HomeMy Public PortalAbout04623 O R D I N A N C E NO. 4623
AN ORDINANCE, transferring Seventy Thousand Seven
Hundred Dollars ($70,700.00) from the General Fund of the District
as a loan to the Improvement Fund, and appropriating Seventy
Thousand Seven Hundred Dollars ($70,700.00) 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. 541 (Theiss & Von
Talge) C-844, 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. 541 (Theiss & Von
Talge) C-844, 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 Seventy Thousand Seven Hundred
Dollars ($70,700.00) 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.
541 (Theiss & Von Talge) C-844, 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 January 20, 1982.