HomeMy Public PortalAboutR3873 ST Investment Management Services Jan 2024R E S O L U T I O N NO. 3873
WHEREAS, Resolution No. 3873 will exercise option year three (3) 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;
WHEREAS, said contract was amended on April 28, 2023 to replace Exhibits B-1,
B-2, and C with Exhibit B (Custody of Account Assets) and Exhibit C (Management Fees); and
WHEREAS, The Metropolitan St. Louis Sewer District desires to exercise its third
(3rd) 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 third one-year renewal term the contract with
US Bancorp, whereby US Bancorp would provide investment management services for the
District; 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 January 11, 2024