HomeMy Public PortalAbout006-2020 - To Establish Improvement Funds for the Sanitary District BOARD OF SANITARY COMMISSIONERS OF
THE RICHMOND SANITARY DISTRICT
RESOLUTION NO. 6-2020
A RESOLUTION TO ESTABLISH IMPROVEMENT FUNDS FOR THE
RICHMOND SANITARY DISTRICT
WHEREAS, The City of Richmond, Indiana (the "City"), has heretofore
established and constructed and currently owns a sewage works, as
such term is defined in Indiana Code 36-9-23, as amended (the
"Act") by and through its Board of Sanitary Commissioners of the
City of Richmond (the "Commissioners"), pursuant to the
provisions of the Act; and
WHEREAS The Board of Sanitary Commissioners (hereinafter "Board") for
the Richmond Sanitary District (hereinafter "RSD") is continually
involved with long-term capital projects and expenditures on
behalf of City with significant dollar amounts and the Board is in
need of ensuring that these improvement projects and expenditures
have sufficient funds available for RSD's long-term capital
projects and expenditures; and
WHEREAS, The funds needed by RSD and Board are similar to rainy day funds
so that RSD's needed improvement funds for capital projects and
expenditures do not revert back to the City's General Fund if the
improvement funds are not appropriated and spent in a particular
year; and
WHEREAS, RSD has several different capital improvement projects and
expenditures in need of being created, restricted, marked and
funded as "Improvement Funds". These funds include the
following accounts to be numbered and established as
improvement funds, the amounts to be transferred to establish the
accounts and the account number of where the funds are presently
located:
a) 0908 Stormwater Account $ 958,389
West Side Interceptor
No. 0907-0000-800-6000
b) 2042 Sewer Utility Account
West Side Interceptor $ 3,039,948
No. 2041-0000-800-6000
Resolution No. 6-2020
Page 2
Levee Improvement $ 420,150
No. 2041-0000-800-6000
Total $ 3,460,098
c) 2044 Landfill Account $ 1,637,500
Landfill Cell Construction
No. 2043-0000-800-6000
d) 6402 Sanitary Capital Account
Hayes Lift Station $ 1,826,000
No. 6401-0000-800-6000
Levee Improvements $ 420,150
No. 6401-0000-800-6000
Landfill Cell Construction $ 1,637,500
No. 6401-0000-800-6000
Total $ 3,883,650
TOTAL: Improvement Funds $ 9,939,637
WHEREAS, The Board of RSD finds it is in the best interests of the RSD and
the City of Richmond to approve the establishment of
Improvement Funds as set forth above and which Improvement
Funds are in addition to existing accounts of the Richmond
Sanitary District; and
WHEREAS, There are not sufficient funds at the present time in RSD's budget
to fully fund ongoing capital projects and expenditures if any of
the proposed Improvement Funds set out above are appropriated
and spent elsewhere within the RSD or City budgets; and
WHEREAS, If the Improvement Funds as set forth above are not established,
and said existing accounts for capital improvements are utilized for
monies other than the RSD capital projects, the exposure to both
City taxpayers and RSD rate payers could result in RSD being
forced to borrow by bonding for significant monies to fund RSD
capital projects that had been utilized and spent for purposes other
than the capital project Improvement Funds.
Resolution No. 6-2020
Page 3
NOW THEREFORE, BE IT RESOLVED by the Board of Sanitary Commissioners of
the Sanitary District of Richmond, Indiana, which said Board, having reviewed and
discussed the Richmond Sanitary District's numerous essential capital projects, and
incorporating the Whereas set forth above, now approves, expressly subject to approval
by the Common Council of the City of Richmond, Indiana, establishing the following
Improvement Funds for the Richmond Sanitary District:
a) 0908 Stormwater Improvement Savings Funds Account
b) 2042 Sewer Utility Improvement Funds Account
c) 2044 Landfill Improvement Funds Account
d) 6402 Sanitary Capital Improvement Funds Account
BE IT FURTHER RESOLVED by the Board of Sanitary Commissioners of the
Sanitary District of Richmond, Indiana, that said Board approves, expressly subject to
approval by the Common Council of the City of Richmond, Indiana, the transfer of the
following funds from the Richmond Sanitary District's accounts to the following
Improvement Funds Accounts:
a) 0908 Stormwater Account $ 958,389
West Side Interceptor
b) 2042 Sewer Utility Account
West Side Interceptor $ 3,039,948
Levee Improvement $ 420,150
Total $ 3,460,098
c) 2044 Landfill Account $ 1,637,500
Landfill Cell Construction
d) 6402 Sanitary Capital Account
Hayes Lift Station $ 1,826,000
Levee Improvements $ 420,150
Landfill Cell Construction $ 1,637,500
$ 3,883,650
TOTAL: Improvement Funds $ 9,939,637
Resolution No. 6-2020
Page 4
Passed and Adopted this g day of September, 2020, by the Board of Sanitary
Commissioners of the Richmond Sanitary District of the City of Richmond, Indiana.
BOARD OF SANITARY COMMISSIONERS
OF THE RI MOND SANITARY DISTRICT
Sue Mille ident
Aman Baks , ice resident
Greg Stiens, Member
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D•nise Johnson, ' 4 •rding Secretary