The Red Bud City Council held a very brief special meeting on Monday night following their regular committee meetings.
As they had previously discussed, approved was the renewals of a pair of CDs that were coming due on Dec. 20.
During the finance committee meeting, Alderman Rodney Nevois noted that the two CDs were both for the motor fuel tax in the amount of $500,000. After considering at the rates offered, the council opted to invest them both at Buena Vista Bank for a 12 month term with an interest rate of 5.35 percent.
For more from the council meeting, please see this week’s print edition.