8.6 Awd T-NoteAGENDA SECTION:
NO. 8
CITY OF SALINA
REgU ES T FOR COMN I S S I ON ACT I ON DATE
11/6/1989
Administration ORIGI NATI NG DEPARTMENT:
Department of Finance
TIME
4:00 P.M.
APPROVED FOR
AGENDA:
BY: Robert K. Biles ~ BY: ~~
Resolution Number 89-4136, authorizing and directing the issuance of a Municipal
Temporary Note, Series PT-102 of the City of Salina, Kansas, in an aggregate
principal amount of $480,000 for the purpose of providing funds to pay the
construction costs of storm water drains and sewers.
Bids were received on November 2, 1989 for Temporary Note 1, Series PT-102,
dated November 1, 1989 in the amount of $480,000. The bids were as follows:
Bank IV, Salina
First Bank and Trust ComPany,
National Bank of America at Salina
6.60%
7.OO%
7.540%
Recommended action
Staff rec~)mmends that Resolution Number 89-4136 be adopted and the Iow bid of
Bank IV be accepted.
C0{V~IlSSION ACTION
NOTION BY
SECOND BY