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R E S O L U T I O N NO. 1800
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 1991 in compliance with Section 7.090 of
the District's Plan; and
WHEREAS, the Capital Improvement Program is set forth in Sections
II, IV, V, VI and VII of the District's 1987-88 Proposed Budget; and
WHEREAS, the Capital Improvement Program is a long-term plan for
financing capital improvements in the District and the Subdistricts; and
WHEREAS, the capital improvements set forth in the Capital
Improvement Program may 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 deems it desirable to provide a
Capital Improvement Program as the capital improvement planning document of the
District for the next four fiscal years ending in 1991.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of The
Metropolitan St. Louis Sewer District as follows:
Section One. That the Capital Improvement Program as set forth in
Sections II, IV, V, VI and VII of the District's 1987-88 Proposed Budget is
hereby approved subject to the limitations of the Plan of the District and this
Resolution as the District's long-term capital improvement planning document
for the next four fiscal years ending in 1991.
Section 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 1987-88 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.
Section Three. That it is the intent of the Board of Trustees that
the amounts shown in the Capital Improvement Program for fiscal year 1987-88
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.
Section Four. That the specific capital improvements to be
constructed in fiscal year 1987-88 and the appropriation of funds therefor may
be approved by the Board of Trustees of the 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.
Section 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 April 29, 1987.