HomeMy Public PortalAbout02208 O R D I N A N C E NO. 2208
AN ORDINANCE, transferring One Hundred Thousand Dollars
($100,000.00) to the Improvement Fund as a loan and advancement
from the two funds named, appropriating the same sum from the
Improvement Fund as an advancement for the entire costs of
constructing storm sewers in Subdistrict No. 359 (Dellwood Creek),
and providing for repayment of such loan and advancement.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Seventeen Thousand Dollars
($17,000.00) is hereby transferred from the unappropriated surplus
of the Operation, Maintenance and Construction Improvement Fund of
Subdistrict No. 359 (Dellwood Creek) to the Improvement Fund as a
first priority charge against any moneys received by the
Improvement Fund for the cost of improvements in Subdistrict No.
359 (Dellwood Creek).
Section Two. The sum of Eighty-Three Thousand Dollars
($83,000.00) is hereby lent and transferred from the
unappropriated surplus of the Maline Creek Operation, Maintenance
and Construction Improvement Fund to the Improvement Fund as a
second priority charge (after that provided in Section One)
against any moneys received the Improvement Fund for the cost of
improvements in Subdistrict No. 359 (Dellwood Creek); said sum to
be repaid from federal grants in aid and from the revenue of
Subdistrict No. 376 (Blackjack-Dellwood Creek) taxes levied and
assessed in 1971 and 1972, and to be collected within the 1971-72
and 1972-73 Fiscal Years.
Section Three. The sum of One Hundred Thousand Dollars
($100,000.00) is hereby appropriated from the Improvement Fund to
be used for advancements for the entire costs of constructing
storm sewers in Subdistrict No. 359 (Dellwood Creek), pending
payment into the Improvement Fund of the costs hereby advanced
from federal grants in aid, cash payments in aid from any other
source, and from the proceeds of collection of moneys from
Subdistrict No. 359 (Dellwood Creek) and Subdistrict No. 376
(Blackjack-Dellwood Creek), to pay such costs.
Section Four. The anticipated payments, together with
any interest earned shall be paid into the Improvement Fund named
in Section Three and shall be transferred by the Director of
Finance from the Improvement Fund to the lending funds named in
Sections One and Two as received and in the order specified in
such sections.
Section Five. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted August 25, 1971.