HomeMy Public PortalAboutr2780R E S O L U T I O N NO. 2780 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 2008-2009 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 2008-2009 Proposed 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 2008-2009
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 2008-2009 Proposed Budget is hereby approved subject to the
limitations of the Plan of the District and this Resolution as the District's capital
improvement planning document for Fiscal Year 2008-2009.
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 2008-2009 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 2008-2009 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 2008-2009 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 plan for financing capital improvements in the
District and Subdistricts.