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REQUEST FOR COUNCIL ACTION Date :1/25/93 HIV Item Nc �: i dll Department Approval: Manager Reviewed Agenda Section Reports and Recommendations Its Dencriptioax: Resolution Pr id-1- fo3r the Accepts-name of lat Bid for I t Series 2.9 ,.' Gone=1 ligation Rehinniq 4 t Bonds Series 1993 NNNNNNNNN - Bids were opened at 12:00 Noon on January 25, 1993 for the annual Improvement Bonds Series 19 and General Obligation Improvement Refunding Bonds Series 1993.- A tabulation of bids and a copy of the proposed resolutions are attached. staff Roe ti Staff is recommending the low interest cost bid of 5.15675% for the $2,300, 0 o 0 Improvement Bonds Series 19 submitted by Cronin et.al be accepted. Staff is also recommending the low interest cost }yid of 4.49690% for the $1,975,000 General Obligation Improvement Refunding Bonds Series 1993 submitted by FirStar Bank of Milwaukee be accepted. IL A=I Motion to accept the attached resolutions accepting the lowest interest cost of 5.15675% for the $2,300,000 Improvement Bonds Series 19 submitted by Cronin et.al. and the lowest interest cost bid of 4.49690% for the $1,975,000 General obligation Improvement Refunding Bonds Series 1993 submitted by FirS tar Bank of - Milwau- kee.