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The bid method is, recommended by the Government F i6nance Of f icers <br />,as an acce,lptiabl,e and fair method to compare proposals. <br />It is part of our, recommendation, that the City pass a si'mila <br />resolution as rn , Prev ious years Permitting all institutions to b <br />depositories in, this way, all. banks may still compete f o <br />I <br />Treasury billor note investments throughout the year,, Withi <br />I <br />those resioiluti,ons we would then use the Bank which meets ou <br />needs and is of' the lowest cost <br />Attached are copies of the b Olds as, submitted. i <br />V <br />We w 3-11 plan to present a detailed analysis of those bids at th <br />W <br />Counicil work session on November 21, 1988* <br />Please let me know,, 10f you need adiditional information at this <br />time , <br />