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<br />Section 1. The City Council of the City hereby adopts the findings set out in the <br />preamble hereof and declares its intent within the meaning of Treasury Regulation S 1.150-2, as <br />promulgated under the Internal Revenue Code of 1986, as amended, to issue approximately <br />$10,000,000 principal amount of Certificates, a portion of which will be used to pay the costs of the <br />Project, of which a maximum amount of $50,000 is expected to be used to reimburse the City for <br />capital expenditures paid in connection with the Project prior to the issuance ofthe Certificates, <br /> <br />Section 2. The City will maintain this Resolution at the office of the City at 604 West <br />Fairmont Parkway, La Porte, Texas 77571, and make it continuously available for inspection by the <br />general public during normal business hours on business days beginning within 30 days after the <br />date ofthis Resolution. <br /> <br />PASSED AND APPROVED this February 12,2007. <br /> <br />{\. NO <br />vlkhJ./. t~ <br /> <br />Mayor, City of La Porte <br /> <br />Lmauh I/J~ <br /> <br />City Secretary <br /> <br />(SEAL) <br /> <br />HOU:265272},} <br />