HomeMy Public PortalAboutr2405R E S O L U T I O N NO. 2405
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 next four fiscal years ending in 2005 in compliance with Section
7.090 of the District's Plan; and
WHEREAS, the Capital Improvement & Replacement Program is set
forth in Sections II, III, VI, VII and IX of the District's 2001-2002 Proposed Budget;
and
WHEREAS, the Capital Improvement & Replacement Program is a
long-term plan for financing capital improvements in the District and the
Subdistrict; 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 capital improvements set forth in the Capital
Improvement & Replacement Program are based upon engineering estimates and
may change when construction of the capital improvements are bid and the
contracts for construction are awarded; and
WHEREAS, the Board of Trustees deems it desirable to provide a
Capital Improvement & Replacement Program as the capital improvement
planning document of the District for the next four fiscal years ending in 2005.
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 Sections II, III, VI, VII and IX of the District's 2001-2002 Proposed
Budget 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 next four fiscal years ending 2005.
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 and the Subdistricts
for Fiscal Year 2001-2002 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. That it is the intent of the Board of Trustees that the
amounts shown in the Capital Improvement & Replacement Program for Fiscal
Year 2001-2002 which are derived from District and Subdistrict funds be set aside
for capital improvements within the appropriate District or Subdistrict as
identified in the Capital Improvement & Replacement Program until further action
by the Board of Trustees.
Section Four. That the specific capital improvements to be
constructed in Fiscal Year 2001-2002 and the appropriation of funds therefor 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 Five. 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 and Subdistricts.
The foregoing Resolution was adopted April 12, 2001.