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HomeMy Public PortalAboutR2956RESOLUTION NO. 2956 A RESOLUTION transferring the remaining balance and all future surcharges from the Williams Creek Construction Fund 6620 into the Meramec River Basin Subdistrict No.449 OMCI Fund 5591 and the Caulks Creek Construction Fund 6610 into the Sanitary Replacement Fund 6660. WHEREAS, The William’s Creek and Caulk’s Creek Construction Funds were established to provide a funding source to extend and upgrade the existing sanitary system in these watersheds in order to accommodate future development; WHEREAS, monies deposited into these accounts were raised from a per acre surcharge on all newly developed property within those watersheds; and WHEREAS, improvements were needed before sufficient surcharge funds were collected, these projects were paid for from the Meramec River Basin Subdistrict No.449 OMCI Fund 5591 and the Sanitary Replacement Fund 6660 respectively; and WHEREAS, the amounts available in these funds are insufficient to repay the construction advanced by the Meramec River Basin Subdistrict No.449 OMCI Fund 5591 and the Sanitary Replacement Fund 6660, respectively; WHEREAS NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One: that all future connection fees from the Williams Creek Construction Fund 6620 be deposited into the Meramec River Basin Subdistrict No.449 OMCI Fund 5591 and from the Caulks Creek Construction Fund 6610 into the Sanitary Replacement Fund 6660. The foregoing Resolution was adopted February 10, 2011