HomeMy WebLinkAbout2004-104 - Ratification of Acceptance of Bids on $14,086,583.40BILL NO. 2004-104
ORDINANCE NO. 2004-104
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $14,086,583.40.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI AS FOLLOWS:
SECTION 1: The investment of $1,500,000 in a Certificate of Deposit at Bluc Ridge
Bank with a rate of 2.97% maturing on January 30, 2006.
SECTION 2: The investment of $4,339,527.38 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.904% maturing on
January 17, 2005.
SECTION 3: The investment of $5,487,238.72 in Federal Home Loan Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.96% maturing on January
19, 2005.
SECTION 4: The investment of $618,094.18 in a Certificate of Deposit at Norbank with
a rate of 1.5% maturing on January 28, 2005.
SECTION 5: The investment of $617,945.19 in a Certificate of Deposit at Norbank with
a rate of 1.5 % maturing on January 28, 2005.
SECTION 6: The investment of $523,777.93 in a Certificate of Deposit at Park Bank
with a rate of 1.35% maturing on April 29, 2005.
SECTION 7: The investment of $1,000,000.00 in Federal Home Loan Mortgage
Association Discount Notes with UBS Financial Services, Inc. at a rate of 1.72%
maturing on November 8, 2004 and then again on December 8, 2004.
PASSED THIS 7th DAY OF DECEMBER, 2004.
~Cr ,'~
Mayor
AT ~ EST: i
,J `~
City Clerk