HomeMy Public PortalAboutR2553R E S O L U T I O N NO. 2553
WHEREAS, pursuant to the Bond Issue Election of February
3, 2004, the District is desirous of establishing and implementing a
cohesive policy for the use of debt to finance capital projects, and
WHEREAS, the District seeks to understand the impact of
the Capital Improvement and Replacement Program, including associated
debt financing, on the Wastewater User Charge structure, and
WHEREAS, the District has retained Public Financial
Management (PFM) to assist the District in establishing a framework for
the use of debt, and
WHEREAS, Public Financial Management (PFM) has
submitted a proposed debt policy for the District's approval, and
WHEREAS, the aforesaid proposed debt policy has been
reviewed by the District's staff and Finance Committee, and
WHEREAS, the Finance Committee has recommended the
acceptance of said debt policy,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF
TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT,
THAT, the debt policy as developed by Public Finance Management (PFM)
be, and are hereby adopted on behalf of the District.
The foregoing Resolution was adopted April 1, 2004.