HomeMy Public PortalAboutR2322 R E S O L U T I O N NO. 2322 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 2003 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 1999-2000 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
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of the District for the next four fiscal years ending in 2003.
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 1999-2000 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 2003.
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
1999-2000 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
1999-2000 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 1999-2000 and the appropriation of funds therefor may be approved by the
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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 15, 1999.