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HomeMy Public PortalAbout02423 O R D I N A N C E NO. 2423 AN ORDINANCE transferring Nine Hundred Thousand Dollars ($900,000.00) from the unappropriated surplus of the General Fund of the Mississippi River Subdistrict in part as a loan to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. Seven of the River des Peres Watershed (Wellston Area) and providing for the repayment of Eight Hundred Ten Thousand Dollars ($810,000.00) of said sum; and further appropriating One Million Fifty Thousand Dollars ($1,050,000.00) from the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. Seven of the River des Peres Watershed (Wellston Area) to be used for the construction of sanitary sewers in the project known as the Wellston Sanitary Lateral Sewer in Subdistrict No. Seven of the River des Peres Watershed (Wellston Area). BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Nine Hundred Thousand Dollars ($900,000.00) is hereby transferred from the unappropriated surplus of the General Fund of the Mississippi River Subdistrict as a loan to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. Seven of the River des Peres Watershed (Wellston Area); Eight Hundred Ten Thousand Dollars ($810,000.00) of said sum to be repaid as funds are available from grants from the United States Department of Housing and Urban Development. Section Two. The officers of the District are directed to repay to the General Fund of the Mississippi River Subdistrict Fund of the District the Eight Hundred Ten Thousand Dollars ($810,000.00) as soon as receipts are collected from the United States Department of Housing and Urban Development. Section Three. The sum of One Million Fifty Thousand Dollars ($1,050,000.00) is hereby appropriated from the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. Seven of the River des Peres Watershed (Wellston Area) to be used for the construction of sanitary sewers in the project known as the Wellston Sanitary Lateral Sewer in Subdistrict No. Seven of the River des Peres Watershed (Wellston Area). Section Four. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted May 2, 1973.