HomeMy WebLinkAbout2003-047 - Ratification of Acceptance of Bids on $17,240,449.80BILL NO. 2003-47
ORDINANCE NO. 2003-47
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $17,240,449.80
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $2,000.000.00 in a Certificate of Deposit with
Blue Ridge Bank at a rate of 1.80%.Maturing on April 30, 2004.
SECTION 2: The investment of $4,273,731.33 in Federal Home Loan National Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.164%.
Maturing on July 16, 2003.
SECTION 3: The investment of $2,401,030.51 in Federal Home Loan National Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.164%.
Maturing on July 23, 2003.
SECTION 4: The investment of $5,399,258.90 in Federal Home Loan National Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.16%.
Maturing on July 9, 2003.
SECTION 5: The investment of 927,916.36 in a Certificate of Deposit with Norbank at a
rate of 1.50%. Maturing on July 2, 2003.
SECTION 6: The investment of $606,222.88 in a Certificate of Deposit with Norbank at a
rate of 1.40%. Maturing on July 28, 2003.
SECTION 7: The investment of $606,076.74 in a Certificate of Deposit with Norbank at a
rate of 1.50%. Maturing on July 28, 2003.
SECTION 8: The investment of $510,774.26 in a Certificate of Deposit with Park Bank at
a rate of 1.00%. Maturing on July 17, 2003.
SECTION 9: The investment of $515,438.82 in a Certificate of Deposit with Park Bank at
A rate of 1.15%. Maturing on October 17, 2003.
PASSED THIS 6T° day of May, 2003
Mayor B tty Burch
ATTEST: ~~
Laui'se Rusick -City Clerk