HomeMy Public PortalAbout04496 O R D I N A N C E NO. 4496
AN ORDINANCE, transferring One Hundred Twenty-one
Thousand Five Hundred Dollars ($121,500.00) from the General Fund
of the District as a loan to the Improvement Fund, and
appropriating One Hundred Twenty-one Thousand Five Hundred Dollars
($121,500.00) from the Improvement Fund as an advancement for the
construction of sanitary sewers, together with repayment of
miscellaneous other costs incurred with such construction project,
in Subdistrict No. 498 (Twilight Drive) C-810, in St. Louis
County, Missouri, and providing for repayment of such loan and
advancement.
WHEREAS, proceedings have been taken for the con-
struction of sanitary sewers in Subdistrict No. 498 (Twilight
Drive) C-810, to be paid for by special tax bills or other
evidence of special benefit assessments upon the land benefited 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 One Hundred Twenty-one
Thousand Five Hundred Dollars ($121,500.00) is hereby transferred
as a loan to the Improvement Fund as an advancement for the
construction of sanitary sewers, together with repayment of
miscellaneous other costs incurred with such construction project,
in Subdistrict No. 498 (Twilight Drive) C-810, in St. Louis
County, Missouri, pending payment into the Improvement 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 Three. The anticipated payments, together with
any interest earned, shall be paid into the Improvement Fund named
in Section Two above, and shall be transferred by the Director of
Finance from the Improvement Fund of the District as repayment of
the loan directed in Section One above.
Section Four. This ordinance, being an appropriation
ordinance, shall take effect immediately upon its enactment.
The foregoing Ordinance was adopted September 9, 1981.