HomeMy Public PortalAbout14657 District Rate Model Support, Feasibility Study & Rate Commission Proceedings - RaftelisORDINANCE NO. 14657
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., 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
and as needed for the issuance of District bonds.
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, on behalf of The
Board of Trustees 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. 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 and as needed for the issuance of District bonds.
Section Two. The contract authorized in Section One of this ordinance shall be a
one (1) year contract and may be renewed at the option of the District for four (4) additional one-
year terms. The contract authorized in Section One of this Ordinance shall provide for an average
annual total fee of One Hundred Seventy-Six Thousand Four Hundred Eighty Dollars
($176,480.00), and 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 on May 11, 2017.