HomeMy Public PortalAbout12296O R D I N A N C E NO. 12296 AN ORDINANCE, authorizing the Executive Director and Secretary-
Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter into
contracts with A. G. Edwards, Banc of America Securities, Edward Jones, and Stifel
Nicolaus whereby A. G. Edwards, Banc of America Securities, Edward Jones, and
Stifel Nicolaus will serve as Bond Underwriters for the District.
WHEREAS, the District has One Hundred Fourteen Million Two
Hundred Five Thousand Dollars ($114,205,000.00) of debt authorization from the
February, 2004 election available, and
WHEREAS, the District seeks to utilize this debt to fund construction
activity, and
WHEREAS, the District seeks to assemble a financing team to
underwrite the sole of both long-term debt and commercial paper, and
WHEREAS, the District will seek MWBE participation in said
financing team,
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 contracts with A. G. Edwards, Banc of America Securities, Edward Jones, and
Stifel Nicolaus whereby A. G. Edwards, Banc of America Securities, Edward Jones,
and Stifel Nicolaus will serve as Bond Underwriters for the District.
Section Two. A. G. Edwards will serve as Lead Investment Banker for
any long-term debt issued within fiscal year 2006-2007, and Banc of America
Securities will serve as the Lead Investment Banker for any commercial paper
issuance.
Section Three. Upon the selection of MWBE participants in the
financing team, said MWBE participants will be named by Resolution as adopted by
the Board of Trustees.
Section Four. The contracts authorized in Section One of this
ordinance 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 September 14, 2006