HomeMy Public PortalAboutR3089RESOLUTION NO. 3089
WHEREAS, Ordinance No. 13405, adopted June 14, 2012, authorized the District
to enter into a series of contracts and agreements with Bank of America N.A., whereby Bank of
America would provide banking and safekeeping services for the District, and
WHEREAS, said contracts provided for an initial term of one (1) year with four
(4) additional one-year renewal terms at the option of the District, and
WHEREAS, the one-year base term of said contracts is about to expire, and the
Board of Trustees desires to exercise its option to renew said contract for a one-year term, from
July 1, 2013 through June 30, 2014.
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 an additional one-year term, from July 1,
2013 through June 30, 2014, the contracts and agreements with Bank of America N.A. whereby
Bank of America N.A will provide general banking and safekeeping services, and said contract
renewals shall provide for a fee consisting of a series of unit prices, and 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 9, 2013.