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R1754à *ÔR E S O L U T I O N NO. 1754•ƒ Ì ÌÌÌRESOLUTION OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT AWARDING THE BID FOR THE PURCHASE OF $9,750,000 PRINCIPAL AMOUNT OF CONSTRUCTION GRANT ANTICIPATION NOTES, SERIES 1985, OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT; RATIFYING THE ACTS OF THE ADMINISTRATION AND STAFF OF THE DISTRICT IN CONNECTION WITH THE SALE OF SAID NOTES; RATIFYING, CONFIRMING AND ADOPTING THE NOTICE OF SALE AND PRELIMINARY OFFICIAL STATEMENT; APPROVING THE FORM AND EXECUTION OF THE FINAL OFFICIAL STATEMENT; AND AUTHORIZING THE EXECUTIVE DIRECTOR, THE CHAIRMAN OF THE BOARD OF TRUSTEES, AND THE SECRETARYªTREASURER OF THE DISTRICT TO EXECUTE SAID NOTES AND OTHER NECESSARY DOCUMENTS.ÞJÞ WHEREAS, the Board of Trustees of the Metropolitan St. Louis Sewer District (the "District"), in Resolution No. 1750, duly adopted at a regular meeting of the Board of Trustees held November 13, 1985 authorized to be offered at competitive public sale $9,750,000 aggregate principal amount of Construction Grant Anticipation Notes, Series 1985, the preparation and publication of a Notice of Sale, the preparation and execution of a Preliminary Official Statement, and the application to Moody's Investors Service for a rating on the Notes; and WHEREAS, the staff, administration, and advisors of the District did prepare a Preliminary Official Statement, a Notice of Sale and a Final Official Statement to be used in connection with the public sale of the Bonds; and WHEREAS, the Secretary©Treasurer of the District did publish the Notice of Sale in the St. Louis Post Dispatch, the St. Louis Globe©Democrat and the Bond Buyer, and did mail Notices of Sale to bond dealers and banks with municipal bond departments located in the State of Missouri and elsewhere which might be interested in the purchase of said Bonds, for sealed bids for the purchase of said Bonds; and WHEREAS, pursuant to said Notice, sealed bids were submitted on December 4, 1985, at public sale, for the purchase of said Bonds, in the office of the Secretary©Treasurer of the District, and the following Bids were submitted: TOTAL NET ”BIDDER• ”RATE• ”PREMIUM• ”INTEREST COST• Ehrlich©Bober & 7.625 $1,000 $1,857,593.75 Co., Inc., Morgan Stanley & Co., Incorporated and Dillon, Read & Co., Inc.ÜjÜŒÐBlBpÐand WHEREAS, the Secretary©Treasurer of the District has determined that the bid submitted by the group consisting of Ehrlich©Bober & Co., Inc., Morgan Stanley & Co., Incorporated and Dillon, Read & Co., Inc. (collectively referred to as the "Investor Group") was the best bid submitted based on the lowest net interest cost to the District and has recommended to the Board of Trustees the acceptance of said bid. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, AS FOLLOWS: SECTION 1. The bid of the Investor Group is accepted as the best bid submitted at public sale on December 4, 1985, for the purchase of $9,750,000 principal amount of the Construction Grant Anticipation Notes, Series 1985, and the Executive Director is authorized to enter into a contract selling the Bonds to Investor Group on the basis of said bid and the terms specified in the Notice of Sale. SECTION 2. All actions taken by the staff, administration, and advisors to the District pertaining to the publication of the Notice of Sale and the sale of said Notes are hereby ratified, confirmed, and adopted. SECTION 3. The Notice of Sale dated November 21, 1985, and the Preliminary Official Statement dated November 25, 1985, attached hereto as Exhibit "A", are hereby ratified, confirmed and adopted. SECTION 4. The Final Official Statement dated December 17, 1985 is hereby approved in substantially the form attached hereto as Exhibit "B", and the Chairman of the Board of Trustees and Secretary of the District are hereby authorized to execute and the appropriate officers and representatives of the District are hereby authorized to use such Final Official Statement in connection with the sale of the Notes. SECTION 5. The Executive Director, the Chairman of the Board of Trustees, and the Secretary©Treasurer of the District are hereby authorized and directed to execute said Notes and such other documents and take such other actions as may be necessary to effectuate said loan on behalf of the District. ADOPTED by the Board of Trustees of the Metropolitan St. Louis Sewer District this ____ day of December, 1985. à *)é2©ƒÜnÜ ___________________________________ Chairman of the Board of Trustees of the District ATTEST: ___________________________________ Secretary©Treasurer of the District The foregoing Resolution was adopted December 4, 1985. à *)é3©