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AGENDA ITEM #3.10 <br /> City Of <br /> Pequott <br /> Lakes — <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: August 1, 2017 <br /> Subiect: Library CD Investments <br /> Report: The Library Board has requested the redemption <br /> of Library CD 22467 in the amount of$5,089.53 and the <br /> replacement of Library CD 22450 in the amount of$10,916 <br /> for daily operating purposes. Both of these CDs matured <br /> on July 11, 2017. <br /> Council Action Requested: Council motion redeeming <br /> Library CD 22467 in the amount of$5,089.53 and <br /> replacing CD 22450 in the amount of$10,916 for the <br /> Library's daily operating expenses. <br />