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HomeMy Public PortalAbout07374 O R D I N A N C E NO. 7374 AN ORDINANCE, appropriating Two Hundred Forty Thousand Dollars ($240,000.00) from the General Fund of the District to reimburse the City of Creve Coeur, Missouri for funds expended by said City for the Villa Hill stormwater project. WHEREAS, the funds herein appropriated represent money received by the District pursuant to the State of Missouri Stormwater Program, and WHEREAS, after reimbursement, the City of Creve Coeur, Missouri's share of the project cost will be Six Hundred Forty- five Thousand Eight Hundred Nine and 20/100 Dollars ($645,809.20), and WHEREAS, the State of Missouri provided Two Hundred Forty Thousand Dollars ($240,000.00) toward the project cost, and WHEREAS, since the project is located in the annexed area of the District, the District will not provide any funds toward the cost of said stormwater project, and WHEREAS, the total project cost for the Villa Hill stormwater project is Eight Hundred Eighty-five Thousand Eight Hundred Nine and 20/100 Dollars ($885,809.20). WHEREAS, the Director of Finance has certified that there is an unencumbered balance in the above-named fund sufficient to pay the obligation incurred herein, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Two Hundred Forty Thousand Dollars ($240,000.00) is hereby appropriated from the General Fund of the District to reimburse the City of Creve Coeur, Missouri for funds expended by said City for the Villa Hill stormwater project. Section Two. This ordinance, being an appropriation ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted January 27, 1988. -2-