R-1986-19 - Laserfiche WebLink

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. e WHEREAS, with respect to Bonds issued by the Issuer used for a project within the jurisdiction of the City such AER is the Governing Body of the City; and WHEREAS, notice of a public hearing with respect to the Project and the Bonds to be held by the Governing Body of the City on the date of this resolution was published no less than 14 days before this date; and WHEREAS, the Governing Body has held such public hearing on the date and at the time and place set out in such published notice, and has conducted such hearing in a manner that provides a reasonable opportu- nity for persons with differing views on the issuance of the Bonds and on the location and nature of the Project to be heard; WHEREAS, the private activity bond limit for the State of Texas has been allocated for 1986, in the manner authorized by Section 103(n) of the Code, as provided in House Bill 690, Acts of the 69th Legislature, Regular Session, 1985 ("H.B. 690"); and WHEREAS, H.B. 690 requires the Issuer to file a notification of its present intent to deliver an issue of such "private activity bonds" (the "Allocation Request") with the Texas Economic Development Commission, setting forth the maximum face amount of the Bonds, the purpose of the Bonds and the Section of the Code applicable to the Bonds in order to reserve a portion of the 1986 allocation of the state ceiling for the Bonds (the "Allocation"); and WHEREAS, the Allocation Request with respect to the Bonds will be filed on or about July 21, 1986 (the "Reservation Date"); and WHEREAS, the Allocation is made to the Brazos River Harbor Naviga- tion District (the "District") and the City, but the District and the City will assign the Allocation to the Issuer; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, THAT: 1. The Governing Body hereby finds, determines, recites and declares that a public hearing with respect to the Bonds and the Project was held on this date; that notice of such public hearing was published no less than 14 days before this date in a newspaper of general circu- lation within the City; that such notice included the date, time and place of the public hearing, the location and general nature of the Project and the expected aggregate principal amount of the Bonds; and that all comments from interested persons were taken at such public hearing. -2-