You won't ever get that low of a rate in your lifetime, probably....You can at the moment earn a higher return putting money in a savings account, or even buying US treasuries. 

One of the other board members brought on her friend to be the treasury.

For example how many of you know that what the Japanese are doing with their interest rates could have a significant impact on our banking industry because they stop buying Treasuries.

Cash is the ultimate liquid asset.and(things that can be converted to cash--constantly quick)Treasury bills and treasury bonds.Certificates of deposit.Bonds.Stocks.Exchange traded funds (ETFs).Mutual funds.Money market funds.Thinking otherwise could be useful (personally), but "Liquid Asset" is a defined thing.Like a steel I-Beam is a defined thing vs a 2x4 (another defined thing), an I beam could be 2" x 4" but most would spec a Steel I-Beam vs calling it just a 2x4.https://www.wallstreetprep.com/knowledge/cash-equivalents/Is this the Creativity of a top Architect bouncing against the rigidity of Accounting definitions.

Your county's treasury or tax website should have the owner and mailing address.

If U.S Treasuries give us any indication of where future interest rates will be; the 2-30 year Treasuries are all less than the 1-year Treasury.

I mean 10 year treasuries are now paying less than 7/10ths of a percent annual right now!

The property didn't change at all...so you can't say the property was a bad deal, only that they got a bad deal (at least as you define it).Family offices are looking for parking places for boatloads of capital and they can't put it all in treasuries at 1.8%.

Even US treasuries are paying more than 3 right now!

The Fed Chairman, The Treasury Sec, Warren Buffet - who has a direct line to President Biden and so many others have expressed reservations about Crypto.