HomeMy Public PortalAbout02219 O R D I N A N C E NO. 2219
AN ORDINANCE, transferring Two Hundred Fifteen Thousand
Dollars ($215,000.00) 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. 358 (Daniel Boone
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 Twenty-Eight Thousand Dollars
($28,000.00) is hereby transferred from the unappropriated surplus
of the Operation, Maintenance and Construction Improvement Fund of
Subdistrict No. 358 (Daniel Boone Creek) to the Improvement Fund
for the cost of improvements in Subdistrict No. 358 (Daniel Boone
Creek).
Section Two. The sum of One Hundred Eighty-Seven
Thousand Dollars ($187,000.00) is hereby lent and transferred from
the unappropriated surplus of the General Fund to the Improvement
Fund, for the cost of improvements in Subdistrict No. 358 (Daniel
Boone Creek); said sum to be repaid from federal grants in aid and
from the revenue of Subdistrict No. 358 (Daniel Boone Creek) taxes
levied and assessed in 1971, 1972 and 1973, and to be collected
within the 1971-72, 1972-73 and 1973-74 Fiscal Years.
Section Three. The sum of Two Hundred Fifteen Thousand
Dollars ($215,000.00) is hereby appropriated from the Improvement
Fund to be used for advancements for the entire costs of
constructing storm sewers in Subdistrict No. 358 (Daniel Boone
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. 358 (Daniel Boone 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 Fund named in
Section Two as received.
Section Five. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted September 16, 1971.