HomeMy Public PortalAbout14658 Contract for Bond CounselORDINANCE NO. 14658
WHEREAS, the adoption of Ordinance No 14658 authorizes the Executive
Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter
into a contract with Gilmore & Bell, P.C., whereby Gilmore & Bell, P.C. will serve as Bond
Counsel for the District.
WHEREAS, Gilmore & Bell, P.C. has selected White Coleman & Associates,
LLC to serve as Co-Bond Counsel on this engagement; and
WHEREAS, the District will require Counsel in relation to the issuance of
$900,000,000.00 in bonds (Both Senior and Subordinate SRF District Wastewater System
Revenue Bonds) through the duration of the contract period. It is anticipated that approximately
$75,000,000.00 in subordinate SRF Bonds will be issued in multiple series, with the balance of
authorized debt issued as Senior Bonds, through a combination of negotiated and competitive
bond sales primarily as fixed rate 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 are hereby
authorized on behalf of The Metropolitan St. Louis Sewer District to enter into a contract
agreement with Gilmore & Bell, P.C., whereby Gilmore & Bell, P.C. will serve as Bond
Counsel for the District. The term of this contract is to be limited to the lesser of either the next
Bond authorization as approved by the electorate, or a period of five (5) years.
Section Two. The contract authorized in Section One of this ordinance shall
provide for a fee not to exceed the amount proposed in Request for Proposals (RFP) 6669 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 on May 11, 2017.