HomeMy Public PortalAbout02860 O R D I N A N C E NO. 2860
AN ORDINANCE transferring Three Hundred Ten Thousand
Dollars ($310,000.00) from the unappropriated surplus of the
Mississippi River Subdistrict Operating Fund to the Operation,
Maintenance and Construction Improvement Fund of Deer Creek, and
appropriating Three Hundred Ten Thousand Dollars ($310,000.00)
from the Operation, Maintenance and Construction Improvement Fund
of Deer Creek for the construction of storm sewers in the project
known as Tuscany Park Storm Sewer Project (74-DC-4), in the City
of Clayton, 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 money will be returned to the
Operation, Maintenance and Construction Improvement Fund of Deer
Creek, and then repaid to the Mississippi River Subdistrict
Operating Fund, and
WHEREAS, the City of Clayton, 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 money will be returned to the Operation, Maintenance and
Construction Improvement Fund of Deer Creek and then repaid to the
Mississippi River Subdistrict Operating Fund,
WHEREAS, the sums advanced to the Operation,
Maintenance and Construction Improvement Fund of Deer Creek are in
the nature of a loan; upon receipt by the Operation, Maintenance
and Construction Improvement Fund of Deer Creek of funds, such
sums shall be repaid to the Mississippi River Subdistrict
Operating Fund.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Three Hundred Ten Thousand
Dollars ($310,000.00) is hereby transferred from the
unappropriated surplus of the Mississippi River Subdistrict
Operating Fund to the Operation, Maintenance and Construction
Improvement Fund of Deer Creek.
Section Two. The sum of Three Hundred Ten Thousand
Dollars ($310,000.00) is hereby appropriated from the Operation,
Maintenance and Construction Improvement Fund of Deer Creek to be
used for the construction of storm sewers in the project known as
Tuscany Park Storm Sewer Project (74-DC-4), in the City of
Clayton, Missouri.
Section Three. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted June 25, 1975.