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HomeMy Public PortalAboutR3518 Financial Advisory Services - PFMRESOLUTION NO. 3518 WHEREAS, the adoption of Resolution No. 3518 will exercise option year one (1) of the contract previously authorized by Ordinance No. 14409, adopted June 9, 2016, which authorized the Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with Public Financial Management, Inc. (PFM), whereby PFM will provide general and transactional professional financial advisory services to the District. WHEREAS, said contract provided for an initial term of three (3) years with two (2) additional one-year renewal terms at the option of the District; and WHEREAS, The Metropolitan St. Louis Sewer District desires to exercise its first (1st) of the two (2) 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 Ex ecutive 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 first one-year renewal term the contract with PFM, whereby PFM will provide general and transactional professional financial advisory 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 was adopted on June 13, 2019.