadership High School, New MexicoBoard Renews Veritex Business Manager Contract · Jun 24, 2026Magnolia Pointe Mud 1, TexasDistrict Holds $245K Veritex CD at 4.15 Percent · Feb 2, 2026$245KPonderosa Forest Utility District, TexasDistrict Transfers CD Previously Held at Veritex · Nov 20, 2025UndisclosedTHE LAKES FWSD OF DENTON COUNTY, TexasDistrict Reports Veritex Road Debt CD · Mar 18, 2025$450KPalmer Plantation Mud 1, TexasVeritex CD Investment Approved for Palmer Plantation · Feb 19, 2025UndisclosedAll VERITEX contractsVendor profile

More THE LAKES FWSD OF DENTON COUNTY contracts

Upper Trinity Regional Water District ("Utrwd")Water Storage Lake Lease Considered with UTRWD · Oct 20, 2026UndisclosedUpper Trinity Regional Water District ("Utrwd")Lake Storage Agreement Considered with Upper Trinity Regional · Oct 20, 2026UndisclosedD.R. Horton – Texas LtdLake Storage Agreement Considered with D.R. Horton · Oct 20, 2026UndisclosedCity of AubreySecurity Services Payment to City of Aubrey · Aug 18, 2026$124.3KDr HortonSurplus Series 2025 Funds to D.R. Horton · Aug 18, 2026$149.4KAll THE LAKES FWSD OF DENTON COUNTY activityAgency profile

Questions about this contract

Who was awarded the financial services contract by THE LAKES FWSD OF DENTON COUNTY?

VERITEX was awarded this financial services contract by THE LAKES FWSD OF DENTON COUNTY, as recorded on February 25, 2025. The contract value is $800,000.00.

How much is the VERITEX contract with THE LAKES FWSD OF DENTON COUNTY worth?

The VERITEX contract with THE LAKES FWSD OF DENTON COUNTY is valued at $800,000.00, 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 The Lakes Fresh Water Supply District of Denton County Minutes Board of Directors Meeting 2025-02-25 (Minutes), dated February 25, 2025 from THE LAKES FWSD OF DENTON COUNTY. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does VERITEX hold?

VERITEX may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is THE LAKES FWSD OF DENTON COUNTY currently buying?

Explore THE LAKES FWSD OF DENTON COUNTY's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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