HomeMy WebLinkAbout1995-058 - Ratification of Acceptance of Bids on $2,468,741.19BILL NO. 95 -~S ORDINANCE NO. 95 -~ 8
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE
S 2,468,741.19.
BE IT ORDAINED BY THE BOARD OF ALDERMAN OF THE CITY OF
RIVERSIDE, MISSOURI AS FOLLOWS:
SECTION 1: The investment of S 485,769.94 in a Federal Home
Loan through Commerce Bank maturing January 31, 1996 at the
rate of 5.68% and also the investment. of S 486,061.25 in a
Federal Home Loan maturing January 31, 1996 with a yield of
5.683 :.
SECTION 2: The investment of S 496,910.00 in a Federal Home
Loan through United Missouri Bank maturing on 1-OS-96 with a
yield of 5.463%.
SECTION 3: The investment of S 500,000.00 in a C D from 1st
National Bank of Platte County maturing on January 26, 1996
at the rate of 5.60%.
SECTION 4: The investment of S 500,000.00 in a C D from
Norbank maturing January 26, 1996 at a rate of 6.00%.
PASSED THIS _/~~ DAY OF
__, 1995.
ff i P
MAYOR
ATT ST:
City Clerk
PASSED THIS /~ r DAY OF
1995.
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MAYOR