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HomeMy Public PortalAbout12595O R D I N A N C E NO. 12595 AN ORDINANCE, authorizing the Executive Director and Secretary- Treasurer on behalf of The Metropolitan St. Louis Sewer District to modify the agreement executed on July 1, 2006 between the District and Black & Veatch Corporation whereby Black & Veatch Corporation will include District Rate Model Support and modeling support in addition to providing support and review for the District's rate model to accommodate the preparation of a long- term funding plan for use in upcoming due diligence discussions with bond rating agencies, and for future anticipated Rate Commission proceedings. 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 modify the agreement executed on July 1, 2006 between the District and Black & Veatch Corporation whereby Black & Veatch Corporation will include District Rate Model Support and expert testimony in addition to providing support and review for the District's rate model to accommodate the preparation of a long-term funding plan for use in upcoming due diligence discussions with bond rating agencies, and future anticipated Rate Commission proceedings. Section Two. The agreement modification authorized in Section One of this Ordinance shall provide for a fee not to exceed Fifty Thousand Dollars ($50,000.00), 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 February 14, 2008.