Capital Improvements Budget;  Fiscal Years 2008-2012

 

RESOLUTION 2007-01

 

WHEREAS, The St. Mary’s County Metropolitan Commission (the “Commission”) is responsible for providing water and/or sewerage services (the “Services”) to those portions of St. Mary’s County where such services have been deemed necessary and appropriate; and 

WHEREAS, provision of the Services necessarily requires the construction and maintenance of certain water distribution and collection systems, wastewater collection systems and wastewater treatment systems (the “Systems”); and 

WHEREAS, to efficiently provide the Services, it is necessary for the Commission to conduct and maintain certain studies, plans and estimates (collectively the “Studies”), to identify: 

(a)               those areas to which Services should be extended;

(b)               those areas  wherein existing Services and/or Systems require upgrade or expansion; and

(c)                those areas wherein existing Services and/or Systems require repair and/or replacement. 

WHEREAS, the Studies provide the basis for the preparation of the Commission’s five (5) year Capital Improvement Plan (“CIP”), wherein the Commission identifies every anticipated capital improvement project planned to be accomplished during the most immediate five-year period; and

           WHEREAS, the CIP also establishes the currently anticipated cost of each project identified and the projected source of funding for each project; and  

WHEREAS, the CIP for Fiscal Year 2008 through Fiscal Year 2012,is attached hereto as Exhibit A and incorporated by reference herein; 

NOW THEREFORE, in consideration of the recitals contained herein above, be it hereby resolved that: 

1.                  The Commission, after reviewing the CIP for Fiscal Year 2008 – Fiscal Year 2012 (“FY 08 CIP”), hereby adopts said CIP, thereby acknowledging and  approving the projects, estimated project costs and projected funding sources contained therein;

2.                  The Commission, based upon currently available financial reports of the Commission, hereby authorizes the Commission to incur the debt required to facilitate the FY 08 CIP, as scheduled, in amounts not to exceed those estimated project costs contained in the FY 08 CIP;

3.                  The Commission hereby acknowledges that, depending upon the projected source of funding for each project identified by the FY 08 CIP, it may be necessary for additional approving resolutions to be executed by the Commission to satisfy certain specific requirements established by each funding source, including but not limited to local, State and/or Federal funding programs. 

IT FURTHER RESOLVED, that an updated CIP shall be prepared by Commission staff and approved by the Commission prior to the commencement of each new fiscal year. 

BE IT FURTHER RESOLVED, that this Resolution shall take effect immediately and remain in effect until the end of Fiscal Year 2008, by which time a similar Resolution shall be adopted by this Commission for Fiscal Year 2009. 

APPROVED AS OF THIS          DAY OF JULY, 2007.

  

Attest:                                                 ST. MARY’S COUNTY

METROPOLITAN COMMISSION:

 

_____________________                  __________________________________________

Lilian J. Bryan, Secretary                 Francis E. Taylor, Chairman 

                                                            __________________________________________

                                                            Kathleen M. Werner, Vice Chairman                                               

                                                            __________________________________________

                                                            Philip M. Cranford, Commissioner                                                         

                                                            __________________________________________

                                                            Thomas C. Lancaster, Commissioner                                          

                                                            __________________________________________

                                                            Joseph A. St. Clair, Commissioner 

                                                            __________________________________________

                                                            Kevin J. Suggs, Commissioner 

                                                                                                                                               

                                                            Noel T. Wood, Commissioner

 

Approved as to Legal Sufficiency

                                                           

Jacquelyn V. Meiser, General Counsel