HomeMy Public PortalAbout14310ORDINANCE NO. 14310
AN ORDINANCE, with an emergency clause, calling a Bond Election to be held
on April 5, 2016 in The Metropolitan St. Louis Sewer District on the Proposition whether to
issue Nine Hundred Million Dollars ($900,000,000.00) principal amount of Sewer Revenue
Bonds.
WHEREAS, Section 7.170 of the Charter (Plan) (the “Charter”) of The
Metropolitan St. Louis Sewer District (the “District”) authorizes the District to issue District
wide revenue bonds with the assent of a simple majority of the voters of the District; and
WHEREAS, the Rate Commission of The Metropolitan St. Louis Sewer District,
being duly established by the Board of Trustees of the District pursuant to Section 7.040 of the
Charter, issued its Rate Recommendation Report dated July 30, 2015 (the “Rate Commission
Report”) recommending that the District submit for approval by the voters of the District a
proposition authorizing the issuance of Nine Hundred Million Dollars ($900,000,000.00)
principal amount of sewer revenue bonds to pay a portion of the cost of the Capital Improvement
and Replacement Program; and
WHEREAS, the Board of Trustees of the District, after due deliberation and
consideration of the Rate Commission Report, has determined that it is necessary and in the best
interest of the District that an election be held in the District on April 5, 2016 on the proposition
set forth below;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT, AS FOLLOWS:
Section One. The Board of Trustees of the District finds it necessary and hereby
declares its intent to borrow Nine Hundred Million Dollars ($900,000,000.00) for the purpose of
designing, constructing, improving, renovating, repairing, replacing and equipping new and
existing sewer and drainage facilities and systems, including sewage treatment and disposal
plants, sanitary sewers, and acquisition of easements and real property related thereto, and to
evidence such borrowing by the issuance of sewer revenue bonds of the District in the amount of
Nine Hundred Million Dollars ($900,000,000.00). The authorization of said bonds will authorize
the District to fix, establish, maintain and collect rates and charges for the services provided by
the District through its wastewater sewer system, including all extensions and improvements
thereto hereafter constructed or acquired by the District, in addition to the other rates and charges
for such services provided by law, as will produce income and revenues sufficient to provide
funds to pay the costs of operation and maintenance of said wastewater sewer system and the
principal of and interest on said bonds as they become due, and to provide for the establishment
of reasonable reserves therefor.
Section Two. A bond election is hereby ordered to be held in the District on
Tuesday, April 5, 2016 for the purpose of submitting the following proposition to the qualified
voters of the District:
PROPOSITION _____
To comply with federal and state clean water requirements, shall The
Metropolitan St. Louis Sewer District (MSD) issue its sewer revenue bonds in
the amount of Nine Hundred Million Dollars ($900,000,000.00) for the
purpose of designing, constructing, improving, renovating, repairing,
replacing and equipping new and existing MSD sewer and drainage facilities
and systems, including sewage treatment and disposal plants, sanitary
sewers, and acquisition of easements and real property related thereto, the
cost of operation and maintenance of said facilities and systems and the
principal of and interest on said revenue bonds to be payable solely from the
revenues derived by MSD from the operation of its wastewater sewer system,
including all future extensions and improvements thereto?
Section Three. The form of the Notice of Bond Election for said bond election, a
copy of which is attached hereto as Exhibit A and incorporated herein by reference, is hereby
approved.
Section Four. The Secretary-Treasurer of the District is hereby authorized and
directed to notify the Board of Election Commissioners of the City of St. Louis, Missouri and the
Board of Election Commissioners of St. Louis County, Missouri of the adoption of this
Ordinance no later than 5:00 p.m. on January 26, 2016, and to include in said notification all of
the terms and provisions required by the Comprehensive Election Act, Chapter 115 of the
Revised Statutes of Missouri, as amended, and by Section 10.010 of the Charter.
Section Five. Emergency Clause. This ballot language needs to be enacted
without delay, thus creating an emergency within the meaning of the Charter, to support the
election filing deadline with the City of St. Louis and St. Louis County Board of Election
Commissioners.
Section Six. This Ordinance shall be governed by and construed and enforced in
accordance with the laws of the State of Missouri and the Charter.
The foregoing ordinance was adopted on December 10, 2015.
EXHIBIT A
NOTICE OF BOND ELECTION
THE METROPOLITAN ST. LOUIS SEWER DISTRICT
Notice is hereby given to the qualified voters of The Metropolitan St. Louis Sewer
District, that the Board of Trustees of the District has called a bond election to be held in the
District on Tuesday, April 5, 2016, commencing at 6:00 a.m. and closing at 7:00 p.m., on the
proposition contained in the following sample ballot:
OFFICIAL BALLOT
BOND ELECTION
THE METROPOLITAN ST. LOUIS SEWER DISTRICT
APRIL 5, 2016
PROPOSITION _____
To comply with federal and state clean water requirements, shall The
Metropolitan St. Louis Sewer District (MSD) issue its sewer revenue bonds in
the amount of Nine Hundred Million Dollars ($900,000,000.00) for the
purpose of designing, constructing, improving, renovating, repairing,
replacing and equipping new and existing MSD sewer and drainage facilities
and systems, including sewage treatment and disposal plants, sanitary
sewers, and acquisition of easements and real property related thereto, the
cost of operation and maintenance of said facilities and systems and the
principal of and interest on said revenue bonds to be payable solely from the
revenues derived by MSD from the operation of its wastewater sewer system,
including all future extensions and improvements thereto?
YES
NO
INSTRUCTIONS TO VOTERS: If you are in favor of the proposition, place an
X in the box opposite “YES.” If you are opposed to the proposition, place an X in the box
opposite “NO.”
The election will be held at the following polling places in The Metropolitan St.
Louis Sewer District:
PRECINCT POLLING PLACE
_________________________ ______________________
_________________________ ______________________
DATED THIS _____ DAY OF ____________, 2016.
BOARD OF ELECTION COMMISSIONERS
OF THE CITY OF ST. LOUIS, MISSOURI
By:
BOARD OF ELECTION COMMISSIONERS
OF ST. LOUIS COUNTY, MISSOURI
By: