HomeMy Public PortalAboutR3594 ST Financial Advisory Services Resolution-PFM 042220 RESRESOLUTION NO. 3594
WHEREAS, the adoption of Resolution No. 3594 will exercise option year two (2)
of the contract previously authorized by Ordinance No. 14409 adopted June 9, 2016, which
authorized the Executive Director and Secretary-Treasurer on behalf of the Metropolitan St. Louis
Sewer District to enter into a contract with Public Financial Management, Inc. (PFM), whereby
PFM will provide general and transactional professional financial advisory services to the District.
WHEREAS, said contract pro vided for an initial term of three (3) years with two
(2 ) additional one-year renewal terms at the option of the District, and
WHEREAS, the Metropolitan St. Louis Sewer Distric t desires to exercise its
second (2nd) of the two (2) 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 second one-year renewal term the contract with
PFM whereby PFM will provide general and transactional professional financial advisory 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 May 14, 2020.