HomeMy Public PortalAbout06227 O R D I N A N C E NO. 6227
AN ORDINANCE, transferring Three Hundred Eighty-Six
Thousand Dollars ($386,000.00) from the General Fund of the
District as a loan to the Improvement Fund, and appropriating
Three Hundred Eighty-six Thousand Dollars ($386,000.00) 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.
583 (Summit & Longview) C-1183, in St. Louis County, Missouri, and
providing for repayment of such loan and advancement,
WHEREAS, proceedings have been taken for the
construction of sanitary sewers in Subdistrict No. 583 (Summit &
Longview) C-1183, to be paid for by special tax bills or other
evidence of special benefit assessments upon the land benefitted
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 Three Hundred Eighty-six
Thousand Dollars ($386,000.00) is hereby transferred as a loan
from the General Fund of the District to the Improvement Fund.
Section Two. The sum of Three Hundred Eighty-Six
Thousand Dollars ($386,000.00) 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.
583 (Summit & Longview) C-1183, in St. Louis County, Missouri
pending payment into the Improvement Fund of the costs hereby
advanced from cash payment 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 October 23, 1985.