The Town of Stowe is accepting sealed bids to provide an annual fixed earnings rate on funds deposited to an Insured Cash Sweep {ICS} Money Management Savings Option and short-term earnings rate on Certificate of Deposit Account Registry Service {CDARS} through the Promontory Interfinancial Network.
Bids shall be delivered in a sealed envelope clearly marked, “Banking Services.” Bids must be received at the Town Manager’s Office, 67 Main Street, P.O. Box 730, Stowe, Vermont 05672 by 2 pm on Thursday, August 29, 2024. Bid specifications and form may be obtained at the Town Manager’s Office by calling 802-253-7350 or at www.townofstowevt.org. Questions may be directed to Cindy Fuller, Finance Director at finance@stowevt.gov.
Through its Town Manager, the Town of Stowe reserves the right to split bids, reject any or all bids, in part or whole, to waive any irregularities or informalities therein or to negotiate with any qualified source if doing so is in the best interest of Town. The Town also reserves the right to take factors into consideration other than price in awarding the bid.
Charles M. Safford
Town Manager