HomeMy WebLinkAbout1999 - 90 - Ratification of Acceptance of Bids on $3,096,507.99BILL NO. 99-90
ORDINANCE NO. 99-~
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $3,096,507.99.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $1,001,099.73 Federal
Home National Mortgage Assoc. Discount Notes
with Merrill Lynch at a rate of 5.96 % for a
period of seven months, maturing on June 11,
2000.
SECTION 2: The investment of $2,095,408.26 in Federal
Home National Mortgage Assoc. Discount Notes
with Commerce Bank at a rate of 5.7350 for a
period of six months, maturing on May 17,
2000.
PASSED THIS 4TH DAY OF DECEMBER, 1999.
i
Mayor Ed Rule
AT E
L ise Rusick, City Clerk