HomeMy Public PortalAbout07535 O R D I N A N C E NO. 7535
AN ORDINANCE, amending Ordinance No. 7449, adopted May
11, 1988, by repealing Sections Twelve, Thirteen, Seventeen,
Twenty-seven, Twenty-nine and Thirty-two, and enacting in lieu
thereof new Sections Twelve, Thirteen, Seventeen, Twenty-seven,
Twenty-nine and Thirty-two in order to correct clerical errors in
said Sections, without, however changing the tax levies as adopted
and specified therein; and further amending said Ordinance No.
7449, by revising the language of the "WHEREAS" clause insofar as
said clause pertains to the Mississippi River Subdistrict on Pages
2 and 3 of said Ordinance; and repealing Section Three of said
Ordinance, and enacting a new Section Three thereof, determining
the amount of taxes which shall be levied, assessed and collected
in the year 1988 on all taxable tangible property in the
Mississippi River Subdistrict, with an emergency clause.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section A. Sections Twelve, Thirteen, Seventeen, Twenty-
seven, Twenty-nine and Thirty-two of Ordinance No. 7449, adopted
May 11, 1988, are hereby repealed, and seven new Sections enacted
in lieu thereof to read as follows:
Section Twelve. The amount of taxes which shall be
levied, assessed and collected in the year 1988 on all
taxable tangible property within that part of the
corporate limits of St. Louis County lying within
Subdistrict No. 247 (DeSmet-Florland), as defined and
delineated by District Ordinance No. 1729, adopted
March 28, 1968, shall be Twelve Thousand Two Hundred
Sixty-seven Dollars ($12,267.00), which sum will be
produced by the rate of eight cents (.08) per one
hundred dollars assessed valuation, and which sum is
required during the fiscal year beginning July 1, 1988,
for the purposes and in amounts as follows: Operation, Maintenance and Construction of Improvements $ 12,067.00 Anticipated Tax Delinquencies 200.00 Total Levy $ 12,267.00
Section Thirteen. The amount of taxes which shall be
levied, assessed and collected in the year 1988 on all
taxable tangible property within that part of the corporate
limits of St. Louis County lying within Subdistrict No. 257
(Rayburn Avenue), as defined and delineated by District
Ordinance No. 1316, adopted April 22, 1965, shall be Five
Thousand Nine Hundred Seventy-two Dollars ($5,972.00), which
sum will be produced by the rate of six cents (.06) per one
hundred dollars assessed valuation, and which sum is required
during the fiscal year beginning July 1, 1988, for the
purposes and in amounts as follows: Operation, Maintenance and Construction of Improvements $ 5,772.00 Anticipated Tax Delinquencies 200.00 Total Levy $ 5,972.00
Section Seventeen. The amount of taxes which shall be
levied, assessed and collected in the year 1988 on all
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taxable tangible property within that part of the corporate
limits of St. Louis County lying within Subdistrict No. 367
(Deer Creek Stormwater Subdistrict), as defined and
delineated by District Ordinance No. 2557, adopted March 27,
1974; and as enlarged by annexation thereto of the areas
described in District Ordinance No. 2611, adopted June 26,
1974, shall be One Million Three Thousand Eight Hundred
Fifty-One Dollars ($1,003,851.00), which sum will be produced
by the rate of six cents (.06) per one hundred dollars
assessed valuation, and which sum is required during the
fiscal year beginning July 1, 1988, for the purposes and in
amounts as follows: Operation, Maintenance and Construction of Improvements $ 1,002,851.00 Anticipated Tax Delinquencies 1,000.00 Total Levy $ 1,003,851.00
Section Twenty-seven. The amount of taxes which shall be
levied, assessed and collected in the year 1988 on all
taxable tangible property within that part of the corporate
limits of St. Louis County lying within Subdistrict No. 453
(Shrewsbury Branch of River des Peres), as defined and
delineated by District Ordinance No. 3484, adopted April 12,
1978, shall be Eight Thousand Nine Hundred Twenty-four
Dollars ($8,924.00), which sum will be produced by the rate
of six cents (.06) per one hundred dollars assessed
valuation, and which sum is required during the fiscal year
beginning July 1, 1988, for the purposes and in amounts as
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follows: Operation, Maintenance and Construction of Improvements $ 8,824.00 Anticipated Tax Delinquencies 100.00 Total Levy $ 8,924.00
Section Twenty-nine. The amount of taxes which shall be
levied, assessed and collected in the year 1988 on all
taxable tangible property within that part of the corporate
limits of St. Louis County lying within Subdistrict No. 455
(Black Creek), as defined and delineated by District
Ordinance No. 3486, adopted April 12, 1978, shall be Three
Hundred Eighty-four Thousand Two Hundred Twenty-eight Dollars
($384,228.00), which sum will be produced by the rate of six
cents (.06) per one hundred dollars assessed valuation, and
which sum is required during the fiscal year beginning July
1, 1988, for the purposes and in amounts as follows: Operation, Maintenance and Construction of Improvements $ 383,228.00 Anticipated Tax Delinquencies 1,000.00 Total Levy $ 384,228.00
Section Thirty-two. The amount of taxes which shall be
levied, assessed and collected in the year 1988 on all
taxable tangible property within that part of the corporate
limits of St. Louis County lying within Subdistrict No. Seven
of the River des Peres Watershed (Wellston Area), as defined
and delineated by District Ordinance No. 409, adopted June
16, 1960, and as such part was enlarged by District Ordinance
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No. 2497, adopted November 8, 1973, shall be Thirty-six
Thousand Three Hundred Four Dollars ($36,304.00), which sum
will be produced by the rate of eight cents (.08) per one
hundred dollars assessed valuation and which sum is required
during the fiscal year beginning July 1, 1988, for the
purposes and in amounts as follows: Operation, Maintenance and Construction of Improvements $ 35,704.00 Anticipated Tax Delinquencies 600.00 Total Levy $ 36,304.00
Section B. The District hereby finds and determines that
the moneys currently set aside to pay principal and interest on
the outstanding general obligation bonds of the Mississippi River
Subdistrict are not adequate to provide sufficient reserves for
such payments.
Section C. The "WHEREAS" clause of Ordinance No. 7449,
adopted May 11, 1988, insofar as said clause pertains to the
Mississippi River Subdistrict on Pages 2 and 3 of said Ordinance
is hereby amended to read as hereinafter specified; and Section
Three of said Ordinance is hereby repealed, and a new Section
enacted in lieu thereof to read as follows:
In The Mississippi River Subdistrict
Four Million Forty-three Thousand Thirty-six Dollars
($4,043,036.00), which sum will be realized by the rate
of six cents (.06) per one hundred dollars assessed
valuation on property in the Subdistrict within the
corporate limits of the City of St. Louis and within
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that part of the corporate limits of St. Louis County
lying within that Subdistrict;
Section Three. Mississippi River Subdistrict. The amount of
taxes which shall be levied, assessed and collected in the
year 1988 on all taxable tangible property in the Mississippi
River Subdistrict shall be Four Million Two Hundred Twenty-
two Thousand Four Hundred Thirty-six Dollars ($4,222,436.00),
which sum will be produced by the rate of six cents (.06) per
one hundred dollars assessed valuation. Said sum is required
during the fiscal year beginning July 1, 1988, for the
purposes and in amounts as follows: Anticipated Bond Interest and Principal Payments and Reserves $ 4,043,036.00 Anticipated Tax Delinquencies 179,400.00 Total Levy $ 4,222,436.00
and said total levy shall be apportioned between the City of St.
Louis and St. Louis County, as provided hereinafter.
1. Property in City of St. Louis. Of said total sum One
Million Five Hundred Sixty-seven Thousand Two Hundred Twenty-
five Dollars ($1,567,225.00), shall be levied, assessed and
collected in the year 1988 on taxable tangible property in
said Subdistrict within the corporate limits of the City of
St. Louis.
2. Property in St. Louis County. Of said total sum Two
Million Six Hundred Fifty-five Thousand Two Hundred Eleven
Dollars ($2,655,211.00) shall be levied, assessed and
collected in the year 1988 on taxable tangible property
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within that part of St. Louis County lying within said
Subdistrict, as such part is described in District Ordinance
No. 3754, adopted April 11, 1979.
Section D. This Ordinance is for the determination of
the amount of certain taxes which are essential to the operation
of the District, and the levy, assessment and collection of said
taxes must proceed expeditiously and without delay, thus creating
an emergency within the meaning of the Plan. Accordingly, this
Ordinance shall take effect immediately upon its enactment.
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The foregoing Ordinance was adopted August 24, 1988.