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CITY OF ST. ANTiiONY <br /> REQUEST FOR CITY COUNCIL ACTION <br /> Date Submitted Type of Action Requested Agenda Item Number <br /> Resolution <br /> April 6, 1983 <br /> Ordinance Reports-9b <br /> Date Action Requested X Formal Action/Motion Title Investment Biddi ag <br /> Other <br /> April 12 , 1983 Informational <br /> April 4, 1983 <br /> TO: Mayor and Councilmen <br /> FROM: Carol B. Johnson, Finance Director <br /> --------------------------------------------------- <br /> SUMMARY DISCUSSION OF SUBJECT: Re-investing $500,000 <br /> 30 days 60 days 90 days <br /> Twin City Federal Savings 9.07% 9.07% 9. 10% <br /> St. Anthony National Bank 8.265% 8.265% 9. 10%* <br /> Had originally bid 8. 375% on the 90 day C. D. , but changed their bid to match Twin <br /> City Federal ' s , as they wanted the investment to stay with them. <br /> Invested $500,000 for 90 days at 9. 10% with St. Anthony National Bank. <br /> FISCAL IMPACT: <br /> ALTERNATIVES : <br /> RECOMMENDATION : <br /> CITY MANAGER' S .REVIEW: COMMENTS : <br /> T <br />