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r2809R E S O L U T I O N NO. 2809 WHERSAS the District seeks to establish a finance team to handle a Thirty to Forty Million Dollar ($30,000,000.00 to $40,000,000.00) bond transaction by the end of calendar 2008, and WHEREAS, in order for the St. Louis Community to address health and safety issues and to comply with federal and state clean water laws and regulations, the community, through The Metropolitan St. Louis Sewer District (MSD) must construct, improve, renovate, repair and replace wastewater facilities and systems, including sewers, pump stations, treatment plants, and such appurtenances as necessary, and WHEREAS, an election was held August 5, 2008, presenting to St. Louis City and St. Louis County voters the option of funding said improvements by authorizing the issuance of Two Hundred-Seventy-Five Million Dollars ($275,000,000.00) in revenue bonds to pay for the local share to build the necessary improvements to meet federal and state clean water laws and regulations, and WHEREAS, said measure was successfully passed, and WHEREAS, the District seeks to utilize a portion of this authorization by issuing approximately Thirty to Forty Million Dollar ($30,000,000.00 to $40,000,000.00) of Revenue Bonds during the remainder of calendar 2008, and WHEREAS, the District seeks to assemble a finance team of qualified local and minority underwriting firms to execute and provide the lowest cost of finance for said transaction, and WHEREAS, the District intends to name a single firm on this finance team to lead said transaction, and WHEREAS, the bond underwriting firms of Stifel Nicolaus, Edward Jones, Siebert Branford and Shank, and Samuel Ramirez have been prequalified to handle a bond issue associated with the August 5, 2008 bond authorization, NOW THEREFORE BE IT RESOLVED, that the financial firms of Stifel Nicolaus, Edward Jones, Siebert Branford and Shank, and Samuel Ramirez be named as the finance team to handle approximately Thirty Million Dollars ($30,000,000.00) of revenue bonds to be issued by the end of calendar 2008, and BE IT FURTHER RESOLVED that the firm of Stifel Nicolaus be named to lead the team for this transaction. The foregoing Resolution was adopted September 11, 2008.