HomeMy Public PortalAboutR3888 ST Banking Services ResolutionR E S O L U T I O N NO. 3888
WHEREAS, Resolution No. 3888 will exercise option year one (1) of the contract
previously authorized by Ordinance No. 15600, adopted January 14, 2021, which authorized the
Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District
to enter into a contract with US Bank N.A., whereby US Bank N.A. would provide deposit and
safekeeping services to the District.
WHEREAS, said contract provided for an initial term of three (3) years with five
(5) 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 five (5) 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 first one-year renewal term the contract with US
Bank N.A., whereby US Bank N.A. would provide deposit and safekeeping services to 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 March 14, 2024