R-1986-19 - Laserfiche WebLink

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. e 2. The Governing Body hereby requests the Brazos Harbor Indus- trial Development Corporation to exercise its powers under the Act and to issue bonds to finance the construction of the La Porte Facilities. 3. The Governing Body hereby specifically approves the Bonds, as required by Section 103(k) of the Code and the Project, all as described in the Notice attached hereto as Exhibit C, and the Governing Body finds and determines that the Project is in furtherance of the public purposes of the Act. 4. The Resolution of the Issuer providing for the sale and issu- ance of the Bonds, substantially in the form attached hereto as Exhibit "B," is hereby approved. 5. There is hereby assigned and transferred to the Issuer the City's proportionate amount of the ceiling for private activity bonds in the amount of $9,950,000, which is allocated to the City for the Bonds pursuant to H.B. 690, it being the intention of the City that the amount of the ceiling transferred by the City to the Issuer together with the amount transferred by the District shall aggregate $17,500,000. PASSED AND APPROVED this 14th day of July, 1986. ",~~~'-\:"'" .~.... .- ,- . --""' ~ i; ~~ .' .1 ":;'; ;' ~ ~ ... / .-1, '. .', ... ,....r~ '7.. ( CITY OF LA PORTE . :.~ .---' '- ~......~...~"t~' :::':.... J /J. Jf)~~ ....-, . ~ ~ t:.. ........ ~ ' ,It .-: ", ..:. _: ;,.... .i- :; By Norman Malone, Mayor ,/ ;;;;:. ATtEST:'" ' By ~ City Secretary :PR~&~ City Attorney -3-