HomeMy Public PortalAbout14659 Contract for Bond Disclosure CounselORDINANCE NO. 14659
WHEREAS, the adoption of Ordinance No 14659 authorizes the Executive
Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter
into a contract with Armstrong Teasdale LLP, whereby Armstrong Teasdale LLP will serve as
Bond Disclosure Counsel for the District.
WHEREAS, the District will require Disclosure 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 Armstrong Teasdale LLC whereby Armstrong Teasdale LLC will serve as Bond
Disclosure 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.