HomeMy WebLinkAbout1997-091 - Ratification of Acceptance of Bids on $3,634,434.15BILL NO. 97-91
ORDINANCE NO. 97-91
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $3,634,434.15.
BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI, AS FOLLOWS:
SECTION 1: The investment of $496,004.75 in Federal
National Mortgage Association Discount Notes
with Merrill Lynch at a rate of 5.565% for a
period of six months, maturing on January 29,
1998.
SECTION 2: The investment of $500,000.00 in a Certificate
of Deposit with Norbank at a rate of 5.85,
maturing on January 28, 1998.
SECTION 3: The investment of $500,000.00 in a Certificate
of Deposit with Norbank at a rate of 5.85%
maturing on January 28, 1998.
SECTION 4: The investment of $532,835.42 in Federal
National Mortgage Association Discount Notes
with Merrill Lynch at a rate of 5.58, maturing
on February 24, 1998.
SECTION 5: The investment of $800,000.00 in a Certificate
of Deposit with Norbank at a rate of 5.85%,
maturing on January 3, 1998.
SECTION 6: The investment of $805,602.98 in Federal Home
Discount Notes with Commerce Bank at a rate of
5.7%, maturing on January 16, 1998.
PASSED THIS 5TH DAY OF AUGUST, 1997. i
Mayor d Ru e
ATT~ T : ~_~ ~ ~,
Grace Kerner 'ag; City ¢~erk
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APPROVED THIS ~-~ ~ DAY OF AUGUST, 1997. /,
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