HomeMy Public PortalAboutR3504 Internal Audit Contract Renewal for FY20 ResolutionRESOLUTION NO. 3504
WHEREAS, the adoption of Resolution No. 3504 will exercise option year two
(2) of the contract previously authorized by Ordinance No. 14696, adopted July 13, 2017, which
authorized the Executive Director and the Secretary-Treasury on behalf of The Metropolitan St.
Louis Sewer District to enter into a contract with Brown Smith Wallace, LLC whereby Brown
Smith Wallace, LLC would provide financial advisory services for the District.
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 second one-year option renewal term with Brown Smith
Wallace, LLC, whereby Brown Smith Wallace, LLC will provide Internal Audit Services, and
said contract renewal shall provide for a total fee not to exceed Two Hundred Seventy Thousand
Dollars ($270,000.00), and shall be comprised of such other terms and conditions as are
approved by the Office of the General Counsel of the District.
The forgoing Resolution was adopted on May 9, 2019.