HomeMy Public PortalAbout13379ORDINANCE NO. 13379
AN ORDINANCE, appropriating Two Million Dollars ($2,000,000.00) from the
Lower Meramec River Basin OMCI and authorizing the Executive Director and Secretary-
Treasurer to execute an agreement for a No Interest Loan in the amount of Two Million Dollars
($2,000,000.00) to the City of Valley Park to provide initial capital for sanitary sewer design and
construction in the City of Valley Park, Peerless Park Sewers (11835).
NOW THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Two Million Dollars ($2,000,000.00) is hereby
appropriated from the Lower Meramec River Basin OMCI as a No Interest Loan to the City of
Valley Park - Peerless Park Sewers (11835) for sanitary sewer design and construction. Terms
and conditions of this sale are to be determined by the Office of the General Counsel of the
Metropolitan St. Louis Sewer District.
Section Two. The Executive Director and Secretary-Treasurer are hereby
authorized on behalf of The Metropolitan St. Louis Sewer District to enter into an agreement
with City of Valley Park to execute a No Interest Loan.
Section Three. The Agreement authorized in Section Two of this ordinance shall
be comprised of such terms and conditions as are approved by the General Counsel of the
District.
Section Four. This ordinance, being an appropriation ordinance, shall take effect
immediately upon its enactment.
The foregoing Ordinance was adopted April 12, 2012.