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<br />e <br /> <br />. <br /> <br />Section 2 . <br /> <br />The City Council of the City of La Porte <br /> <br />authorizes all necessary actions to call an election on January 16, <br /> <br />1999, for the adoption of a section 4B one-half cent sales tax. It <br /> <br />is estimated that this one-half cent sales tax, if adopted, would <br /> <br />produce approximately $750,000.00 in annual revenue. The revenue <br /> <br />from the sales tax would be pledged to support bonds for the <br />construction of a new public library on land owned by the City on <br /> <br />South Broadway Street, and the extension of Bay Area Boulevard <br /> <br />between Fairmont Parkway and Spencer Highway. Additional projects <br />could be considered by the City in future years, when the bonds for <br /> <br />the first two projects have been retired. <br /> <br />Section 3. The City Council officially finds, determines, <br /> <br />recites, and declares that a sufficient written notice of the date, <br /> <br />hour, place and subject of this meeting of the City Council was <br />posted at a place convenient to the public at the City Hall of the <br />City for the time required by law preceding this meeting, as <br /> <br />required by the Open Meetings Law, Chapter 551, Texas Government <br /> <br />Code; and that this meeting has been open to the public as required <br /> <br />by law at all times during which this resolution and the subject <br /> <br />matter thereof has been discussed, considered and formally acted <br /> <br />upon. <br /> <br />The City Council further ratifies, approves and confirms <br /> <br />such written notice and the contents and posting thereof. <br /> <br />section 4. This Resolution shall be effective from and after <br /> <br />its passage and approval. <br /> <br />PASSED AND APPROVED this 26th day of October, 1998. <br /> <br />CI~ PORTE <br /> <br />~V~ <br /> <br />Norman L. Malone, Mayor <br /> <br />By: <br /> <br />2 <br />