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1962, is hereby repealed.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.