HomeMy WebLinkAbout1996-034 - Ratification of Acceptance of Bids on $3,120,000.00BILL NO. 96-34 ORDINANCE NO. `>i ~~'~t"
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $3,120,000.00.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION l: The investment of $500,000.00 in a Fannie Mae
Discount Note at a rate of 5.285% with
Commerce Bank for six months until September,
24, 1996.
SECTION 2. The investment of $500,000.00 in a Fannie
Mae with United Missouri Bank at a rate of
5.334% for six months until October 30, 1996.
SECTION 3. The investment of $500,000.00 in a Fannie Mae
with United Missouri Bank at a rate of 5.200
for six months.
SECTION 4. The investment of $1,620,000.00 in a Treasury
Bill with Boatman's Bank at a rate of 5.6660
for six months.
PASSED THIS 9th DAY OF APRIL, 1996.
Mayor Ed Rule
ATTEST:
i ~
.,
iS.rl.Cli'i' < ~h_t~~
Grace Kemerling, City~~lerk
APPROVED THIS % ~ DAY OF APRIL, 1996.
Mayor Rule