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R1767ニニママチチテ*テ燃 E S O L U T I O N NO. 1767 父 WHEREAS, the Executive Director has prepared a list of proposed expenditures for the District in the form of a Capital Improvement Program for the next four fiscal years ending in 1990 in compliance with Section 7.090 of the District's Plan; and WHEREAS, the Capital Improvement Program is set forth in Sections IV, V, VI and VII of the District's 1986ゥ87 Proposed Budget; and WHEREAS, the Capital Improvement Program is a longゥterm plan for financing capital improvements in the District and the Subdistricts; and WHEREAS, the capital improvements set forth in the Capital Improvement Program will be financed from numerous sources including District or Subdistrict funds, as the case may be, state and federal grants, and contributions of local municipalities; and WHEREAS, the availability of total funds to finance a particular capital improvement in any fiscal year cannot be predicted with reasonable certainty; and WHEREAS, the costs of capital improvements set forth in the Capital Improvement Program are based upon engineering estimates and may change when construction of the capital improvements are bid and the contracts for construction are awarded; and WHEREAS, the Board of Trustees is desirous of approving the Capital Improvement Program as the capital improvementワhワ planning document of the District for the next four fiscal years ending in 1990. NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of The Metropolitan St. Louis Sewer District as follows: 粘ection One・ That the Capital Improvement Program as set forth in Sections IV, V, VI and VII of the Districts 1986ゥ87 Proposed Budget is hereby approved as the District's longゥterm capital improvement planning document for the next four fiscal years ending in 1990. 粘ection Two・ That the Capital Improvement Program is a planning document to provide guidance to the administration and staff of the District as to capital improvement priorities for the District and the Subdistricts for fiscal year 1986ゥ87 and is subject to revision by the Board of Trustees upon recommendation of the Executive Director to reflect changing priorities, availability of funds, and revised project costs. 粘ection Three・ That it is the intent of the Board of Trustees that the amounts shown in the Capital Improvement Program for fiscal year 1986ゥ87 which are derived from District and subdistrict funds be set aside for capital improvements within the appropriate District or Subdistrict as identified in the Capital Improvement Program until further action by the Board of Trustees. 粘ection Four・ That the specific capital improvements to be constructed in fiscal year 1986ゥ87 and the appropriation of funds therefor shall be approved by the Board of Trustees of theワdワ District by ordinance at the time project costs can be determined and funds from all sources needed to finance the capital improvement are available for appropriation. 粘ection Five・ That the Capital Improvement Program shall be reviewed and revised by the Board of Trustees from year to year as a part of the District's budget process to reflect a four year plan for financing capital improvements in the District and Subdistricts. The foregoing Resolution was adopted May 28, 1986.