HomeMy WebLinkAbout2003-013 - Ratification of the Acceptance of Bids on $27,641,833.21B[LL NO. 2003-13
ORDNANCE NO. 2003-13
AN ORDINANCE RATIFYING TIIE ACCEPTANCE OF BIDS ON $27,641,833.21
BE IT OKI)AINED Bl' TIIE BOARD OF ALDERMEN OF TIIE CITY OF RIVERSIDE,
AHSSOURI, AS FOLLOWS:
SEC"PION 1: The investment of $4,261,240.80 in Federal Rome Loan Mortgage
mmerce Bank at a rate of 1.201 %
ith C
o
Association DIFCOIlnt Notes w
Maturing on April l7, 2003
SECTION 2: The investment of $5,383,260.00 in Federal Aome Loan National Mortgage
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Association Discount Notes with Merrill Lynch at a rate of 1.26
Maturing on Apri19, 2(103.
SECTION 3: The investment of $2,395,034.20 in Federal Aome Loan National Mortgage
'
%
Association Discount Notes with Commerce Bank at a rate of 1.180
Maturing on Apri123, 2003
SECTION 4: The investment of $11,191,805.92 in Federal Home Loan National Mortgage
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Association Discount Notes with Merrill Lynch at a rate of 1.22
Maturing on Apri130, 2003.
SECTION 5: The investment of $507,114.00 in a Certificate of Deposit at Park Bank
With a rate of 1.70%.Maturing January 17, 2003.
SECTION 6: The investment of $2,839,641.83 in Federal Home Loan National Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.181
Maturing on April 30, 2003.
SECTION 7: The investment of $1,063,736.46 in Federal Home Loan National Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.23%
Maturing on AprIl 23, 2003.
PASSED THIS 18TE~ day of February, 2003
I ~ ~ t~ i ~~. ~ t,
Mayor Bett} urch
ATTES '• ~~~~~~~~ ~~
ouise Rusick - Cit Clerk