97-5173 WWTP Reserve FundC,,w,d,t,d alio
RESOLUTION NUMBER 97-5173
A RESOLUTION ESTABLISHING A WASTEWATER PLANT
REPLACEMENT RESERVE FUND AND PROVIDING FOR FUNDING OF THE
RESERVE FUND.
WHEREAS, the City of Salina, is completing the process of
renovating its wastewater treatment plant; and
WHEREAS, this wastewater project requires the establishment of a
reserve fund with sufficient annual funding to provide for the replacement of
the renovations; and
WHEREAS, it has determined the annual funding requirement, in
accordance with the attached Replacement Schedule (Exhibit A, B, & C), to be
$60,302; SO NOW THEREFORE
Kansas:
BE IT RESOLVED by the Governing Body of the City of Salina,
Section 1. That the Wastewater Treatment Plant Replacement
Reserve Fund be established.
Section 2. That confirming between calendar years 1993 to 1997, the
Water and Wastewater Department budgeted each of these calendar years to
create an EPA Wastewater Plant Reserve Account. The current balance in this
account of $315,000 shall be transferred to the Wastewater Treatment Plant
Replacement Reserve Fund, prior to December 31, 1997.
Section 3. That beginning in calendar year 1998 and for the next 14
years the sum of $60,302 shall be added to the Wastewater Treatment Plant
Replacement Reserve Fund
from
wastewater user
charges.
Withdrawals from
this Replacement Reserve
Fund
shall be used
only for
the replacement of
mechanical equipment at the wastewater plant.
Section 4. That this resolution shall be in full force and effect
from and after its adoption.
Adopted by the Board of Commissioners and signed by the Mayor
this 7th day of July, 1997.
JKr*in M. Saton, Mayor
(SEAL)
ATTEST:
Judy D. ng, CMC, ity Clerk