HomeMy Public PortalAboutr2936RESOLUTION NO. 2936
WHEREAS, Ordinance No. 12788, adopted December 11, 2008, authorized the
District to enter into a series of contracts and agreements with Bank of America N.A., whereby
Bank of America would provide banking and safekeeping services for the District, and
WHEREAS, said contracts provided for an initial term of two (2) years with one
(1) additional one-year renewal terms at the option of the District, and
WHEREAS, the two-year base term of said contracts is about to expire, and the
Board of Trustees desires to exercise its option to renew said contract for a one-year term, from
December 1, 2010 through November 30, 2011.
NOW, THEREFORE, BE IT ORDAINED 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 an additional one-year term, from December
1, 2010 through November 30, 2011, the contracts and agreements with Bank of America N.A.
whereby Bank of America N.A will provide general banking and safekeeping services, and said
contract renewals shall provide for a fee consisting of a series of unit prices, and 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 October 14, 2010.