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HomeMy Public PortalAbout02386 O R D I N A N C E NO. 2386 AN ORDINANCE transferring Forty-six Thousand Five Hundred Dollars ($46,500.00) from the General Fund of the District as a loan to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 380 (Upper Paddock Creek), and providing for the repayment of said sum; and further appropriating One Hundred Ten Thousand Dollars ($110,000.00) from the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 380 (Upper Paddock Creek) to be used for the construction of improvements of the channel of Subdistrict No. 380 (Upper Paddock Creek). BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Forty-six Thousand Five Hundred Dollars ($46,500.00) is hereby transferred from the General Fund of the District as a loan to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 380 (Upper Paddock Creek); said sum to be repaid from the revenue of that subdistrict from taxes levied, assessed and collected as soon as they are received, until fully repaid. Section Two. The officers of the District are directed to repay to the General Fund of the District the Forty- six Thousand Five Hundred Dollars ($46,500.00) as soon as receipts are collected from the taxes levied for such Subdistrict No. 380 (Upper Paddock Creek), until repaid. Section Three. The sum of One Hundred Ten Thousand Dollars ($110,000.00) is hereby appropriated from the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 380 (Upper Paddock Creek) to be used for the construction of improvements of the channel of Subdistrict No. 380 (Upper Paddock Creek). Section Four. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted February 15, 1973.