HomeMy WebLinkAbout2003-050 - Ratification of Acceptance of Bids on $15,140,488.57BILL NO. 2003-50 ORDINANCE NO. 2003-50
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $15,140,488.57
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION l : The investment of $11,225,701.51 in Federal Home Loan National Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.19%~.
Maturing on July 30, 2003.
SECTION 2: The investment of $2,847,806.06 in Federal Home Loan National Mortgage
Association Discount Notes with Commerce Bank KC at a rate of 1.138°/u.
Maturing on July 30, 2003.
SECTION 3: The investment of $1,066,981.00 in Federal Home Loan National Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.21 °/~.
Maturing on July 23, 2003.
PASSED THIS 20"' day of May, 2003
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Mayor Bett Burch
ATTEST: .
Loui ~ usick -City Clerk