HomeMy Public PortalAboutORD15521 BILL NO. 2015-135
SPONSORED BY COUNCILMAN Scrivner
ORDINANCE NO. / 5-5A
AN ORDINANCE AMENDING CHAPTER 29 (SEWERS AND SEWAGE DISPOSAL),
SECTION 29-132 (DISBURSAL OF FUNDS), OF THE CODE OF THE CITY OF
JEFFERSON, MISSOURI, TO REFLECT ACTUAL SEWER BOND COVENANTS AND
CITY FINANCIAL POLICIES.
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NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE CITY OF
JEFFERSON, MISSOURI, AS FOLLOWS:
Section 1. Chapter 29 (Sewage and Sewage Disposal) Sec. 29-132 (Disbursal of
Funds), of the Code of the City of Jefferson, Missouri, is amended as follows:
Sec. 29-132. Disbursal of funds.
All revenues derived from the operation of the sewerage system, as collected, shall be deposited in the
sewer revenue fund. and shall be held, handled. and disbursed in accordance with the terms of any bond
ordinance for issuance of sewage revenue bonds authorized and issued by the city. An amount equal to
the larger value of either the requirement of any active sewerage revenue bond covenants or the
fiscal reserve established by City financial policy •- .:•:.• • :•- •: -: •• •:
.t. . . . . • .. shall be deposited in the replacement account as prescribed in the bond
ordinance and shall be used only for the replacement as set forth in Attachment A to Ordinance No. 9617.
Section 2. This Ordinance shall be in full force and effect from and after the date
of its passage and approval. //��
Passed:��� / /S(X'JY//L/' Approved:_ 0, 9-0/(o
Presiding Officer Mayor Carrie Tergin �/ U
ATTEST: APPROVED AS TO FORM:
ity"CI rk . ity Counselor
Editor's note: Deleted language shown thus.Added language shown thus.