HomeMy Public PortalAbout11561O R D I N A N C E NO. 11561
AN ORDINANCE, authorizing the Executive Director and
Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer
District to enter into a contract extension with Public Financial
Management, Inc. whereby Public Financial Management, Inc. will
continue to provide general and transactional professional financial
advisory services to the District from August 31, 2003 to March 1, 2004.
WHEREAS, Ordinance No. 10697, as adopted February 10,
2000, authorized the contract whereby Public Financial Management,
Inc. will provide general and transactional professional financial advisory
services to the District, said contract to terminate on August 31, 2003,
and
WHEREAS, the District contemplates a bond authorization
election to be held in November 2003, and upon a favorable result,
intends to issue debt shortly thereafter, and
WHEREAS, the District desires to extend the contract of
Public Financial Management, Inc. for continuity purposes until the
completion of the natural debt cycle,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Executive Director and Secretary-
Treasurer are hereby authorized on behalf of The Metropolitan St. Louis
Sewer District to enter into a contract extension with Public Financial
Management, Inc., whereby Public Financial Management, Inc. will
continue to provide general and transactional professional financial
advisory services to the District from August 31, 2003 to March 1, 2004.
Section Two. The contract extension authorized in Section
One of this ordinance shall provide for an additional contract term of
August 31, 2003 to March 1, 2004, shall continue all other provisions as
found in the original contract, and shall be comprised of such terms and
conditions as are approved by the office of the General Counsel of the
District.
The foregoing ordinance was adopted August 14, 2003.