HomeMy Public PortalAboutR3725 ST Investment Management ServicesRESOLUTION NO. 3725
WHEREAS, Resolution No. 3725 will exercise option year one (1) of the contract
previously authorized by Ordinance No. 15567, adopted December 10, 2020, which authorized the
Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District
to enter into a contract with US Bancorp Asset Management (US Bancorp), whereby US Bancorp
would provide investment management 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 first
(1st) of the four (4) option years to renew said contract.
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 first one-year renewal term the contract with US
Bancorp, whereby US Bancorp would provide investment management services for 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 Ordinance was adopted on January 13, 2022.