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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.