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R2447R E S O L U T I O N NO. 2447 WHEREAS, The Metropolitan St. Louis Sewer District has planned the construction of the Lower Meramec River Wastewater Treatment Plant, and WHEREAS, the District anticipates that any or all of the capital expenditures made by the District for the construction of said plant will be reimbursed to the District through the proceeds of bonds, notes or lease purchase obligations, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, That The Metropolitan St. Louis Sewer District anticipates capital expenditures after the dates of adoption of this Resolution in connection with the construction of the Lower Meramec River Wastewater Treatment Plant, and the District intends to reimburse itself for such capital expenditures through the proceeds of bonds, notes, or lease purchase obligations. BE IT FURTHER RESOLVED, That the maximum amount of the aforesaid bonds, notes or lease purchase obligations expected to be issued is One Hundred Eighty-one Million Dollars ($181,000,000.00). The Foregoing Resolution was adopted May 13, 2002.