HomeMy Public PortalAbout13382ORDINANCE NO. 13382
AN ORDINANCE, authorizing the Executive Director and Secretary-Treasurer
on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with Raftelis
Financial Consultants, Inc. and whereby Raftelis Financial Consultants Inc. will provide rate
design software, training and support services; rate proposal preparation and expert testimony for
anticipated future rate commission proceedings, and preparation of financial feasibility studies as
needed for the issuance of District bonds, with an emergency clause.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Executive Director and Secretary-Treasurer, on behalf of The
Metropolitan St. Louis Sewer District, are hereby authorized to enter into a contract with Raftelis
Financial Consultants Inc. whereby Raftelis Financial Consultants, Inc. provides rate design
software, training and support services; rate proposal preparation and expert testimony for
anticipated future rate commission proceedings, and preparation of financial feasibility studies as
needed for the issuance of District bonds.
Section Two. The contract authorized in Section One of this ordinance shall
provide for an initial term of one (1) year and may be renewed for four (4) additional one-year
terms at the District’s option unless otherwise terminated; a fee not to exceed $799,740 and shall
be comprised of such other terms and conditions as are approved by the office of the General
Counsel of the District.
The foregoing Ordinance was adopted March 8, 2012.