HomeMy WebLinkAbout07/19/1984 July 19, 1984
The Council of the City of Waterloo, Iowa, met in Special Session at
City Hall Council Chambers, Waterloo, Iowa at 11:00 a.m. on July 19,
1984. Mayor Bowers in the Chair. Roll call : Getty, Lichty,
Penaluna, Klinger, Seeber, Dowie, and Wright.
86145 - Moved by Klinger, seconded by Wright
that copies of the call of the Special Meeting of July 19, 1984 at
11:00 a.m. be received and placed on file.
Motion carried.
86146 - This being the time and place fixed in the published notice for the
consideration of proposals for the purchase of $8,000,000 Corporate
Purpose Bonds, the Council proceeded accordingly. The Mayor
announced that the time had arrived for the receipt of bids for said
bonds.
Moved by Getty, seconded by Klinger
that the following sealed bids be received, placed on file, but NOT
OPENED and sealed bidding closed:
Name of Bidder
1. Continental Illinois National Bank and Trust Company of Chicago
2. The Northern Trust Company
3. The First National Bank of Chicago
4. Morgan Guaranty Trust Company of New York
Motion carried.
86147 - Moved by Seeber, seconded by Wright
that proof of publication of notice of meeting for the issuance of
$8,000,000 Corporate Purpose Bonds as published in the Waterloo
Courier on July 1 and July 8, 1984 be received and placed on file.
Motion carried.
86148 - Moved by Getty, seconded by Klinger
that Clerk be instructed to open all sealed bids, which were as
follows:
Name of Bidder Net Interest
1. Continental Illinois National Bank and
Trust Company of Chicago 9.758507%
2. The Northern Trust Company 9.77793%
3. The First National Bank of Chicago 9.85835%
4. Morgan Guaranty Trust Company of
New York 9.95304%
Motion carried.
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