HomeMy Public PortalAbout03612 O R D I N A N C E NO. 3612
AN ORDINANCE, creating and establishing an account to
be known as the Construction Account, Fee Fee Trunk Sewer
Subdistrict, with an emergency clause.
WHEREAS, it is the sense of the Board of Trustees that
said account be created and established from which funds are to be
paid for the improvement of the sewerage system of the Fee Fee
Trunk Sewer Subdistrict,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. An account to be known as the
"Construction Account, Fee Fee Trunk Sewer Subdistrict" is hereby
created.
Section Two. The Director of Finance and Secretary-
Treasurer are hereby authorized and directed so to establish said
Construction Account, Fee Fee Trunk Sewer Subdistrict.
Section Three. The remainder of funds realized from
connection fees in the Fee Fee Trunk Sewer Subdistrict, after the
required amounts have been set aside from said connection fees for
the payment of principal and interest pursuant to the Agreement of
Purchase and Sale by and between The Metropolitan St. Louis Sewer
District and Fee Fee Trunk Sewer, Inc., shall be deposited in the
Construction Account, Fee Fee Trunk Sewer Subdistrict, and shall
be used to pay for the improvements of the sewerage system of the
Fee Fee Trunk Sewer Subdistrict.
Section Four. The need for the account as hereby
created and established to pay for improvements to a sewerage
system for the protection of public health has created an
emergency within the meaning of the Plan; accordingly, this
Ordinance shall take effect immediately upon its enactment. The foregoing Ordinance was adopted October 25, 1978.
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