Laserfiche WebLink
<br />o <br /> <br />.J <br /> <br />o <br /> <br />2 <br />LA PORTE, CITY OF <br /> <br />U){AS MUNICIPAL tU~O~YS <br /> <br />.........-- <br /> <br />TAX DATA (CONT'D) <br /> <br />Municinal Sales Taxes The city has adopted the provisions of <br />Article 1066c, VCS, Section 9 of which reads in part: <br /> <br />n.. .no city may pledge anticipa ted revenue from this " <br />source to secure payment of bonds or other indebtedness. <br /> <br />Net collections, on calendar year basis, are as follows: <br /> <br />Calendar Total ~ of Ad Val Equiv of Ad <br />Year Collected Tax LeVY Val Tax Rate <br />1971 $115,640 21.36 $0.1965 <br />1972 118,485 20.32 .1869 <br />1973 104,528 11.47 .1038 <br />1974 146,526 14.51 .1335 <br />1975 175,764 16.69 .1544 <br />Tax Rate Distribution mL 1m ..J.2.7i $~:~~48 <br />General Fund $0.77 $0.7406 $0.7~ <br />I&:S Fund -.d2 ~ .184 ~ <br />Totals $0.92 $0.9200 $0.920 $0.9200 <br /> <br />INDUSTRIAL DISTRICT AGREErlENT The city of La Porte has en- <br />tered into contracts with a number of industrial plants <br />whereby the city created the La Porte Industrial District. <br />The creation of this ~e of Industrial District is <br />authorized by state statutes and these agreements extend to <br />January 1, 1980. <br /> <br />Under the terms of these contracts (1) the city will not <br />annex property within the district and (2) the city will <br />not be required to furnish municipal services except fire <br />and police protection upon request in case of emergency. <br />Property with the district will be assessed at the city's <br />current basis of assessment (80% in 1976) and will be <br />taxed at 25% of the current tax rate ($0.92 in 1976). <br />Tb& city received $898,103 in 1976 fr~ the follow:lng <br />industries which comprise the industrial district. <br /> <br />Ohmstede Machine Works <br />American Cryogenics <br />Houston Lighting &: Power Company <br />Batiana1 Petro Chemical Company <br />Celanese Company of America <br />Up John Company <br />Grief Brothers <br />Phillips Petroleum Company <br />Diamond Shamrock Corporation <br />Texas Alkyls, Inc. <br />E.I. Du Pont de Nemours Company <br />Southwest Chemical and Plastics <br />Air Products <br />Lubrizol Corporation <br />National Distillers <br />Arms is Company <br />Deer Park, Inc. <br />Goodyear Tire &: Rubber Co. <br />Liquid Air <br />Pearsall Chemical Co. <br />Quaker Oats Co. <br />Sal tex, Corp. <br />Southwest Specialty Co. <br /> <br />DETAILS OF GENERAL OBLIGATION DEBT <br /> <br />Outstanding <br />9-30-76 <br /> <br />1 <br />I <br />1 <br />1 <br />1 <br />i <br />-1 <br /> <br />(20M) st Imp Refd (InT) 6-15-54 J&D 1 <br />(88-1135) Ca 6-1-74 Mtys 6-1 <br />4s 10t-1-77 $ 10,000 <br />(6OM) San S ays Ser'55 (NV) 2-15-55 F&:A 15 <br /> (88-1135) Ca 2-15-70 Mtys 2-15 <br />3i-s 10M-77 10,000 <br />(49OM) Perm ImP GO Ser'59 9-15-59 M&:S 15 <br />(88-1135){VID1S) Mtys 3-15 WATER 15.31~ <br />41!-s 25M-77; 45~-78-79; 25M-80 140,000 <br /> <br />( 60:.1) <br /> <br />Pk Ser'59 9-15-J9 ~~S 15 (88-1135) <br />(VE'::S) ~Itys 3-15 <br />201,1-80: 40M-Hl <br /> <br />IIts <br /> <br />GO 8-1-65 F&A 1 (55-j or 88-218) <br />(MPH){5M) Mtys 2-1 <br />2 5~1-77 ; <br />2514-78-79: 30M-80-81; 40M-82: <br />5OM-83-84 : <br />3.70s 50M-85-86 <br />Total General Obligation Bonds <br /> <br />( 505~I) <br /> <br />3iB <br />3.60s <br /> <br />Combination Tax &: Revenue Bonds <br />(500M) Harris Co ~IC&:ID #56 ~:w & San S ays <br />Dr Imp Comb ~Itys 6-1 Rev &: U/L Tax <br />Ser'56 6-1-56 J&:D 1 (35-60)(VE'~S) <br />Ca see below <br />4is 1814-77-78; 19M-79: 20M-80: <br />21M-81-82; 22M-83; 23M-84; <br />2414-85: 25M-86: 26M-87: <br />28M-88; 17M-89 ;~ys 72/89 <br />Ca 6-1-71 @ 102f reducing ~ each <br />6-1 until par is reached 6-1-76: <br />also not less than all bonds <br />maturing 62/89 Ca 6-1-61/12-1-70 <br />@ 105 <br /> <br />(400M) <br /> <br />Harris Co WC&:ID #56 ~~I &: San S ays &: <br />Dr Imp Comb Rev & U/L Tax Ser'62 <br />2-1-62 F&A 1 (35-60)(VEWS) Mtys 83/91 <br />Ca inversely 2-1-82 Mtys 2-1 <br />101,1-77-78: l2M-79; 15=,1-80/83; <br />18M-84: 20M-85!88; 30M-89: <br />50101-90-91 <br /> <br />5s <br /> <br />(250M) <br /> <br />Harris Co ~:C&:ID #56 \.n,! & San S Sys &: <br />Dr Imp Comb Rev &: U/L Tax Ser'63 <br />6-1-63 J&D 1 (35-60)(VID1S) Mtys 84/93 <br />Ca 6-1-83 Mtys 6-1 <br />5M-77/88; 10M-89-90: 15M-91; 55M-92-93 <br /> <br />5s <br /> <br />(160M) <br /> <br />Harris Co ~!C&:ID #56 ~:\.: &: San S ays &: <br />Dr Imp Comb Rev &: U/L Tax Ser'70 <br />2-1-70 F&:A 1 (35-60)(VRSC) Mtys 89/93 <br />Ca 2-1-88 (5~) Mtys 2-1 <br />5M-77/80: 10M-81/88: 5M-89; <br />5M-89; 10M-90/93 <br />Combination Tax &: Revenue Bonds <br /> <br />6ts <br />8s <br />Total <br /> <br />RFlt'!t:lIn1tlJ1Ar.1nn nf'Bond Totals <br />General Purpose Bonds <br />WW&:SS Bonds <br />Combination Tax &: Revenue Bonds <br />Total General Obligation Debt <br /> <br />$ 563,566 <br />31,434 <br />957.000 <br /> <br />Pa'l'ins: AlI:ents <br /> <br />(35- 3 ) <br />(35-60) <br />(88-218 ) <br />(88-1135) <br /> <br />Houston Natienal Bank, Houston <br />Texas Commerce B3nk, Houston <br />Bayshore Natioml Bank, La Porte <br />La Porte State Bank, La Porte <br /> <br />Outstanding <br />9-30-76 <br /> <br />n <br />~ <br /> <br />$ 60,000 <br /> <br />3"5.000 <br />$ 595.000 <br /> <br />$ 282,000 <br /> <br />320,000 <br /> <br />o <br /> <br />205,000 <br /> <br />150.000 <br />$ 957.000 <br /> <br />$1.'i52.000 <br /> <br />(i),=, <br />...... <br />-- <br />