HomeMy Public PortalAboutR3002RESOLUTION NO. 3002
RESOLUTION OF THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT
AUTHORIZING THE OFFERING FOR SALE OF
WASTEWATER SYSTEM REVENUE BONDS OF THE
DISTRICT.
BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN
ST. LOUIS SEWER DISTRICT, AS FOLLOWS:
Section 1. The Metropolitan St. Louis Sewer District (the “District”) is hereby
authorized to offer at competitive public sale $52,250,000 principal amount of Wastewater
System Revenue Bonds, Series 2011B (the “Bonds”), as described in the Notice of Bond Sale
attached hereto as Exhibit A.
Section 2. The Secretary-Treasurer of the District is hereby authorized and directed to
receive bids for the purchase of the Bonds at the Office of the District, 2350 Market Street in St.
Louis, Missouri, until ___:___ a.m., Central Time, on December 8, 2011, upon the terms and
conditions set forth in said Notice of Bond Sale, and to deliver all bids so received to the Board
of Trustees at its meeting to be held at 4:00 p.m. on December 8, 2011, at which meeting the
Board of Trustees shall review such bids and shall award the sale of the Bonds or reject all bids.
The Board of Trustees hereby authorizes the Secretary-Treasurer of the District, after
consultation with the District’s Financial Advisors, to cancel, postpone to a later date, or
accelerate to an earlier date designated by the Secretary-Treasurer of the District, the planned
date for receiving sealed bids for the purchase of the Bonds if market conditions are expected to
adversely impact the receipt of favorable bids for the purchase of the Bonds on the originally
scheduled date.
Section 3. The Notice of Bond Sale is hereby approved in substantially the form attached
hereto as Exhibit A, and the Secretary-Treasurer of the District is hereby authorized to execute
such Notice of Bond Sale, with such changes and additions thereto as such official shall deem
necessary or appropriate, and to use such document in connection with the public sale of the
Bonds.
Section 4. The Preliminary Official Statement is hereby approved in substantially the
form attached hereto as Exhibit B, with such changes and additions thereto as the Secretary-
Treasurer of the District shall deem necessary or appropriate, and the appropriate officers and
representatives of the District are hereby authorized to use such document in connection with the
public sale of the Bonds.
Section 5. The Secretary-Treasurer of the District is hereby authorized and directed to
give notice of said bond sale by causing a summary of the Notice of Bond Sale to be published in
a newspaper having general circulation in the District, and by causing copies of the Notice of
Bond Sale and Preliminary Official Statement to be mailed or sent electronically to such banks
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and investment banking firms and other financial institutions located in the State of Missouri and
elsewhere which might be interested in the purchase of the Bonds.
Section 6. For the purpose of enabling the purchaser of the Bonds (the “Original
Purchaser”) to comply with the requirements of Rule 15c2-12(b)(1) of the Securities and
Exchange Commission, the appropriate officers of the District are hereby authorized, if
requested, to provide the Original Purchaser a letter or certification to the effect that the District
deems the information regarding the District contained in the Preliminary Official Statement to
be “final” as of its date, except for the omission of such information as is permitted by Rule
15c2-12(b)(1), and to take such other actions or execute such other documents as such officers in
their reasonable judgment deem necessary to enable the Original Purchaser to comply with the
requirement of such Rule.
Section 7. The District agrees to provide to the Original Purchaser within seven business
days of the date of sale of the Bonds or within sufficient time to accompany any confirmation
that requests payment from any customer of the Original Purchaser, whichever is earlier,
sufficient copies of the final Official Statement to enable the Original Purchaser to comply with
the requirements of Rule 15c2-12(b)(4) of the Securities and Exchange Commission and with the
requirements of Rule G-32 of the Municipal Securities Rulemaking Board.
Section 8. The Chairman and Vice Chairman of the Board of Trustees, the Executive
Director, the Secretary-Treasurer, the Director of Finance and other officers and representatives
of the District are hereby authorized and directed to take such other action as may be necessary
to carry out the public sale of the Bonds.
Section 9. This Resolution shall be in full force and effect from and after its passage by
the Board of Trustees.
ADOPTED by the Board of Trustees of The Metropolitan St. Louis Sewer District this
10th day of November, 2011.
(SEAL)
Chairman of the Board of Trustees
ATTEST:
Secretary-Treasurer
EXHIBIT A
NOTICE OF BOND SALE
[On file in the Office of the Secretary-Treasurer.]
EXHIBIT B
PRELIMINARY OFFICIAL STATEMENT
[On file in the Office of the Secretary-Treasurer.]
NOTICE OF BOND SALE
$52,250,000
THE METROPOLITAN ST. LOUIS SEWER DISTRICT
WASTEWATER SYSTEM REVENUE BONDS
SERIES 2011B
Bids. Electronic bids for the purchase of $52,250,000 principal amount of Wastewater System
Revenue Bonds, Series 2011B (the “Series 2011B Bonds”), of The Metropolitan St. Louis Sewer District
(the “District”), herein described, will be received, until ___:___ a.m., Central Time, on
THURSDAY, DECEMBER 8, 2011
All proposals must be submitted electronically through PARITY® as further described herein. The
proposals will be considered and an award will be acted upon at a meeting of the Board of Trustees of the
District to be held at 4:00 p.m., Central Time, on December 8, 2011 (the “Sale Date”). No oral or auction
bids will be considered.
Pre-Bid Revisions. The District reserves the right to issue a Supplemental Notice of Bond Sale
not later the close of business on the day prior to the Sale Date via TM3 (“Supplemental Notice”). If
issued, the Supplemental Notice may modify such terms of this Notice of Bond Sale as the District
determines, including the date and time of the sale. Any such modifications will supersede the terms as
set forth herein.
Adjustment of Maturity Amounts. In order to properly structure the transaction, the District
reserves the right on the date of the award of the Series 2011B Bonds to the successful bidder, in the
District’s sole discretion, to increase or decrease the principal amount of any maturity (or mandatory
sinking fund redemption amounts of any term bonds) of the Series 2011B Bonds, depending on the
interest rates bid and the bid premium, if any; provided, however, that the total issue size of
$52,250,000 shall remain unchanged. In formulating bids, bidders should consider that bids generating
significant premium may result in greater principal amortization in later years and bids generating
significant discount may result in greater principal in earlier years. The successful bidder may not
withdraw its bid or change the interest rates bid as a result of any changes made to the maturity amounts
(or mandatory sinking fund redemption amounts of any term bonds) as described herein. In the event
there is an increase or decrease in the final principal amount per maturity (or mandatory sinking fund
redemption amounts of any term bonds) as described above, the successful bidder will be notified by
telephone, fax or electronic mail of such increases or decreases no later than 1:00 p.m., Central time, on
the Sale Date. In the event the maturity amounts (or mandatory sinking fund redemption amounts of any
term bonds) of the Series 2011B Bonds are adjusted, the purchase price will be adjusted to ensure that the
percentage net compensation (i.e., the percentage resulting from dividing (1) the aggregate difference
between the offering price of the Series 2011B Bonds to the public and the price to be paid to the District
(excluding accrued interest) by (2) the principal amount of the Series 2011B Bonds) remains constant.
Minority, Women and Disadvantaged Business Enterprises. The District has established as
its policy the creation of opportunities for minority business enterprises, women business enterprises and
disadvantaged business enterprises in District projects and procurement. The District encourages bidders
to include in the formation of underwriting syndicates minority, women and disadvantaged business
enterprises. The District requests that bidding firms provide with their bid a listing of syndicated
members including any minority, women and disadvantaged business enterprises participating. Minority,
women and disadvantaged business enterprises included in the syndicate of the successful bidder may be
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requested to provide a confidential letter to the District describing their participation in the syndicate of
the successful bidder. For purposes of this Notice of Bond Sale, the term minority, women and
disadvantaged business enterprise means a business which is at least 51% owned by one or more
minority, women or disadvantaged business persons, whose management and daily business operation are
independently controlled by one or more of such minority, women or disadvantaged business persons and
which performs a commercially useful function and is legally licensed as an underwriter of tax-exempt
securities.
Terms of the Bonds. The Series 2011B Bonds will consist of fully registered bonds in the
denomination of $5,000 or any integral multiple thereof. The Series 2011B Bonds will be dated their date
of delivery, and will become due in principal installments on May 1 in the years, subject to adjustment as
provided herein, as follows:
Principal Principal
Year Amount∗ Year Amount*
20__ $ 20__ $
20__ 20__
20__ 20__
20__ 20__
20__ 20__
20__ 20__
The Series 2011B Bonds will bear interest from the date thereof at rates to be determined when
the Series 2011B Bonds are sold as hereinafter provided, which interest will be payable semiannually on
May 1 and November 1 in each year, beginning on May 1, 2012.
Authority, Purpose and Security. The Series 2011B Bonds are being issued pursuant to the
Constitution and laws of the State of Missouri, the District’s Charter, Master Bond Ordinance No. 11713
adopted by the Board of Trustees of the District on April 22, 2004 and a Series Ordinance to be adopted
by the Board of Trustees of the District on December 8, 2011 (collectively, the “Bond Ordinance”). The
Series 2011B Bonds are authorized pursuant to an election held in the District on August 5, 2008
approving the issuance of $275,000,000 of system revenue bonds for the purpose of designing,
constructing, improving, renovating, repairing, replacing and equipping new and existing facilities of the
District’s sanitary sewer system (the “System”).
The Series 2011B Bonds shall be limited obligations of the District as provided therein payable
solely from the Pledged Revenues of the System. The Series 2011B Bonds and the interest thereon shall
not constitute a general or moral obligation of the District nor a debt, indebtedness, or obligation of, or a
pledge of the faith and credit of, the District or the State of Missouri or any political subdivision thereof,
within the meaning of any constitutional, statutory or charter provision whatsoever. Neither the faith and
credit nor the taxing power of the District, the State of Missouri, or any political subdivision thereof is
pledged to the payment of the principal of, premium, if any, or interest on the Series 2011B Bonds or
other costs incident thereto. The District has no authority to levy any taxes to pay the Series 2011B
Bonds. Neither the members of the Board of Trustees of the District nor any person executing the Series
2011B Bonds shall be liable personally on the Series 2011B Bonds by reason of the issuance thereof.
∗ Subject to adjustment; see “Adjustment of Maturity Amounts.”
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The Series 2011B Bonds are payable on a parity with four prior series of wastewater system
revenue bonds of the District: $175,000,000 original principal amount of its Wastewater System Revenue
Bonds, Series 2004A, issued on May 6, 2004 and outstanding in the aggregate principal amount of
$165,590,000; $60,000,000 original principal amount of its Wastewater System Revenue Bonds, Series
2006C, issued on November 28, 2006 and outstanding in the aggregate principal amount of $60,000,000;
$30,000,000 original principal amount of its Wastewater System Revenue Bonds, Series 2008A, issued
on November 25, 2008 and outstanding in the aggregate principal amount of $30,000,000; and
$85,000,000 original principal amount of its Taxable Wastewater System Revenue Bonds (Build America
Bonds – Direct Pay), Series 2010B, issued on January 28, 2010 and outstanding in the aggregate principal
amount of $85,000,000 (collectively with the Series 2011B Bonds and any additional Bonds issued on a
parity therewith, the “Senior Bonds”).
The Series 2011B Bonds, the Bond Ordinance, the System and the Senior Bonds are more
particularly described in the Preliminary Official Statement dated November ___, 2011, available at the
website of Public Financial Management, at https://www.pfm.com/BondCalendar. This Notice of Bond
Sale contains certain information for quick reference only. It is not, and is not intended to be, a summary
of the Series 2011B Bonds, the Bond Ordinance, the System or the Senior Bonds. Each bidder is required
to read the entire Preliminary Official Statement to obtain information essential to making an informed
investment decision. Capitalized terms used herein and not otherwise defined herein shall have the
meanings assigned to such terms in the Preliminary Official Statement.
Place of Payment. Principal will be payable upon presentation and surrender of the Series 2011B
Bonds by the Registered Owners thereof at the principal corporate trust office of The Bank of New York
Mellon Trust Company, N.A., St. Louis, Missouri, as Paying Agent. Interest shall be paid to the Registered
Owners of the Series 2011B Bonds as shown on the Bond Register at the close of business on the Record
Date for such interest (a) by check or draft mailed by the Paying Agent to the address of such Registered
Owners shown on the Bond Register, at such other address as is furnished to the Paying Agent in writing by
any Registered Owner, or (b) at the written request of any owner of Series 2011B Bonds in the aggregate
principal amount of at least $500,000, by electronic transfer to such owner upon written notice to the
Paying Agent containing the electronic transfer instructions of the bank (which shall be located in the
continental United States), ABA routing number and account name and account number to which such
owner wishes to have such transfer directed.
Book-Entry Only System. The Series 2011B Bonds will initially be registered in the name of
Cede & Co., as nominee of The Depository Trust Company, New York, New York, to which payments of
principal of and interest on the Series 2011B Bonds will be made. Individual purchases of Series 2011B
Bonds will be made in book-entry form only. Purchasers will not receive certificates representing their
interest in Series 2011B Bonds purchased. It shall be the obligation of the successful bidder to furnish to
DTC an underwriters’ questionnaire. It shall be the obligation of the successful bidder to qualify the
Series 2011B Bonds, if such qualification is necessary, in the jurisdictions in which it intends to reoffer
the Series 2011B Bonds.
Optional Redemption of Series 2011B Bonds Prior to Maturity. At the District’s option, the
Series 2011B Bonds or portions thereof maturing on May 1, 20 ___ and thereafter may be called for
redemption and payment prior to their Stated Maturity on May 1, 20___ and thereafter, in whole or in part
on any date in such order of maturity as shall be determined by the District at the redemption price of
100% of the principal amount thereof plus accrued interest thereon to the redemption date.
Election to Specify Term Bonds. A bidder may elect to have all or a portion of the Series 2011B
Bonds scheduled to mature in the years 20__ through 20__, inclusive, issued as one or more term bonds
scheduled to mature in the latest of the consecutive years denoted and subject to mandatory redemption
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requirements consistent with the schedule of serial maturities set forth above, and subject to the bidder
making such an election by including such information in the electronic bid submitted via PARITY®. Not
less than all the Series 2011B Bonds of a single maturity may be converted to term bonds.
Conditions of Bids. Proposals will be received on all of the Series 2011B Bonds bearing such
rate or rates of interest as may be specified by the bidders, subject to the following conditions: The same
rate shall apply to all Series 2011B Bonds of the same maturity. Each interest rate specified shall be a
multiple of 1/20 or 1/8 of 1% and no rate shall be more than 1% less than the rate specified for any prior
maturity. No supplemental interest payments will be authorized. The Series 2011B Bonds shall be sold
by the District for a price not less than 99.5% of the total principal amount thereof. Each bid shall specify
the total interest cost during the life of the Series 2011B Bonds on the basis of such bid, the premium or
discount, if any, offered by the bidder, and the net interest cost and the true interest cost on the basis of
such bid. Each bidder agrees that, if it is awarded the Series 2011B Bonds, it will provide to the District
the certification as to initial offering prices described under the caption “Certification as to Offering
Prices” in this Notice of Bond Sale.
Basis of Award. The Series 2011B Bonds will be awarded to the bidder whose bid will result in
the lowest “true interest cost” (“TIC”), determined as follows: the TIC is the discount rate (expressed as a
per-annum percentage rate) which, when used in computing the present value of all payments of principal
and interest to be paid on the Series 2011B Bonds, from the scheduled payment dates back to the dated
date of the Series 2011B Bonds, produces an amount equal to the price bid, including premium, if any,
but excluding any interest accrued to the date of delivery. Payments of principal and interest on the
Series 2011B Bonds shall be based on the principal amounts set forth in this Notice of Bond Sale and the
interest rates specified by each bidder. Present value shall be computed on the basis of semiannual
compounding and a 360-day year of twelve 30-day months. No bidder shall be awarded the Series 2011B
Bonds unless its bid shall be in compliance with the other terms and conditions of this Notice of Bond
Sale. In the event that two or more bidders offer bids at the same lowest TIC, the District shall determine
which bid, if any, shall be accepted, and its determination shall be final. The District reserves the right to
waive irregularities and to reject any or all bids.
Legal Opinion. The Series 2011B Bonds will be sold subject to the approving legal opinions of
Gilmore & Bell, P.C. and White Coleman & Associates, LLC, Co-Bond Counsel, which opinions will be
furnished and paid for by the District and printed on the Series 2011B Bonds and delivered to the
successful bidder when the Series 2011B Bonds are delivered. Said opinions will also include the opinion
of Co-Bond Counsel relating to the exclusion of the interest on the Series 2011B Bonds from gross
income for federal and Missouri income tax purposes. Reference is made to the Preliminary Official
Statement for further discussion of federal and Missouri income tax matters relating to the interest on the
Series 2011B Bonds.
Certification as to Offering Prices. To provide the District with information necessary for
compliance with Section 148 of the Internal Revenue Code of 1986, as amended (the “Code”), the
successful bidder will be required to complete, execute and deliver to the District prior to the delivery of
the Series 2011B Bonds, a certificate regarding the “issue price” of the Series 2011B Bonds (as defined in
Section 148 of the Code). For Series 2011B Bonds reoffered for sale, this certificate is intended to reflect
the initial offering prices (excluding accrued interest and expressed as dollar prices) at which a substantial
amount (i.e., 10% or more) of the Series 2011B Bonds of each maturity have been or are expected to be
sold to the public. Prior to delivery of the Series 2011B Bonds, the successful bidder will execute and
deliver to the District a written certification (the “Issue Price Certificate”) containing the following:
(1) the initial offering price and interest rate for each maturity of the Series 2011B Bonds; (2) that all of
the Series 2011B Bonds of each maturity were offered to the public in a bona fide public offering at the
initial offering prices on Sale Date; and (3) on the Sale Date the successful bidder reasonably expected
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that at least 10% of each maturity of the Series 2011B Bonds would be sold to the public at prices not
higher than the initial offering prices. For purposes of the preceding sentence, “public” means persons
other than bond houses, brokers, or similar persons or organizations acting in the capacity of underwriters
or wholesalers. In the alternative, for Series 2011B Bonds not reoffered for sale, such certificate may
instead provide that the successful bidder has purchased the Series 2011B Bonds for its own account in a
capacity other than as an underwriter or wholesaler, and currently has no intent to reoffer the Series
2011B Bonds for sale.
At the request of the District, the successful bidder will provide information explaining the
factual basis for the successful bidder’s Issue Price Certificate. This agreement by the successful bidder
to provide such information will continue to apply after the issue date of the Series 2011B Bonds if
(1) the District requests the information in connection with an audit or inquiry by the Internal Revenue
Service or the Securities and Exchange Commission or (2) the information is required to be retained by
the District pursuant to future regulation or similar guidance from the Internal Revenue Service, the
Securities and Exchange Commission or other federal or state regulatory authority.
In addition, the successful bidder shall provide such issue prices to the District and its
Financial Advisors not less than 20 minutes after notification by the District or its Financial Advisors
of acceptance of its bid for the Series 2011B Bonds.
Delivery and Payment. The District will deliver the Series 2011B Bonds, properly prepared,
executed and registered, without cost to the successful bidder on or about December 22, 2011 in book-
entry form only through the facilities of The Depository Trust Company in New York, New York. The
successful bidder will also be furnished with a certified transcript of the proceedings evidencing the
authorization and issuance of the Series 2011B Bonds and the usual closing documents, including a
certificate that there is no litigation pending or threatened at the time of delivery of the Series 2011B
Bonds affecting their validity and a certificate regarding the completeness and accuracy of the Official
Statement. Payment for the Series 2011B Bonds shall be made in federal reserve funds, immediately
available for use by the District.
Good Faith Deposit. The successful bidder (the “Purchaser”) is required to submit a good faith
deposit in an amount equal to $522,500 (the “Deposit”) to the District in the form of an electronic transfer
of federal reserve funds, immediately available for use by the District, as instructed by the District or its
Financial Advisors, no later than 2:00 p.m. Central Time on the day on which the proposals are received.
If the Deposit is not received by such time, the District may revoke its acceptance of the proposal. The
Deposit of the Purchaser shall constitute a good faith deposit and shall be retained by the District to insure
performance of the requirements of the sale by the Purchaser. In the event the Purchaser shall fail to
comply with the terms of its bid, the Deposit will be forfeited as full and complete liquidated damages.
Upon delivery of the Series 2011B Bonds, the Deposit will be applied to the purchase price of the Series
2011B Bonds or shall be returned to the Purchaser, but no interest shall be allowed thereon. If a bid is
accepted but the District fails to deliver the Series 2011B Bonds to the bidder in accordance with the
terms and conditions of this Notice of Bond Sale, the Deposit shall be returned to the Purchaser.
Bond Ratings. The District has applied to Moody’s Investors Service, Standard & Poor’s
Corporation, and Fitch Ratings for underlying ratings on the Series 2011B Bonds. Any explanation as to
the significance of the ratings, when received, may be obtained only from the rating agencies. Ratings are
not recommendations to buy, sell, or hold the Series 2011B Bonds, and such ratings may be subject to
revision or withdrawal at any time by the rating agencies. Any downward revision or withdrawal of a
rating may have an adverse affect on the market price of the Series 2011B Bonds.
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Submission of Bids. Electronic bids via PARITY® must be submitted in accordance with this
Notice of Bond Sale. During the electronic bidding, no bidder will see any other bidder’s bid or the status
of their bid relative to other bids (i.e., whether their bid is a leading bid). Bidders may modify or cancel
their bid at any time up to the end of the bidding. If provisions of this Notice of Bond Sale conflict with
those of PARITY®, this Notice of Bond Sale shall control. Bids for the Series 2011B Bonds must be
received before ___:___ a.m. on Thursday, December 8, 2011. The District and the District’s Financial
Advisors shall not be responsible for any failure, misdirection, delay or error in the means of transmission
selected by the bidder.
PARITY®. All proposals must be submitted electronically through PARITY® and no other
proposals will be considered. Information about the electronic bidding services of PARITY® may be
obtained from i-Deal LLC at 1359 Broadway, 2nd Floor, New York, New York 10018, Phone No. (212)
849-5000 and from the following web site: www.newissuehome.i-deal.com. The District shall not be
responsible for proper operation of, or have any liability for, any delays, interruptions, or damages caused
by use of the PARITY® system. The District is using the PARITY® system as a communication
mechanism, and not as the District’s agent, to conduct the electronic bidding for the Series 2011B Bonds.
The use of the PARITY® system shall be at the bidder’s risk and expense, and the District and its agents
shall have no liability with respect thereto. The bids must be received as provided herein and by the time
specified. The District is not bound by any advice or determination of PARITY® to the effect that any
particular bid complies with the terms of this Notice of Bond Sale and the bid specifications. An
electronic bid made through the facilities of PARITY® shall be deemed an irrevocable offer to purchase
the Series 2011B Bonds on the terms provided in this Notice of Bond Sale, and shall be binding upon the
bidder as if made by a signed, sealed bid delivered to the District.
Preliminary Official Statement and Official Statement. The District has prepared a
Preliminary Official Statement, copies of which may be obtained from the website of Public Financial
Management, at https://www.pfm.com/BondCalendar. Upon the sale of the Series 2011B Bonds, the
District will adopt the final Official Statement and will furnish the Purchaser with no more than 50 copies
of the final Official Statement within seven business days of the acceptance of the Purchaser’s proposal in
order to comply with Rule 15c2-12(b)(4) of the Securities and Exchange Commission and Rule G-32 of
the Municipal Securities Rulemaking Board. The District’s acceptance of the successful bidder’s
proposal for the purchase of the Series 2011B Bonds shall constitute a contract between the District and
the Purchaser for purposes of said Rules. Additional copies of the Official Statement may be ordered by
the Purchaser at its expense.
Continuing Disclosure. The District covenants and agrees to enter into a Disclosure
Dissemination Agent Agreement, constituting an undertaking to provide ongoing disclosure about the
District, for the benefit of the bondholders on or before the date of delivery of the Series 2011B Bonds as
required by Section (b)(5)(i) of Rule 15c2-12 of the Securities and Exchange Commission, which
Disclosure Agreement shall be in the form as may be agreed to in writing by the Purchaser. The District
is in full compliance with each and every undertaking previously entered into by the District pursuant to
Rule 15c2-12.
CUSIP Numbers. It is anticipated that CUSIP numbers will be printed on the Series 2011B Bonds
and the Purchaser agrees by submitting its bid proposal to pay the cost thereof. In no event will the
District, Co-Bond Counsel or the Financial Advisors be responsible for the review or express any
opinion that the CUSIP numbers are correct. Incorrect CUSIP numbers on the Series 2011B Bonds
shall not be cause for the Purchaser to refuse to accept delivery of the Series 2011B Bonds.
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Additional Information. Additional information regarding the Series 2011B Bonds may be
obtained from the District’s Financial Advisors: Public Financial Management, Inc., 801 Grand Avenue,
Suite 3300, Des Moines, IA 50309, Attention: Jeanne Vanda (515) 724-5722 or Tionna Pooler (515)
724-5725; or ButcherMark Financial Advisors LLC, 1120 Avenue of the Americas, 4th Floor, New York,
New York 10036-6700, Attention: Roy Torkelson (212) 719-2632.
DATED this ___ day of November, 2011.
THE METROPOLITAN ST. LOUIS
SEWER DISTRICT
By: KARL J. TYMINSKI
Secretary-Treasurer
The foregoing Resolution was adopted November 21, 2011 by the following vote –
Ayes – E. Ross, D. Visintainer, J. Goffstein, R. Berry, and G. Feldhaus.
Nays – None.
Secretary-Treasurer