HomeMy Public PortalAboutR3540 - ST Banking ServicesRESOLUTION NO. 3540
WHEREAS, Resolution No. 3540 will exercise option year three (3) of the
contract previously authorized by Ordinance No. 14190, adopted August 13, 2015, which
authorized the Executive Director and Secretary-Treasurer on behalf of The Metropolitan
St. Louis Sewer District to enter into a contract with US Bank N.A., whereby US Bank N.A.
would provide deposit and safekeeping services to the District.
WHEREAS, said contract provided for an initial term of two (2) years with three
(3) additional one-year renewal terms at the option of the District; and
WHEREAS, The Metropolitan St. Louis Sewer District desires to exercise its
second (3rd) of the three (3) option years to renew said contract for an additional one-year term.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT THAT, the Executive Director and
Secretary-Treasurer are hereby authorized on behalf of The Metropolitan St. Louis Sewer
District to exercise the District's option to renew for the third one-year renewal term the contract
with US Bank N.A., whereby US Bank N.A. would provide deposit and safekeeping services to
the District, and said contract renewal shall be comprised of such other terms and conditions as
are approved by the Office of the General Counsel of the District.
The foregoing Resolution was adopted on September 12, 2019.