HomeMy Public PortalAboutR3210RESOLUTION NO. 3210
WHEREAS, the adoption of Resolution No. 3210 will authorize the Secretary-
Treasurer of the Metropolitan St. Louis Sewer District to allow the District's external investment
manager to utilize its own approved commercial paper issuer list and approved broker/dealer list
provided the each list fully complies with the criteria in the District’s Investment Policy as
described in Ordinance No. 13806.
WHEREAS, the investment manager is better equipped and has a better working
knowledge of credit review processes to make a determination of the financial strength of an
issuer and of broker/dealers.
WHEREAS, Ordinance 13806, repealing Ordinance No. 13623, and Ordinance
No. 12010 and Resolution No. 3009, provide for the selection of Approved Depositary Banks
and Approved Securities Dealers, the making and terms of time and demand deposits and
Authorized Investments, the form of security for safekeeping of District funds, the approval of
Authorized District Representatives for purposes of signing of checks and making of transfers of
District funds, the furnishing of surety bonds for Authorized District Representatives, and reports
of the Secretary-Treasurer to the Board of Trustees of the District with respect to the deposit and
investment of District funds.
NOW, THEREFORE, BE IT RESOLVED, that the Secretary-Treasurer of the
Metropolitan St. Louis Sewer District is hereby authorized to allow the District's external
investment manager to utilize its own approved commercial paper issue list and approved
broker/dealer list, provided each list fully complies with the criteria in the District Investment
Policy as described in Ordinance No. 13806.
The foregoing Ordinance was adopted on May 14, 2015 by the following vote –
Ayes – A. Mandel, M. Yates, J. Faul, R. Berry, and V. Patton.
Nays – None
Secretary-Treasurer