CHICAGO — The Metropolitan Water Reclamation District of Greater Chicago has selected Public Financial Management Inc. and Gardner, Underwood & Bacon LLC as co-financial advisers for its sale next month of up to $500 million of new-money debt tapping the Build America Bond program.

The district's board was expected to approve the selections at a special budget meeting on Thursday. Treasurer Harold Downs said he expects to return to the board at its regular meeting Nov. 18 to seek approval for the underwriting team, which is still under review.

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