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R2479 R E S O L U T I O N NO. 2479 WHEREAS, Section 7.040 of the Charter of The Metropolitan St. Louis Sewer District established the Rate Commission to review and make recommendations to the Board of Trustees regarding all proposed changes in the District’s wastewater rates and stormwater rates, and WHEREAS, pursuant to section 7.280(b) of the Charter, on May 16, 2002, the District issued a Rate Change Notice specifying a Proposed Rate Change to the Rate Commission, and WHEREAS, the Rate Commission initiated its formal investigation of said Proposed Rate Change, and pursuant to Section 7.280(f) of the Charter, used one hundred twenty (120) days and was granted an additional forty-five (45) day period within which to issue its Rate Recommendation Report, and WHEREAS, pursuant to Section 7.280(f) of the Charter, on October 28, 2002 the Rate Commission delivered its Rate Recommendation Report dated October 25, 2002 to the Board of Trustees, and WHEREAS, the Board of Trustees are in agreement with the Rate Commission’s Rate Recommendation Report and independent of said Report the Board of Trustees would present to the voters a Five Hundred Million ($500,000,000.00) revenue bond issue. WHEREAS, the Board of Trustees hereby wishes to accept the Rate Commission’s Rate Recommendation Report, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT, THAT the Board hereby accepts the Rate Commission’s Recommendation Report dated October 25, 2002. The foregoing Resolution was adopted December 13, 2002.