HomeMy WebLinkAbout2004-048 - Ratification of Acceptance of Bids on $16,984,599.08BILL NO. 2004-48
ORDINANCE NO. 2004-48
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $16,984,599.08.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI AS FOLLOWS:
SECTION 1: The investment of $2,000,000 in a Certificate of Deposit at Blue Ridge
Bank with a rate of 1.36% maturing on October 30, 2004.
SECTION 2: The investment of $4,314,067.36 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.016% maturing on July
14, 2004.
SECTION 3: The investment of $2,423,932.43 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.027% maturing on July
28, 2004.
SECTION 4: The investment of $5,454,706.13 in Federal Home Loan Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.22% maturing on October
20, 2004.
SECTION 5: The investment of $614,238.64 in a Certificate of Deposit at Norbank with
a rate of 1.25% maturing on July 28, 2004.
SECTION 6: The investment of $614,090.57 in a Certificate of Deposit at Norbank with
a rate of 1.25% maturing on July 28, 2004.
SECTION 7: The investment of $506,276.94 in a Certificate of Deposit at Norbank with
a rate of 1.25% maturing on July 30, 2004.
SECTION 8: The investment of $521,179.17 in a Certificate of Deposit at Park Bank
with a rate of 1.00% maturing on October 29, 2004.
SECTION 9: The investment of $536,107.84 in a Money Market account at Blue Ridge
Bank.
PASSED THIS 1sT DAY OF JUNE, 2004.
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ity Clerk
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