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HomeMy Public PortalAbout08392 O R D I N A N C E NO. 8392 AN ORDINANCE, authorizing the Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter into a contract amendment with Hycel Partners I, L.P. for the recovery of costs for a period not to exceed thirty years by said Hycel Partners I, L.P. for the construction of a combined sewer for the St. Louis Galleria P-13007, within The Metropolitan St. Louis Sewer District. WHEREAS, Ordinance No. 8018, adopted March 23, 1990, authorized the execution of said contract, and WHEREAS, the amendment as herein authorized will extend the period for the recovery of costs by said Hycel Partners I, L.P. to thirty years, as directed by Ordinance No. 340, adopted November 5, 1959, 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 to enter into a contract amendment with Hycel Partners I, L.P. for the recovery of costs for a period not to exceed thirty years by said Hycel Partners I, L.P. for the construction of a combined sewer for the St. Louis Galleria P- 13007 within The Metropolitan St. Louis Sewer District. Section Two. The contract amendment authorized in Section One of this ordinance shall be comprised of such terms and conditions as are approved by the office of the General Counsel of the District. The foregoing Ordinance was adopted June 19, 1991.