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REQUEST FOR COiTNCIL ACTON Date:1/25/93 <br />,�mnim� uoip <br />X tem No * m� <br />i ■ <br />Department Approvals Manager Reviewed Agenda Section <br />Reports and <br />Recommendations <br />1t script#. Meeolutf providing for tbs Acceptance of <br />Lcmeet Bid for t Series 19 <br />and Genera.1 Obligation IRe t <br />Series 1593 <br />Background <br />Side were opened at 12:00 Noon on January 25, 1993 for the annual <br />Improvement Bonds Series 19 and General Obligation - Imp rovemen t <br />Refunding Bonds Series 1993. A tabulation of bids and a copy of <br />the proposed resolutions are attached. <br />Staff Meco ti_ <br />Staff i s recommending the low interest cost bid of 5,15675% for <br />the $2,300,000 Improvement Bonds Series 19 submitted by Cronin <br />et.al be accepted. <br />Staff is also recommending the lour interest cost bid of 4.49690% <br />for the $1,975,000 General Obligation Improvement Refunding Bonds <br />Series 1993 submitted by FirStar Bank of Milwaukee be accepted. <br />I AID T <br />Motion to accept the attached resolutions accepting the lowest <br />interest cost of 5.15675% for the $2,300,000 Improvement Bonds <br />Series 19 submitted by Cronin et.al. and the lowest interest cost <br />bid of 4.49690% for the $1,975,000 General Obligation Improvement <br />Refunding Bonds Series 1993 submitted by FirStar Bank of Milwau- <br />kee,. <br />