HomeMy Public PortalAboutR2478R E S O L U T I O N NO. 2478
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 four fiscal years ending in 2006 in compliance with Section 7.130
of the District's Plan; and
WHEREAS, the Capital Improvement & Replacement Program is set
forth in the District’s Program Planning of the District’s Capital Improvement and
Replacement Program Summary Report, and
WHEREAS, the Capital Improvement & Replacement Program is a
long-term plan for financing capital improvements in the District, 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 the design of capital improvements set forth
in the Capital Improvement & Replacement Program are based upon estimates
and may change when the design contracts are negotiated, and
WHEREAS, the Board of Trustees deems it desirable to provide an
advanced program to initiate design of capital improvements for projects to
commence in the District’s 2003-2004 Fiscal Year.
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 the District’s 2002-2003 Proposed Budget, as herein supplemented,
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 four fiscal years ending 2006.
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 for the remainder of
Fiscal Year 2002-2003, 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. The design for the specific capital improvements will
begin in Fiscal Year 2002-2003 and the appropriation of funds therefore 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 Four. 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.
The foregoing Resolution was adopted December 13, 2002.