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R3499 FIN Raftelis RenewalRESOLUTION NO. 3499 WHEREAS, the adoption of Resolution No. 3499 will exercise option year two (2) of the contract previously authorized by Ordinance No. 14657, adopted May 11, 2017, which authorized the Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with Raftelis Financial Consultants, Inc., whereby Raftelis Financial Consultants, Inc. would provide rate design software, training and support services; rate proposal preparation and expert testimony for anticipated future rate commission proceedings; preparation of financial feasibility studies as needed for the issuance of District bonds and assist with public communications regarding future stormwater initiatives. WHEREAS, said contract 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 Metropolitan St. Louis Sewer District desires to exercise its second (2nd) of four (4) 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 of four one-year renewal terms the contract with Raftelis Financial Consultants, Inc., whereby Raftelis Financial Consultants, Inc. would provide rate design software, training and support services; rate proposal preparation and expert testimony for anticipated future rate commission proceedings and preparation of financial feasibility studies as needed for the issuance of District bonds, and said contract renewal shall be comprised of such terms and conditions as are approved by the Office of the General Counsel of the District. The foregoing Resolution was adopted on April 11, 2019.