Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />RESOLUTION AUTHORIZING SALES AND USE TAX RETENTION AGREEMENT WITH THE <br />CITY OF LA PORTE DEVELOPMENT CORPORATION <br /> <br />WHEREAS, the City of La Porte is in the process of issuing its "Certificates of Obligation, <br />Series 2000" (the "Certificates") for the purposes of constructing and equipping a new La Porte <br />Community Library and pledging ad valorem taxes to the payment thereof to obtain the best possible <br />credit rating on the Certificates; <br /> <br />WHEREAS, the City of La Porte Development Corporation has agreed to use a portion of the <br />sales tax to pay the Certificates; <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL THE CITY OF LA <br />PORTE, TEXAS that the Sales and Use Tax Retention Agreement substantially in the form attached <br />hereto as Exhibit "A" is hereby approved and the officers of the City are authorized to execute and deliver <br />the Agreement. <br /> <br />PASSED, APPROVED, AND ADOPTED this March 27, 2000. <br /> <br />~// /' <br />. L.-;-/ '-;?' -/ ..- <br />/~~~~~ <br />Mayor. , <br /> <br />ATTEST: <br /> <br />~1 a,l;jjk jl{1i1J <br /> <br />City Secretary .... <br />