HomeMy WebLinkAbout1985-02 - Ratification of Acceptance of Bids on $900,000.00BILL N0. 85-2 ORDINANCE N0. 85-2
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON THE DEPOSIT AND
CREATING AN ADDITIONAL CITY DEPOSITOR.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
Section 1. The investment of $400,000.00 in the First National
Bank of Kansas City, at the rate of 7.75 percent per annum for the
specified time of 90 days is hereby ratified.
Section 2. The investment of $200,000.00 in the United Missouri
Bank at the rate of 7.80 percent per annum for the'specified time of
90 days is hereby ratified.
Section 3. The investment of $300,000.00 in the Landmark K.C.I.
Bank, at the rate of 8.0 percent per annum for the specified time of
90 days is hereby ratified.
Passed thisl7th day of January 1985.
V
Mayor
ATTEST:
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Approved this T-7th day of :January, 1985. !
Mayor