HomeMy WebLinkAbout2002-086 - Ratification of Acceptance of Bids on $12,175,733.75BILL NO. 2002-86 ORDINANCE NO. 2002-86
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $12,175,733.75.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $911,855.92 in a Certificate of Deposit with
Norbank at a rate of 2.75% maturing on Januar}~ 3, 2003.
SECTION 2: The investment of $5,339,199.59 in Federal Home Loan Bank
Discount notes with Merrill Lynch at a rate of 1.73%, maturing
October 9, 2002.
SECTION 3: The investment of $504,798.29 in a Certificate of Deposit with
Farmers Bank at a rate of 2% maturing on October 17, 2002.
SECTION 4: The investment of $4,227,080.20 in Federal Home National Mortgage
Association Discount Notes with Commerce Bank NA at a rate of 1.70%
Maturing on October 17, 2002.
SECTION 5: The investment of $596,471.77 in a Certificate of Deposit with Norbank
at a rate of 2.50% maturing on January 28, 2003.
SECTION 6: The investment of $596,327.98 in a Certificate of Deposit with Norbank at
a rate of 2.50%, maturing on January 28, 2003.
PASSED THIS 6`" DAY OF AUGUST, 2002.
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Mayor Beth Burch
ATTEST:
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Louise Rusick -City Clerk