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<br />e <br /> <br />e <br /> <br />MORONEY, BEISSNER & CO., INC. <br />Municpal Financial Advisors <br /> <br />Two Post Oak Central Bldg. <br />1980 Post Oak Blvd., Suite 2100 <br />Houston, Texas 77056 <br /> <br />713-960-8900 <br />713/960-8904 Facsimilie <br /> <br />March 6, 2000 <br /> <br />Mr. Alex Fraser <br />Standard & Poorls <br />500 N. Akard St., Suite 3200 <br />Dallas, TX 75201 <br /> <br />Re: City of La Porte, Texas (Harris County) <br />$3,250,000 General Obligation Bonds, Series 2000 and <br />$3,000,000 Certificates of Obligation, Series 2000 <br />"Qualified Tax-Exempt Obligations" <br />Proposed sale date is March 2 7, 2000 <br /> <br />Dear Alex: <br /> <br />Enclosed please find our draft of the Official Notice of Sale, Official Statement and supporting <br />statistical data describing the City of La Porte, Texas, and the offering of the above captioned <br />obligations. Also enclosed are the City's Audit Reports for fiscal years ending September 30, <br />1998 and 1999, and the 1999-2000 Budget along with completed ratings applications. Please <br />review this material with an eye towards assignments of ratings. <br /> <br />In the meantime if you have any questions regarding the City's credit position or we can <br />furnish additional information, please let us know. <br /> <br />i~~7~' <br /> <br />Moss K. Fetzer <br />Vice President <br /> <br /> <br />~:smt <br />Enclosures <br />cc: City of La Porte <br /> <br />Established in 1919 <br />