HomeMy Public PortalAbout14409 Financial Advisory Services - PFMORDINANCE NO. 14409
AN ORDINANCE, authorizing the Executive Director and Secretary-Treasurer
on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with the financial
advisory firm of Public Financial Management, Inc. (PFM). PFM will provide general and
transactional professional financial advisory services to the District.
WHEREAS, the District requires professional financial advisory assistance in, the
development of its near term and long term strategic and financing plans, the issuance of revenue
bonds and other debt instruments, the development of testimony for the Rate commission
proceedings, the assistance with the investment management of surplus funds, and
WHEREAS, the firm of PFM possess the expertise and experience to provide said
assistance.
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 with
PFM whereby PFM will provide general and transactional professional financial advisory
services to the District.
Section Two. The contract authorized in Section One of this ordinance shall be a
three-year (3) contract and may be renewed at the option of the District for two (2) additional
one year (1) terms and shall be comprised of such terms and conditions as are approved by the
Office of General Counsel of the District.
The foregoing Ordinance was adopted on June 9, 2016