HomeMy Public PortalAbout13211ORDINANCE NO. 13211
AN ORDINANCE, amending Ordinance No. 10561, as adopted June 10, 1999, by
repealing Section Three and enacting a new Section Three in lieu thereof, pertaining to the
transfer of Wastewater Backup Insurance and Reimbursement Fund and establishing a minimum
balance.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. Section Three of Ordinance No. 10561, as adopted June 10, 1999, is
hereby repealed.
Section Two. Section Three of Ordinance No. 10561 shall read as follows:
"Section Three. Transfers to Wastewater Backup Insurance and
Reimbursement Fund. The Board shall transfer annually a portion of the
funds collected from the wastewater user charge to the Wastewater
Backup Insurance and Reimbursement Fund. The amount of funds to be
transferred shall be determined by the Board as part of its annual budget,
and at all times, the minimum balance in this fund shall be One Million
Dollars ($1,000,000.00)."
The foregoing Ordinance was adopted February 10, 2011