06-11-1985 BOMMINUTES
BID OPENING
TUESDAY, JUNE 11, 1985
The bid opening was called to order at 10:30 A.M. Present were: City Adminis-
trator Gary D. Plotz, Finance Director Kenneth B. Merrill, Administrative Sec-
retary Marilyn Swanson, and Financial Consultant Bill Fahey.
The reading of the publication, Notice of Sale, $2,105,000 General Obligation
Bonds, City of Hutchinson, Minnesota, was dispensed with. The following bids
were opened and read:
Northern Trust Company
Cronin & Marcotte, Inc.
First Bank Minneapolis
Norwest Investment Services
NET INTEREST
COST
NET INTEREST
RATE
$1,073,594.25 7.66374
1,062,593.12 7.5852
1,068,793.75 7.6294
1,064,323.75 7.59756
The bids were referred to the Financial Consultant for a recommendation at
the June 11, 1985 City Council meeting.
There being no further business, the meeting adjourned at 10:45 A.M.