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EXHIBIT A
<br />NOTICE OF INTENT TO ISSUE CERTIFICATES OF OBLIGATION
<br />NOTICE IS HEREBY GIVEN that the City Council of the City of La Porte, Texas (the
<br />"City") will meet at its regular meeting place at City Council Chambers, City Hall, 604 West
<br />Fairmont Parkway, La Porte, Texas at 6:00 p.m. on July 12, 2021, which is the time and place
<br />tentatively set for the passage of an ordinance authorizing the issuance of the City's certificates of
<br />obligation (the "Certificates") in a principal amount not to exceed $13,500,000 to pay all or any
<br />part of contractual obligations to be incurred for the construction of public works and the purchase
<br />of materials, supplies, equipment, machinery, buildings, land and rights -of -way for authorized
<br />needs and purposes, to wit: (i) planning, acquisition, design, construction and equipment of a new
<br />City Hall, (ii) renovation, improvement and equipment of existing City buildings, (iii)
<br />construction, improvement, extension, upgrade and development of City streets, including
<br />drainage, streetscaping, signalization and other traffic controls, sidewalks, street lights and the
<br />acquisition of any right-of-way, (iv) drainage improvements, (v) construction, renovation,
<br />improvement, and equipment of the City's water and sewer system, (vi) purchase of land for and
<br />construction, renovation, improvement, and equipment of the City's Bay Forest Golf Course and
<br />related facilities, and (vii) the cost of professional services rendered in connection the above listed
<br />projects. The Certificates shall bear interest at any rate or rates, not to exceed the maximum
<br />interest rate now or hereafter authorized by law, as shall be determined within the discretion of the
<br />City Council at the time of issuance, and shall mature over a period of years not to exceed thirty
<br />(30) years from their date. The Certificates shall be payable from ad valorem taxes and a limited
<br />pledge of surplus net revenues of the City's water and sewer system.
<br />It is estimated that the combined principal and interest required to pay the Certificates is
<br />$18,995,348. Such estimate is provided for illustrative purposes only, and is based on an assumed
<br />interest rate of 3.00%. Such amounts are derived from projections obtained from the City's
<br />financial advisor based upon current market conditions, and are provided by the City without
<br />assurance that such projections will be realized. The City cannot guarantee that such conditions
<br />will continue through the date of the sale of the Certificates. As of the date of this notice, the
<br />aggregate principal amount outstanding of tax -supported debt obligations of the City is
<br />$21,041,001, and, based on the City's expectations, as of the date of this notice the combined
<br />principal and interest required to pay all of the outstanding tax -supported debt obligations of the
<br />City on time and in full is $23,791,967 (in each case excluding public securities secured by an ad
<br />valorem tax but designated by the City as self-supporting pursuant to a resolution adopted by the
<br />City Council on May 24, 2021, which resolution is available from the City upon request).
<br />CITY OF LA PORTE, TEXAS
<br />A-1
<br />HOU:3738151.1
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