08-10-1993 BOMMINUTES
BID OPENING
TUESDAY, AUGUST 10, 1993
Finance Director Kenneth B. Merrill called the bid opening to order
at 3:00 P.M. Also present were President Steve Apfelbacher of
Ehlers & Associates and Administrative Secretary Marilyn J.
Swanson.
The following bids were opened for a $1,770,000 General Obligation
Improvement Bonds, Series 1993:
Cronin & Company, Inc.
Dain Bosworth, Inc.
FBS Investment Services, Inc.
Norwest Investment Services, Inc
Piper Jaffray Inc.
Dean Witter Reynolds, Inc.
INTEREST
RATE
$544,412.19 4.9200
540, 938.96 4.8833
542, 952.50
4.9040
544, 946.67
4.9142
564, 458.00
5.0946
546, 416.83
4.9387
The following
bids were opened for
a $580,000 General
Obligation
Water Revenue
Bonds, Series 1993:
Dain Bosworth,
Inc.
$265,020.00
5.1882
FBS Investment
Services, Inc.
265,595.00
5.2024
Norwest Investment
Services, Inc.
275,012.00
5.3836
Piper Jaffray
Inc.
267, 672.50
5.2453
The bids were referred to the Bond Consultant for review and a
recommendation at the August 10, 1993 City Council meeting.
The bid opening adjourned at 3:15 P.M.