HomeMy Public PortalAbout02952 O R D I N A N C E NO. 2952
AN ORDINANCE, appropriating Seventy-one Thousand Seven
Hundred Fifty-five and 33/100 Dollars ($71,753.33) from the
General Fund of the District as a loan to be used for the
construction of sanitary sewers in Subdistrict No. 361 (Ponca
Trail Sanitary Interceptor), and providing for repayment of such
loan.
WHEREAS, proceedings have been taken for the
construction of sanitary sewers in Subdistrict No. 361 (Ponca
Trail Sanitary Interceptor) to be paid for by special tax bills or
other evidence of special benefit assessments upon the land
benefitted by such improvement, and
WHEREAS, the Environmental Protection Agency, United
States of America, has approved a grant in aid of financing such
improvement conditioned on the advance payment of costs in cash by
the District,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The sum of Seventy-one Thousand Seven
Hundred Fifty-five and 33/100 Dollars ($71,755.33) is hereby
appropriated from the General Fund of the District as a loan to be
used for the construction of sanitary sewers in Subdistrict No.
361 (Ponca Trail Sanitary Interceptor), pending payment into the
General Fund of the District of the costs hereby advanced from
federal grants in aid, cash payments in aid from any other source,
and from the proceeds of collection of special benefit assessments
levied, or special tax bills issued, to pay such costs.
Section Two. The anticipated payments, together with
any interest earned shall be paid into the General Fund of the
District named in Section One.
Section Three. This Ordinance, being an appropriation
Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted December 10, 1975.