HomeMy Public PortalAbout05940 O R D I N A N C E NO. 5940
AN ORDINANCE, transferring Six Hundred Fifty Thousand
Dollars ($650,000.00) from the General Fund of the District as a
loan to the Improvement Fund, and appropriating Six Hundred Fifty
Thousand Dollars ($650,000.00) 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. 523 (Roclare-Oak Springs)
C-1141, in the City of Town and Country, Missouri, and providing
for repayment of such loan and advancement,
WHEREAS, proceedings have been taken for the
construction of sanitary sewers in Subdistrict No. 523 (Roclare-
Oak Springs) C-1141, 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 Six Hundred Fifty Thousand
Dollars ($650,000.00) is hereby transferred as a loan from the
General Fund of the District to the Improvement Fund.
Section Two. The sum of Six Hundred Fifty Thousand
Dollars ($650,000.00) 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. 523 (Roclare-Oak
Springs) C-1141, in the City of Town and 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 to the General 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 March 27, 1985.