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HomeMy Public PortalAbout02848 O R D I N A N C E NO. 2848 AN ORDINANCE appropriating One Hundred Seventy-six Thousand Dollars ($176,000.00) from the Operation, Maintenance and Construction Improvement Fund of Coldwater Creek to be used for the construction of storm sewers in Subdistrict No. 383 (LaVenta- LaSierra) 74-CC-5, in the City of Florissant, Missouri. WHEREAS, the State of Missouri has agreed to contribute one-third (1/3) of 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 Coldwater Creek, and WHEREAS, the City of Florissant, Missouri has agreed to contribute one-third (1/3) of the costs of said project; upon the receipt of such funds from said source, the Executive Director is authorized to issue the notice to proceed to the contractor, and said moneys will be returned to the Operation, Maintenance and Construction Improvement Fund of Coldwater Creek, and WHEREAS, the sums advanced by the Operation, Maintenance and Construction Improvement Fund of Coldwater Creek are in the nature of a loan; upon receipt by the Operation, Maintenance and Construction Improvement Fund of Subdistrict No. 383 (LaVenta-LaSierra) of funds, such sums shall be repaid to the Operation, Maintenance and Construction Improvement Fund of Coldwater Creek, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of One Hundred Seventy-six Thousand Dollars ($176,000.00) is hereby appropriated from the Operation, Maintenance and Construction Improvement Fund of Coldwater Creek to be used for the construction of storm sewers in Subdistrict No. 383 (LaVenta-LaSierra) 74-CC-5, in the City of Florissant, Missouri. Section Two. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. 3 The foregoing Ordinance was adopted June 25, 1975.