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Home My Public Portal About11685O R D I N A N C E NO. 11685 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. (PFM) whereby Public Financial Management, Inc. (PFM) will continue to provide general and transactional professional financial advisory services to the District from March 1, 2004 to December 31, 2004. WHEREAS, Ordinance No. 10697, as adopted February 10, 2000, authorized the contract whereby Public Financial Management, Inc. (PFM) will provide general and transactional professional financial advisory services to the District, said contract to terminate on August 31, 2003, and WHEREAS, Ordinance No. 11561, as adopted August 14, 2003, extended the term of said contract through March 1, 2004, and WHEREAS, the District called for a bond authorization election which was held on February 3, 2004, and having received a favorable result, intends to issue debt by the end of 2004, and WHEREAS, the District desires to further extend the contract of Public Financial Management, Inc. (PFM) 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., (PFM) whereby Public Financial Management, Inc. (PFM) will continue to provide general and transactional professional financial advisory services to the District from March 1, 2004 to December 31, 2004. Section Two. The contract extension authorized in Section One of this ordinance shall provide for an additional contract term of March 1, 2004 to December 31, 2004, and 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 February 12, 2004.