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R E S O L U T I O N NO. 2287
WHEREAS, the Executive Director has prepared a list of proposed expenditures
for the District in the form of a Capital Improvement & Replacement Program for the next four
fiscal years ending in 2002 in compliance with Section 7.090 of the District's Plan; and
WHEREAS, the Capital Improvement & Replacement Program is set forth in
Sections II, III, VI, VII and IX of the District's 1998-99 Proposed Budget; and
WHEREAS, the Capital Improvement & Replacement Program is a long-term plan
for financing capital improvements in the District and the Subdistrict; and
WHEREAS, the capital improvements set forth in the Capital Improvement &
Replacement 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 & Replacement 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 & Replacement Program as the capital improvement planning document of the
District for the next four fiscal years ending in 2002.
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 & Replacement Program as set
forth in Sections II, III, VI, VII and IX of the District's 1998-99 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
2002.
Section Two. That the Capital Improvement & Replacement 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 1998-99 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 & Replacement Program for fiscal year 1998-99 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 & Replacement
Program until further action by the Board of Trustees.
Section Four. That the specific capital improvements to be constructed in fiscal
year 1998-99 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 & Replacement 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 9, 1998.