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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. -2-