HomeMy Public PortalAbout04167 O R D I N A N C E NO. 4167
AN ORDINANCE, authorizing and directing the Executive
Director and Secretary-Treasurer on behalf of The Metropolitan St.
Louis Sewer District to enter into a contract with Caribou Four
Corners, Inc., whereby Caribou Four Corners, Inc. will purchase
One Thousand Seven Hundred Ninety-four (1,794.) of the District's
energy entitlements at a price of Twenty-seven and 32/100 Dollars
($27.32) per entitlement, pursuant to the United States Department
of Energy Entitlement Program.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Executive Director and Secretary -
Treasurer are hereby authorized and directed on behalf of the
Metropolitan St. Louis Sewer District to enter into a contract
with Caribou Four Corners, Inc., whereby Caribou Four Corners,
Inc. will purchase One Thousand Seven Hundred Ninety-four (1,794)
of the District's energy entitlements at a price of Twenty-seven
and 32/100 Dollars ($27.32) per entitlement, pursuant to the
United States Department of Energy Entitlement Program.
Section Two. The United States Department of Energy
Entitlement Program is currently the subject of litigation and
should said program be held invalid or inoperative, then the
District, pursuant to the Court's Order, may be required to refund
all or a portion of the funds received through the contract
above-described in Section One.
Section Three. The contract authorized in Section One
of this ordinance shall be comprised of such terms and conditions
as are approved by the Director of Legal Services of the District.
The foregoing Ordinance was adopted September 17, 1980.