HomeMy Public PortalAbout02397 O R D I N A N C E NO. 2397
AN ORDINANCE, transferring Thirty-seven Thousand Five
Hundred Dollars ($37,500.00) from the Sugar Creek Operation,
Maintenance and Construction Improvement Fund, and Thirty-seven
Thousand Five Hundred Dollars ($37,500.00) from the General Fund
of the District, to the Improvement Fund as loans; and
appropriating Seventy-five Thousand Dollars ($75,000.00) from the
Improvement Fund as an advancement for the entire costs of
constructing sanitary sewers in Subdistrict No. 384 (Hue Vista),
and providing for repayment of said loans and advancement.
WHEREAS, proceedings have been taken for the
construction of sanitary sewers in Subdistrict No. 384 (Hue Vista)
to be paid for by special tax bills or other evidence of special
benefit assessments upon the land benefitted by such improvement,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Thirty-seven Thousand Five
Hundred Dollars ($37,500.00) is hereby lent and transferred from
the unappropriated surplus of the Sugar Creek Operation,
Maintenance and Construction Improvement Fund 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.
384 (Hue Vista).
Section Two. The sum of Thirty-seven Thousand Five
Hundred Dollars ($37,500.00) is hereby lent and transferred from
the unappropriated surplus of the General Fund of the District to
the Improvement Fund as a second priority charge (after that
provided in Section One) against any moneys received by the
Improvement Fund for the cost of improvements in Subdistrict No.
384 (Hue Vista).
Section Three. The sum of Seventy-five Thousand Dollars
($75,000.00) is hereby appropriated from the Improvement Fund to
be used for advancements for the entire costs of constructing
sanitary sewers in Subdistrict No. 384 (Hue Vista), pending
payment into the Improvement Fund of the costs hereby advanced
from cash payments in aid from any source and from the proceeds of
collection of special benefit assessments levied, or special tax
bills issued, 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 March 5, 1973.