HomeMy WebLinkAbout1995-032 - Ratification of Acceptance of Bids on $6,500,000.00RILL NO. 95 - ~~
oxt;IraAkv~~~ Nib. 95 -~~
AN ORDINANCE. RATII~'YING THE ACCEPTANCE OF' P.IP:~ ON THL~
S 6,5[~G,O00.G0.
BE IT ORDAINED BY THE BOARD OF Ak.DERMHN Ok~ THE ~~ITY OF
RIVERSIDE, MISSOURI ,9S FOLLOWS:
SECTION L: The investment of 1,0=14,446.~t in s Fannies Ms-•
t.h.r.ough Roatrnar,' ~ P.ar,l: maturing OctoL;ei 20, 1995 at the rate
~'~f 5.993'o and a]-s.., the investment of :~ 1,019.413.4iJ .in a
Federal Home Loan maturinq Octc~L,er 24, 1995 with a yield ot_
5 . 9 3 E•'> .
SECTION l: The investment of T 2, 045,304.2'i in a Federal
Home Loan t.hrouq_ h United Mi=.aour] Bar-, )z maturinq on 10-4-_35
with a yield o£ 5.99',
SECTION 3: The investment. of S 502,'367.03 in -s Fannie Maa
through Mary. 'Cwain Bank maturinq_ on OctoLF•r 20, 1'395 with a
of 5.9 ~.
SECTION 4: The inve=t.ment o£ S 2,053,604.80 in .~ Fannie
Mae througt, Commerce Benk maturinq_ NovemLer 14, 1`_?95 at a
yield of 6.015%.
PASSED THIS _~_~1, UAY OF ~~:~ ___
ATTEST:
~ L
L ~ .j 1 r i
-• .
City ~~ t e r It --_ ~ ,/
7 ~ 9 `~, .
MAYOR
PASSED THIS l/•-C:~ir GAY OF ~~ /!L'G- 1995.
- ~`3 _ -
MAYOR