HomeMy Public PortalAbout07219 O R D I N A N C E NO. 7219
AN ORDINANCE, authorizing the Executive Director and
Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer
District to enter into an agreement with Missouri Equities LTD.
("Developer") whereby Developer will construct a trunk line to
serve New England Village subdivision as well as other
developments within the Lower Meramec watershed, and whereby
Developer will be entitled to recoup a portion of the costs of the
trunk line for a period not to exceed twenty years.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Executive Director and Secretary-
Treasurer are hereby authorized on behalf of The Metropolitan St.
Louis Sewer District to enter into an agreement with Missouri
Equities LTD. ("Developer") whereby Developer will construct a
trunk line to serve New England Village subdivision as well as
other developments within the Lower Meramec watershed, and whereby
Developer will be entitled to recoup a portion of the costs of the
trunk line for a period not to exceed twenty years.
Section Two. The agreement authorized in Section One
of this ordinance shall be comprised of such terms and conditions
as are approved by the office of General Counsel of the District.
The foregoing Ordinance was adopted July 16, 1987.