HomeMy Public PortalAboutR3802 ST Investment Management Services ResolutionR E S O L UT I O N NO. 3802
WHEREAS, Resolution No. 3802 will exercise option year two (2) 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 second (2nd)
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 Resolution was adopted December 8, 2022.