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HomeMy Public PortalAbout07516 O R D I N A N C E NO. 7516 AN ORDINANCE, appropriating Sixty-eight Thousand Dollars ($68,000.00) from the Improvement Fund as an advancement for project costs for the construction of sanitary sewers in Subdistrict No. 87070 (Lincord Drive), in St. Louis County, Missouri, and providing for repayment of such advancement, WHEREAS, proceedings have been taken for the construction of sanitary sewers in Subdistrict No. 87070 (Lincord Drive), to be paid for by special tax bills or other evidence of special benefit assessments upon the land benefitted by such improvement, and WHEREAS, the bid for the construction of said sanitary sewers is Fifty-six Thousand Nine Hundred Ninety-nine Dollars ($56,999.00), and the cost of engineering, inspection, construction staking, advertisement costs, allowance for construction change orders and tax bill expense is Eleven Thousand and One Dollar ($11,001.00), and 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 Sixty-eight Thousand Dollars ($68,000.00) is hereby appropriated from the Improvement Fund as an advancement for project costs for the construction of sanitary sewers, in Subdistrict No. 87070 (Lincord Drive), in St. Louis 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 Two. The anticipated payments, together with any interest earned, shall be paid into the Improvement Fund named in Section Two above. Section Three. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted July 27, 1988.