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An independent project organizing public records from the City of Nowthen, Minnesota. Not an official city site. Documents and votes are sourced from cityofnowthen.gov; interpretations are AI-extracted and may need correction.

Home/Money/Clusters/$250,000

Cluster · transfer · no year

$250,000

Verified

Investment of combined CDs into higher interest rate account.

Not promoted to the official baseline.

This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.

Corroboration

1docs

Consensus

0%

Votes attached

0

Date range

2019-03-12 — 2019-03-12

Every document that mentions this number (1)

Meeting City Council Meeting — Minutes (2019-03-12)Mar 12, 2019p.2raw: $250,000
PDF →Auto-extracted
Investment of combined CDs into higher interest rate account.
Suggestion last month was to combine 2 CDs to get a higher rate of interest. City will add funds to arrive at $250,000 mark to qualify for the next level of better interest. Breyen made the motion to authorize Deputy Clerk & Mayor to invest $250,000 in best interest rate up to 24 months with the appropriate 4M Funds or where the best investment would be; Rainville 2nd. Motion Carried.
Reasoning: Explicitly a transfer/investment action, not an expense or revenue.