Council Reviews Investment of Reserves in MLGIP

The Town Council discussed Resolution 04-25, which would authorize investing certain rainy-day and reserve funds into two accounts of the Maryland Local Government Investment Pool. No action was taken, but the town’s accountant recommended continuing with the MLGIP product after reviewing alternative banking options.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Existing or proposed investment relationship with MLGIP was reviewed under Resolution 04-25; council attorney requested prior contract and resolution dates for verification. No amendment or new authorization was approved at this meeting.

Document type

Meeting Minutes

Source document

town-of-forest-heights-meeting-minutes-2025-03-03_e00.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Forest Heights?

Maryland Local Government Investment Pool was awarded this financial services contract by Town of Forest Heights, as recorded on March 3, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-forest-heights-meeting-minutes-2025-03-03_e00.pdf (Meeting Minutes), dated March 3, 2025 from Town of Forest Heights. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maryland Local Government Investment Pool hold?

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