HomeMy WebLinkAbout2005-046 - Ratification of Acceptance of Bids on $4,741,545.44BILL NO. 2005-46
ORDINANCE NO. 2005-46
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $4,741,545.44.
BE Tf ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI AS FOLLOWS:
SECTION 1: The investment of $1,968,827.78 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of 3.193% maturing on
October 26, 2005.
SECTION 2: The investment of $622,787.02 in a Certificate of Deposit at Norbank with
a rate of 2% maturing on October 28, 2005.
SECTION 3: The investment of $622,626.90 in a Certificate of Deposit at Norbank with
a rate of 2% maturing on October 28, 2005.
SECTION 4: The investment of $1,000,000.00 in a Certificate of Deposit at Norbank
with a rate of 2% maturing on October 28, 2005.
SECTION 5: The investment of $527,303.74 in a Certificate of Deposit at Park Bank
with a rate of 1.35% maturing on October 28, 2005.
PASSED THIS 7th DAY OF JUNE, 2005.
Mayor
A ES .
City Clerk
R. .. , ~ n Zi~ l .