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R3454 FIN Banking ServicesRESOLUTION NO. 3454 WHEREAS, Resolution No. 3454 will exercise option year two (2) of the contract previously authorized by Ordinance No. 14190, adopted August 13, 2015, which authorized the Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with US Bank N.A., whereby US Bank N.A. would provide deposit and safekeeping services to the District. WHEREAS, said contract provided for an initial term of two (2) years with three (3) additional one-year renewal terms at the option of the District; and WHEREAS, The Metropolitan St. Louis Sewer District desires to exercise its second (2nd) of the three (3) option years to renew said contract for an additional one-year term. 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 the second one-year renewal term the contract with US Bank N.A., whereby US Bank N.A. would provide deposit and safekeeping services to the District, and said contract renewal 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 has been adopted on September 13, 2018.