HomeMy Public PortalAbout15908 Rate Commission Consulting Services & Debt Feasibility Study Preparation - Raftelis OrdinanceORDINANCE NO. 15908
AN ORDINANCE, authorizing 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. will provide rate modeling 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.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Executive Director and Secretary- Treasurer, on behalf of The
Board of Trustees of The Metropolitan St. Louis Sewer District, are hereby authorized to enter into
a contract with Raftelis Financial Consultants Inc., whereby Raftelis Financial Consultants Inc.
will provide rate modeling 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.
Section Two. The contract authorized in Section One of this ordinance shall be a
one (1) year contract and may be renewed at the option of the District for four (4) additional one-
year terms. The contract authorized in Section One of this Ordinance shall provide for an average
annual total fee of One Hundred Fifty-Three Thousand Seven Hundred Thirty-six Dollars
($153,736.00), and 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 June 9, 2022