HomeMy Public PortalAbout04871 O R D I N A N C E NO. 4871
AN ORDINANCE, transferring Fifty-two Thousand Dollars
($52,000.00) from the Bonfils Operating Fund as a loan to the
Improvement Fund, and appropriating Fifty-two Thousand Dollars
($52,000.00) 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. 573 (Old Trails - Section II) C-911, in the
City of Bridgeton, 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. 573 (Old Trails -
Section II) C-911, 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 Fifty-two Thousand Dollars
($52,000.00) is hereby transferred as a loan from the Bonfils
Operating Fund to the Improvement Fund.
Section Two. The sum of Fifty-two Thousand Dollars
($52,000.00) is hereby appropriated 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. 573 (Old Trails Section
II) C-911, in the City of Bridgeton, 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 October 27, 1982.