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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.