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HomeMy Public PortalAbout03049 O R D I N A N C E NO. 3049 AN ORDINANCE, appropriating Sixty-two Thousand Dollars ($62,000.00) from the Mississippi River Subdistrict Operating Fund as an advancement for the entire cost of constructing sanitary sewers in Subdistrict No. 395 (Pelota & Valencia), and providing for repayment of said advancement. WHEREAS, proceedings have been taken for the construction of sanitary sewers in Subdistrict No. 395 (Pelota & Valencia) to be paid for by special tax bills or other evidence of special benefit assessments upon the land benefitted by such improvement, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Sixty-two Thousand Dollars ($62,000.00) is hereby appropriated from the Mississippi River Subdistrict Operating Fund to be used as an advancement for the entire cost of constructing sanitary sewers in Subdistrict No. 395 (Pelota & Valencia), pending payment into the Mississippi River Subdistrict Operating Fund of the costs hereby advanced from cash payments in aid from any 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 Mississippi River Subdistrict Operating Fund named in Section One. Section Three. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted April 28, 1976.