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Letter to MSD Board of Trustees Delivering ReportTHE RATE COMMISSION OF THE METROPOLITAN ST. L O UIS SEWER DISTRICT August 9, 2018 Board of Trustees of the Metropolitan St. Louis Sewer District c/o Mr. Brian L. Hoelscher, Executive Director 2350 Market Street St. Louis, Missouri 63103 Dear Trustees: I have been authorized and directed by the Rate Commission of the Metropolitan St. Louis Sewer District to deliver to you the Rate Recommendation Report regarding the Stormwater Rate Change Proposal submitted to the Rate Commission on February 26, 2018. Accompanying the Report are (a) (i) the Minority Report of Commissioners Beckmann and Stein Regarding the Use of Debt; (ii) the Minority Report of Commissioner Brockmann Regarding Third -Party Funding and Prioritization of Projects; and (iii) the Minority Report of Commissioner Stein Regarding the District's Development of the CIRP; and (b) the Resolution adopted by the Rate Commission on August 3, 2018. The Proceedings of the Rate Commission at which the Rate Recommendation Report was considered were held in accordance with all requirements of law and procedural rules of the Rate Commission. The transcript of the Proceedings may be found at https://www.stlmsd.com/our- organization/organization-overview/rate-commi ssion/fv2018-stormwater-rate-proposal/fy2018. The Rate Recommendation Report was approved at a meeting on August 3, 2018, at which a quorum was present and acted throughout. The Resolution is in full force and effect and has not been altered, amended, or repealed. I particularly call your attention to the Statement of Rate Commission on Third -Party Contributions found on pages 19-51 of our Report. Board of Trustees of the Metropolitan St. Louis Sewer District August 9, 2018 Page 2 We appreciate all the time and effort the District staff contributed to the Rate Commission Proceedings. Very truly yours, Leonard Toenjes Enclosures cc: (w/enc.) Office of the Secretary of the Rate Commission