HomeMy Public PortalAboutR2507R E S O L U T I O N NO. 2507
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, the District, on May 16, 2002, referred proposed rate
changes in the wastewater rates for review by the Rate Commission, and
WHEREAS, upon review and consideration 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 Rate Commission presented its Rate
Recommendation Report dated October 25, 2002 to the Board of Trustees on
November 14, 2002; and
WHEREAS, pursuant to Resolution No. 2479 adopted by the Board
of Trustees on December 13, 2002, the Board of Trustees accepted the Rate
Commission’s Rate Recommendation Report; and
WHEREAS, pursuant to the adoption of Ordinance 11423 on
January 23, 2003, the Board authorized the placement of a proposed revenue
bond issue on the April 8, 2003 ballot;
WHEREAS, on March 6, 2003, three new members of the Board of
Trustees were appointed by the Mayor of St. Louis and two new members by
the St. Louis County Executive; and
WHEREAS, on March 10, 2003, the new Board of Trustees adopted
Ordinance NO. 11459 authorizing the removal of the proposed revenue bond
issue from the April, 2003 ballot, and directed District staff to consider the
effect of a delayed revenue bond issue on wastewater rates; and
WHEREAS, on March 27, 2003, the Board of Trustees considered
certain wastewater rate change amendments for submittal to the Rate
Commission; and
WHEREAS, the District, on April 4, 2003, referred proposed rate
change amendments to the wastewater rates (the “Amendments”) for review by
the Rate Commission; and
WHEREAS, upon review and consideration pursuant to Section
7.280(f) of the Charter on May 22, 2003, the Rate Commission presented its
Rate Recommendation Report dated May 19, 2003 to the Board of Trustees;
and
WHEREAS, to finance the District’s Capital Improvement Program
and the attendant cost of operation and maintenance, the Rate Commission
has approved the District’s Amendments raising wastewater rates this summer.
Furthermore, 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 bond initiative of a Five
Hundred Million ($500,000,000.00) revenue bond issue,
WHEREAS, the Board of Trustees hereby wishes to accept the rate
Commission’s Report dated May 19, 2003.
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
May 19, 2003.
The foregoing Resolution was adopted June 12, 2003.