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HomeMy Public PortalAbout04606REPEALED BY NO. 7420 - 4/13/88 O R D I N A N C E NO. 4606 AN ORDINANCE, repealing Ordinance No. 97, as adopted September 4, 1956, and amended by Ordinance No. 849, as adopted October 15, 1962, and enacting a new ordinance in lieu thereof, providing generally for the issuance of Special Tax Bills, estab- lishing the terms, conditions and provisions applicable thereto, and authorizing and directing the adoption of a standard Special Tax Bill form, with an emergency clause. WHEREAS, The Metropolitan St. Louis Sewer District will from time to time issue Special Tax Bills in payment for improve- ments in special benefit subdistricts, and the Board of Trustees finds it desirable to provide generally therefor, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. Ordinance No. 97, as adopted September 4, 1956, and amended by Ordinance No. 849, as adopted October 15, 1962, is hereby repealed. Section Two. Special Tax Bills shall be issued pursuant to direction by ordinance. Section Three. Special Tax Bills shall be executed by the signature of the Director of Finance under the seal of The Metropolitan St. Louis Sewer District, and shall be attested by the signature of the Secretary-Treasurer. Said Bills shall be registered in the offices of the Director of Finance and the Secretary-Treasurer, and shall be filed with the Recorder of Deeds of the City of St. Louis or of St. Louis County, Missouri, as the case may be, prior to delivery to the person entitled thereto. Said Bills shall be payable to the party entitled thereto at the office of the Secretary-Treasurer, or at some bank or trust company in the City or in the County of St. Louis, at the option of the party so entitled, and shall show on their face that the real property charged thereby has been assessed ratably by area. Section Four. Except as provided in Section Five, below, Special Tax Bills shall be due on the date of issue, and may be paid without interest if paid within thirty (30) days after the date of issue. If not paid within thirty (30) days after the date of issue, such Special Tax Bills shall bear interest from the date of issue equal to that rate at which the District was able to obtain funds for the completion of the special benefit improvements, however, said rate shall not exceed fifteen percent (15%) per annum. Section Five. When requested by the property owner, Special Tax Bills may be made payable in equal annual install- ments, not exceeding six (6). The first annual installment shall be due on the date of issue, and subsequent annual installments shall become due on each succeeding anniversary of the date of issue. Each installment shall bear interest from the date of issue to the date the installment is due equal to that rate at which the District was able to obtain funds for the completion of the special benefit improvements, however, said rate shall not exceed fifteen percent (15%) per annum. In the event of default in the payment when due of any annual installment, all install- ments subsequently payable shall become immediately due and payable at the election of the owner of the Special Tax Bill so payable in installments, and may be enforced by suit or other proceedings in any court of competent jurisdiction. Such installments and any interest remaining due and unpaid shall bear interest from the day on which default in the payment of any installment occurs at the rate equal to that rate at which the District was able to obtain funds for the completion of the special benefit improvements, however, said rate shall not exceed fifteen percent (15%) per annum. Section Six. The Executive Director is hereby authorized and directed to have prepared and to adopt a standard Special Tax Bill form consistent with the provisions hereof. Section Seven. The completion of improvements in Special Benefit Subdistricts for the protection of the public health, and the immediate need of a Special Tax Bill form create an emergency within the meaning of the Plan. Accordingly, this ordinance shall take effect immediately upon its enactment. The foregoing Ordinance was adopted December 30, 1981.