HomeMy Public PortalAboutR3654 FIN District Rate Model Support and Feasibility StudyRESOLUTION NO. 3654
WHEREAS, the adoption of Resolution No. 3654 will exercise option year four (4)
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 fourth
(4th) 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 fourth one-year renewal term 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.