08-13-1991 BOMMINUTES
BID OPENING
TUESDAY, AUGUST 13, 1991
City Administrator Gary D. Plotz called the bid opening to order at
3:00 P.M. Also present were Finance Director Kenneth B. Merrill,
Bond Consultant Bill Fahey and Administrative Secretary Marilyn
Swanson.
The following bids were opened for a $1,550,000 General Obligation
Improvement Bonds of 1991:
INTEREST
RATE
American National Bank & $620,658.00 6.1849
Trust Company of St. Paul
Cronin & Company, Inc. 627,866.00 6.2567
Dain Bosworth, Inc. 624,422.50 6.2224
FBS Investment Services, Inc. 625,560.50 6.2337
Lehman Brothers 635,614.50 6.3339
Norwest Investment Services, Inc. 622,441.25 6.2027
The bids were referred to the Bond Consultant for review and a
recommendation at the August 13, 1991 City Council meeting.
The bid opening adjourned at 3:10 P.M.