HomeMy Public PortalAbout00360 O R D I N A N C E NO. 360
AN ORDINANCE, making an appropriation in the sum of
Twenty-five Thousand Dollars ($25,000.00) out of the unexpended
and unencumbered balance of the Real Property Purchase Fund to
Real Property Purchases, Account No. 7-1042, for the purpose of
making an earnest money deposit as part of the purchase price of
an improved tract of land in the City of St. Louis for the use of
the District.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. There is hereby appropriated and set apart
out of the unexpended and unencumbered balance of the Real
Property Purchase Fund the sum of Twenty-five Thousand Dollars
($25,000.00) to Real Property Purchases, Account No. 7-1042, for
the purpose of making an earnest money deposit as part of the
purchase price of an improved tract of land of John Hancock Life
Insurance Company in the City of St. Louis for the use of the
District, such tract consisting of three and one-half acres, more
or less, and known as 2000 Hampton Avenue.
Section Two. The Executive Director is authorized and
directed to encumber the appropriation made in Section One by
executing in behalf of the District, attested by the Secretary-
Treasurer, an earnest money contract for the purchase of the
above-described realty by warranty deed at a price not to exceed
Six Hundred Thousand Dollars ($600,000.00) and to secure said
contract by deposit of the sum appropriated in Section One, on
condition that the sum so deposited shall apply to the purchase
price.
Section Three. This, being an appropriation ordinance,
shall take effect immediately upon its enactment.
The foregoing Ordinance was adopted January 8, 1960. -2-