HomeMy Public PortalAbout15567 Investment Advisory Services (2)ORDINANCE NO. 15567
AN ORDINANCE, authorizing the Executive Director and Secretary-Treasurer on
behalf of The Metropolitan St. Louis Sewer District to enter into a contract with US Bancorp Asset
Management, Inc. (US Bancorp), whereby US Bancorp will provide investment management
services to the District.
WHEREAS, US Bancorp possesses the expertise and experience to provide said
services; and
WHEREAS, The Director of Finance has certified that there is an unencumbered
balance in the above-named fund sufficient to pay the obligation authorized herein.
NOW, THEREFORE, 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 enter into a contract with US
Bancorp, whereby US Bancorp will provide investment management services to the District.
Section Two. The contract authorized in Section One of this ordinance shall be a
one-year contract and may be renewed at the option of the District for four (4) additional one-year
terms and be comprised of such other terms and conditions as are approved by the Office of the
General Counsel of the District. This ordinance shall take effect immediately upon its enactment.
The foregoing ordinance was adopted on December 10, 2020.