Regular Meeting – June 21, 2019
Millheim Borough Council
Minutes of June 21, 2019
Present: Alan Ilgen, Lauralee Snyder, Patty Beckenbaugh, Beth Cowher, Steve Myers
Absent: Robert Zeigler
Public: No attendees
Alan Ilgen Called the meeting to order at 8:34 AM.
Alan Ilgen passed on saying the Pledge of Allegiance.
Alan Ilgen explained that in conversations with Tracy Leitzel and Lisa Farwell, they believe Lisa is capable of handling the duties of the Treasurer. Therefore, Council needs to pass resolutions to remove Tracy’s name as an authorized person for the Mifflinburg Bank & Trust (MB&T) accounts, and the First National Bank (FNB) accounts.
Alan explained that Resolution 2019-3 removes Tracy Leitzel from the MB&T accounts, and adds Lisa Farwell. Authorized signers will be Alan Ilgen, Denise Immel, and Lisa Farwell. We will be using the MB&T resolution form for this purpose. All transactions at MB&T still require two signatures. Beth Cowher made the motion to approve Resolution 2019-3, Patty Beckenbaugh seconded the motion. The motion was unanimously approved.
Alan explained that Resolution 2019-4 removes Tracy Leitzel and former Council member Ed Bowman from the FNB accounts, and adds Lisa Farwell. Authorized signers will be Alan Ilgen, Denise Immel, Lisa Farwell, and Lauralee Snyder. We will be using the FNB resolution form for this purpose. All transactions at FNB still require two signatures. Beth Cowher made the motion to approve Resolution 2019-4, Patty Beckenbaugh seconded the motion. The motion was unanimously approved.
Alan Ilgen explained that we approved the transfer of the money in the MB&T Beautification Fund CD from the current 12-month variable CD yielding 0.35% to a fixed term 12-month CD. When he went to the bank to make this transfer, he learned the 12-month fixed CD was only yielding 0.40%. The bank does have a 15-month CD yielding 2.30%. Alan asked that Council reverse the motion made at the June 11, 2019 Council meeting, and move the money to the 15-month fixed term CD. Patty Beckenbaugh made this motion and Beth Cowher seconded the motion. The motion was unanimously approved.
Having no other business, Beth Cowher made a motion to adjourn. The motion was seconded by Patty Beckenbaugh. The motion was unanimously approved. The meeting adjourned at 8:45 AM.