07-26-1983 BOMMINUTES
BID OPENING
TUESDAY, JULY 26, 1983
The bid opening was called to order by Alderman Beatty at 3:00 P.M. Present were:
Alderman Ted Beatty, Assistant City Clerk Kenneth B. Merrill, City Attorney James
Schaefer, and Bonding Consultant Bill Fahey.
Alderman Beatty dispensed with reading Publication of Notice of Bond Sale, $950,000
Improvement Bonds of 1983, City of Hutchinson, Minnesota. The following bids were
opened and read:
NET INTEREST
COST
The Northern Trust Company $493,600.00
Dain Bosworth, Inc. 474,937.50
First National Bank of Mpls. 479,262.50
Norwest Securities 475,768.75
Merrill Lynch White Weld 483,637.50
Capital Markets Group
NET INTEREST
RATE
8.3661%
8.0497%
8.123%
8.0638%
8.1972%
The bids were referred to Consultant Fahey for a recommendation at the City Coun-
cil meeting scheduled for this evening.
There being no further business, the meeting adjourned at 3:10 P.M.