11. Bid Award - Sale of Bonds - SID 342C�1
0
Incorporated 1892
Telephone (406) 752-6600
Douglas Rauthe
FAX (406) 752-6639
Mayor
Post Office Box 1997
Zip 59903-1997
Bruce Williams
City Manager
City Council
Members:
Date: October 16, 1995
Gary W. Nystul
Ward I
TO: Bruce Williams
City Manager
C
Cliff Collins
Ward I
From: Amy Robertson
Barbara Moses
Finance Director
Ward II
'
Dale Haarr
RE: SID 342 bond bid-$209,000
Ward II
Jim Atkinson
We received one bid on the Corporate Way SID 342 from D.A. Davidson & Co.
Ward III
The net effective interest rate on the bonds is 6.3401 % sold at a 3% discount;
Lauren Granmo
proceeds of the bonds will net $202,730. A $2,000 bid bond was enclosed. The
Ward III
bonds will be dated November 1, 1995 with the first interest payment due
Pamela B. Kennedy
January 1, 1997. 1 recommend we accept this bid.
Ward IV
M. Duane Larson
Ward IV