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HomeMy Public PortalAbout05520 O R D I N A N C E NO. 5520 AN ORDINANCE, transferring One Million Dollars ($1,000,000.00) as a loan from the General Fund of the District to the Mississippi River Construction Fund to make payments due under Contracts PA-63 and PA-64 for the construction of secondary treatment facilities at the Lemay Wastewater Treatment Plant, in St. Louis County, Missouri, and directing repayment of said loan. WHEREAS, Ordinance No. 3836, adopted August 8, 1979, and Ordinance 4303, adopted March 11, 1981, appropriated the funding for said construction, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of One Million Dollars ($1,000,000.00) is hereby transferred as a loan from the General Fund of the District to the Mississippi River Construction Fund to make payments due under Contracts PA-63 and PA-64 for the construction of secondary treatment facilities at the Lemay Wastewater Treatment Plant, in St. Louis County, Missouri. Section Two. The Director of Finance is hereby directed to repay to the General Fund of the District the loan as provided in Section One of the Ordinance from funds received from the Fifth Issue of the Ninety-five Million Dollars ($95,000,000.00) authorized General Obligation Sewer Bonds of the Mississippi River Subdistrict. The foregoing Ordinance was adopted February 8, 1984.