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HomeMy Public PortalAbout03728 O R D I N A N C E NO. 3728 AN ORDINANCE, appropriating Seventy-eight Thousand Four Hundred Seventy-nine Dollars and Seventy Cents ($78,479.70) from the Missouri Bottoms Connection Charge Account for the annual payment on the principal due on the evidences of indebtedness given for the acquisition of the Missouri Bottoms Sewer Company, for the year ending December 31, 1978. WHEREAS, the Agreement of Purchase and Sale by and among The Metropolitan St. Louis Sewer District and the shareholders of The Missouri Bottoms Sewer Company specified that the District would pay for the acquisition of such company by two evidences of indebtedness, which provided that payments on the principal owed would be all the connection fees received during each calendar year; and WHEREAS, the District has received the sum of Seventy- eight Thousand Four Hundred Seventy Nine Dollars and Seventy Cents ($78,479.70) for connections made to the former Missouri Bottoms Sewer Company sewer system during the year ending December 31, 1978, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Seventy-eight Thousand Four Hundred Seventy-nine Dollars and Seventy Cents ($78,479.70) is hereby appropriated from the Missouri Bottoms Connection Charges Account for the annual payment on the principal due on the evidences of indebtedness given for the acquisition of the Missouri Bottoms Sewer Company, for the year ending December 31, 1978. Section Two. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted February 28, 1979. -2-