04-24-1984 BOMMINUTES
BID OPENING
TUESDAY, APRIL 24, 1984
The bid opening was called to order by City Administrator Gary D. Plotz at
11:30 A.M. Present were: City Administrator Gary D. Plotz, Finance Director
Kenneth B. Merrill, and Bonding Consultant Bill Fahey.
Administrator Plotz dispensed with the reading of Notice of Sale, $2,565,000
General Obligation Bonds, City of Hutchinson, Minnesota. The following bids
were opened and read:
First Natl. Bank of Mpls.
The Northern Trust Company
Cronin & Marcotte, Inc.
NET INTEREST NET INTEREST
COST RATE
$1,955,717.50 8.8374%
1,972,244.50 8.9120%
1,983,892.50 8.9647%
The bids were referred to Consultant Fahey for a recommendation at the City
Council meeting scheduled for this evening.
There being no further business, the meeting adjourned at 11:40 A.M.
N