HomeMy Public PortalAbout14636 Investment Banking Services ($900M Underwriter Pool)ORDINANCE NO. 14636
WHEREAS, the adoption of ORDINANCE No. 14636 will designate a pool of
underwriting firms for Nine Hundred Million Dollars ($900,000,000.00) principal amount of
Wastewater System Revenue Bonds of The Metropolitan St. Louis Sewer District, approved by
the voters on April 5, 2016.
WHEREAS, in order to fund improvements to meet federal and state clean water
laws and regulations and as set forth in a Consent Decree with the United States Environmental
Protection Agency and the Coalition for the Environment, The Metropolitan St. Louis Sewer
District (the “District”) submitted to the voters of the District on April 5, 2016 a proposition to
issue Nine Hundred Million Dollars ($900,000,000.00) principal amount of sewer revenue bonds
(the “Bonds”), which proposition was approved by more than a majority of the voters voting
thereon; and
WHEREAS, the District seeks to assemble a pool of qualified national, regional
and MWBE underwriting firms (the “Underwriting Pool”) to execute and provide the lowest cost
of finance for the Bonds; and
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT that the firms of Bank of America
Merrill Lynch, Backstrom McCarley Berry & Co., Barclays, Citigroup Global Markets Inc.,
Fidelity Investments, Fifth Third Securities, FTN Financial Capital Markets, Loop Capital
Markets, Morgan Stanley, Raymond James, RBC Capital Markets, Siebert Cisneros Shank & Co,
LLC, Stern Brothers & Co., US Bancorp, and Wells Fargo Securities are hereby designated as
members of the Underwriting Pool from which the underwriters of each particular series of
Bonds issued from time to time will be chosen.
The foregoing ordinance was adopted on April 13, 2017.