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HomeMy Public PortalAbout02711 O R D I N A N C E NO. 2711 AN ORDINANCE transferring Two Hundred Fifty-five Thousand Dollars ($255,000.00) from the Mississippi River Subdistrict Operating Fund as a loan to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 367 (Deer Creek Stormwater Subdistrict), and providing for the repayment of said sum; and further appropriating Two Hundred Fifty-five Thousand Dollars ($255,000.00) from the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 367 (Deer Creek Stormwater Subdistrict) for the construction of storm sewers in the project known as 74-DC-3 (Runnymede Storm Sewer - Phase I, II and III) in the City of Creve Coeur, Missouri. WHEREAS, the State of Missouri has agreed to contribute Ninety Thousand Dollars ($90,000.00) toward the costs of said project; upon the receipt of such funds from said source, said moneys will be returned to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 367 (Deer Creek Stormwater Subdistrict), WHEREAS, the City of Creve Coeur, Missouri, has agreed to contribute Ninety Thousand Dollars ($90,000.00) toward the costs of said project; upon the receipt of such funds from said source, said moneys will be returned to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 367 (Deer Creek Stormwater Subdistrict). NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Two Hundred Fifty-five Thousand Dollars ($255,000.00) is hereby transferred from the Mississippi River Subdistrict Operating Fund as a loan to the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 367 (Deer Creek Stormwater Subdistrict); said sum to be repaid from the revenue of that Subdistrict from taxes levied and assessed in the Year 1974, and to be collected within the 1974-75 fiscal year. Section Two. The officers of the District are directed to repay to the Mississippi River Subdistrict Operating Fund the Two Hundred Fifty-five Thousand Dollars ($255,000.00) as soon as receipts are collected from the tax levy made for the Year 1974 in Subdistrict No. 367 (Deer Creek Stormwater Subdistrict). Section Three. The sum of Two Hundred Fifty-five Thousand Dollars ($255,000.00) is hereby appropriated from the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 367 (Deer Creek Stormwater Subdistrict) for the construction of storm sewers in the project known as 74-DC-3 (Runnymede Storm Sewer - Phase I, II and III) in the City of Creve Coeur, Missouri. Section Four. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. 3 The foregoing Ordinance was adopted December 11, 1974.