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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 />Ms. Lisa MacKay <br />MBIA <br />113 King St. <br />Armonk, NY 10504 <br /> <br />Re: City of La Porte, Texas (Harris County) <br />$3,250,000 General Obligation B~nds, Series 2000 and <br />$3,000,000 Certificates of Obligation, Series 2000 <br />"Qualified Tax-Exempt Obligations" <br />Proposed sale date is March 27, 2000 <br /> <br />Deaf Lisa: <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 which have a sale date of March 27, 2000. Also enclosed are the City's Audit <br />Reports for fiscal years ending September 30, 1998 and 1999, and the Budget for 1999-2000. <br /> <br />Please review this information with a eye towards qualifying these issues for insurance. We <br />would appreciate hearing from you by Friday, March 24th. In the meantime if you have any <br />questions or require additional information, please let us know. <br /> <br />Yours very truly, <br /> <br /> <br />-- <br /> <br />7ft, <br /> <br />Moss K. Fetzer <br />Vice President <br /> <br />MKF:smt <br />enclosures <br />cc: City of La Porte <br /> <br />Established in 1919 <br />