HomeMy Public PortalAbout05301 O R D I N A N C E NO. 5301
AN ORDINANCE, transferring Thirty-eight Thousand
Dollars ($88.000.00) from the Bonfils Operating Fund as a loan to
the Improvement Fund, and appropriating Thirty-eight Thousand
Dollars ($38,000.00) 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. 563 (Gist & Mandeville) C-1042, in the
City of Bridgeton, Missouri, and providing for repayment of such
loan and advancement,
WHEREAS, proceedings have been taken for the construc-
tion of sanitary sewers in Subdistrict No. 563 (Gist & Mandeville)
C-1042, 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 Thirty-eight Thousand Dollars
is hereby transferred as a loan from the Bonfils Operating Fund
to the Improvement Fund.
Section Two. The sum of Thirty-eight Thousand Dollars
($38,000.00) 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. 563 (Gist & Mandeville)
C-1042, in the City of Berkeley, Missouri, pending payment into
Ord. No. 5301
the Improvement Fund of the costs hereby advanced from cash
payments in aid from any source and from the proceeds of col-
lection 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 November 9, 1983.
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