HomeMy Public PortalAboutR2047 R E S O L U T I O N NO. 2047
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 1996
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, VII and IX of the District's 1992-93
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
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ending in 1996.
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, VII and IX of the District's
1992-93 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 1996.
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 1992-93 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 1992-93 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 1992-93 and the appropriation of
funds therefor may be approved by the Board of Trustees of the
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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.
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The foregoing Resolution was adopted April 29, 1992