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r2739R E S O L U T I O N NO. 2739 WHEREAS, the Executive Director has prepared a list of proposed expenditures for the District in the form of a Capital Improvement & Replacement Program for Fiscal Year 2007-2008 in compliance with Section 7.130 of the District's Plan; and WHEREAS, the Capital Improvement & Replacement Program is set forth in the District’s 2007-2008 Budget; and WHEREAS, the Capital Improvement & Replacement Program is a plan for financing capital improvements in the District and the Subdistricts; 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 Fiscal Year 2007-2008; and WHEREAS, the Capital Improvements & 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 2007-2008 and it 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. 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 the District’s 2007-2008 Proposed Budget is hereby amended subject to the limitations of the Plan of the District and this Resolution as the District's capital improvement planning document for Fiscal Year 2007-2008. Section Two. That the following projects are hereby added to the Capital Improvement & Replacement Program: Emerling-Evans Drainage Improvements; Ferguson Ave. and Salerno Ct. Storm Improvement; and Eva- Wabash Sanitary Relief Phase II. 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 2007-2008 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 2007-2008 and the appropriation of funds therefore 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. The foregoing Resolution was adopted October 11, 2007.