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<br />Recently, our administrative team was able to take advantage of lower interest rates <br />and promoted refunding a portion of the City's outstanding debt. This decision came <br />at the right time. Consequently, the City was able to maintain a stable ad valorem <br />tax rate for 1991-92. <br /> <br />I <br />I <br /> <br />I <br /> <br />In my years of experience, I have not had the pleasure of working with an executive <br />staff as committed, talented and competent, as the personnel the City of La Porte <br />now enjoys. I wish to offer my sincere gratitude to them for their hard work in <br />helping to make possible the accomplishments to date. In addition I wish to thank <br />the City Council for the quality time spend on this years budgetary process. Your <br />professionalism and dedication to the City of La Porte is admirable. <br /> <br />I <br /> <br />Respectfully submitted, <br /> <br />I <br />I <br /> <br />~~T.~' <br /> <br />Robert T. Herrera <br />City Manager <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />.1 <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />1-4 <br /> <br />I <br /> <br />I <br />