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HomeMy Public PortalAboutR0345 R E S O L U T I O N NO. 345 WHEREAS, the District has heretofore adopted Ordinance No. 441 establishing Benefit Subdistrict No. 111 (Marlborough) of The Metropolitan St. Louis Sewer District and delineating the boundaries thereof; and WHEREAS, it is the sense of the Board of Trustees of the District that it is necessary in the interest of the public health and welfare that the District purchase a privately owned sanitary sewer system situated in said benefit subdistrict established by Ordinance No. 441 and capable of serving the land therein; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that the purchase of a privately owned sanitary sewer system in the area known as Benefit Subdistrict No. 111 (Marlborough) from Town Service, Inc. and Village Service, Inc. is necessary in the interest of the public health and welfare; and that such system consists of trunk, subtrunk and lateral sanitary sewers and appurtenances of sufficient size and capacity to provide adequate sanitary sewer service for the population of said Benefit Subdistrict No. 111. BE IT FURTHER RESOLVED, that the estimated probable cost of purchasing said system will be approximately Two Hundred Twenty Thousand Dollars ($220,000.00), based on data prepared for that purpose available to this Board and on the advice of the Executive Director; and that funds to pay said cost of purchase shall be derived from the sale of general obligation bonds of Benefit Subdistrict No. 111 (Marlborough) payable, as to both principal and interest, by and from an annual tax on all taxable tangible property in said Benefit Subdistrict No. 111 (Marlborough), provided such bonds are authorized by a vote of the registered voters in said benefit subdistrict at an election to be held hereafter for that purpose. The foregoing Resolution was adopted October 7, 1960.