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<br />2
<br />LA PORTE, CITY OF
<br />
<br />TEXAS MUNICIPAL REPORTS
<br />
<br />INDUSTRIAL DISTRICT AGREEMENT 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 Industr1Bl District.
<br />The creation of this type of Industrial District is autho-
<br />rized by state statutes and these agreements extend to
<br />January 1, 1980.
<br />
<br />Under the terms of these contracts (l) 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 within the district will be assessed at the
<br />City's current basis of assessment (80% in 197~) and will
<br />be taxed at 25% of the current tax rate ($0.92 in I97~).
<br />The city received $~29,553 in 197~ from the following
<br />industries which comprise the industr1Bl district.
<br />
<br />Ohmstede Machine WorKs
<br />American Cryogenics
<br />Houston Lighting & Power Company
<br />National Petro Chemical Company
<br />Celanese Company of America
<br />Up John Company
<br />Grief Brothers
<br />A.B. Chemical Company
<br />Phillips Petroleum Compsny
<br />D1Bmond Shamrock Corpora tion
<br />Texas AlkYls,Inc.
<br />E . I. Du Pont de Nemours Company
<br />Southwest Chemical and Plastics
<br />Air Products
<br />Lubrizol Corpora tion
<br />National Distillers
<br />Signal Chemical Company
<br />
<br />DETAILS OF GENERAL OBLIGATION DEBT
<br />
<br />Outstanding
<br />1-31-75
<br />
<br />(20M) St Imp Refd (NVi 6-15-5~ J&D 1
<br />(88-1135) Ca 6-1-7~ Mtys 6-1
<br />~s 10M-76-77
<br />
<br />$ 20,000
<br />
<br />(60M)
<br />3is
<br />(~90M)
<br />~~s
<br />(60M)
<br />
<br />San S Sys Ser'55 (NV) 2-1-5-55 F&A 15
<br />(88-1135) Ca 2-15-70 Mtys 2-15
<br />3M-75; 6M-76; 10M-77 '
<br />
<br />Perm Imp GO Ser'59 9-15-59 M&S 15
<br />(88-1135)(VEWS) Mtys 3-15 WATER 15.31~
<br />10M-75; 25M-76-77; ~5M-78-79; 25M-80
<br />
<br />Pk Ser'59 9-15-59 M&S 15 (88-1135)
<br />(VEWS) Mtys 3-15
<br />20M-80; ~oM-81
<br />
<br />60,000
<br />
<br />19,000
<br />
<br />175,000
<br />
<br />~ts
<br />
<br />(505M) GO 8-1-65 F&A 1 (35-3 or 88-218){MPH)
<br />(5M) Mtys 2-1
<br />3~ 20M-75; 25M-76-77;
<br />3.60s 25M-78-79; 3OM-80-81; ~oM-82; 50M-83-8~;
<br />3.70s 50M-85-86 ~20 000
<br />Total General Obligation Bonds $69~:000
<br />
<br />Combination Tax & Revenue Bonds
<br />(500M) Harris Co WC&ID #56 WW & San S S,ys
<br />Dr Imp Comb Mtys 6-1 Rev & U/L Tax
<br />Ser'56 6-1-56 J&D 1 (35-60){VEWS)
<br />Ca See Below
<br />~ts 16M-75; 17M-76; 1BM-77-78;
<br />19M-79; 20M-80; 21M-81-82; 22M-83;
<br />23M-8~; 2~M-85; 25M-86; 26M-87;
<br />28M-8B; 17M-B9 Mtys 72/B9 Ca 6-1-71
<br />@ 102; reducing ~ each 6-1 until
<br />par is reached 6-1-76; also not less
<br />than all bonds maturing 62/B9
<br />Ca 6-1-61/12-1-70 @ 105
<br />
<br />Harris Co WC&ID #56 WW & San S Sys &
<br />Dr Imp Comb Rev & U/L Tax Ser'62
<br />2-1-62 F&A 1 (35-60)(VEWS) Mtys 83/91
<br />Ca inversely 2-1-82 Mtys 2-1
<br />9M-75; 10M-76/7B; 12M-79; 15M-Bo/83;
<br />18M-B~; 20M-B5/BB; 30M-B9; 50M-90-91
<br />
<br />315,000
<br />
<br />(~OOM)
<br />
<br />5s
<br />
<br />339.000
<br />
<br />o
<br />
<br />Harris Co WC&ID #56 ~:w & San S Sys .I<
<br />Dr Imp Comb Rev & U/L Tax Ser'63
<br />6-1-63 J&D 1 (35-60){VEWS) Mtys B~/93
<br />Ca 6-1-B3 Mtys 6-1
<br />5M-75/BB; 10M-B9-90; 15M-91; 55M-92-93
<br />
<br />(250M)
<br />
<br />5s
<br />
<br />Harris Co WC&,ID #56 \'/W & San S Sys &
<br />Dr Imp Comb Rev &, U/L Tax Ser'70
<br />2-1-70 F&A 1 (35-60){VESC) Mtys 89/93
<br />Ca 2-1-88 (5M) Mtys 2-1
<br />6ts 5M-75/80; 10M~81/B8; 5M-B9;
<br />Bs 5M-B9; 10M-90/93
<br />Total Combination Tax & Revenue Bonds
<br />
<br />RecaDitulation of Bond Totals
<br />General Purpose Bonds
<br />WWks & S Bys Bonds,
<br />Combination Tax & Revenue Bonds
<br />Total General Obligation Debt
<br />
<br />PaYilUl: Meents:
<br />
<br />(160M)
<br />
<br />$ 6~8,208
<br />~5, 792
<br />1. 029.000
<br />
<br />uutsnnolng
<br />1-31-75
<br />
<br />$215.000
<br />
<br />o
<br />
<br />160.000
<br />$1.029.000
<br />
<br />$.L.1?3. 000
<br />
<br />(35-3 ) Houston National Bank. Houston
<br />135-60 ) Texas Commerce Bank. Houston
<br />(8B-218) Bayshore 'National Bank. La Porte
<br />(88-1135) La Porte State Bank, La Porte
<br />
<br />SCHEDULE OF GENERAL OBLIGATION DEBT SERVICE REQUIREMEllTS
<br />Water & Comb Tax &
<br />Tax Year Total Sewer Inc1 Rev Assumed
<br />Endp; 9-30 Principal Interest Reqmts in Total Incl. in Total
<br />
<br />1975
<br />1976
<br />1977
<br />1978
<br />1979
<br />19Bo
<br />1981
<br />19B2
<br />19B3
<br />198q
<br />19B5
<br />19B6
<br />19B7
<br />19BB
<br />1989
<br />1990
<br />1991
<br />1992
<br />1993
<br />Totals
<br />
<br />$ 93.000
<br />103,000
<br />loB, 000
<br />108,000
<br />111,000
<br />120.000
<br />121.000
<br />91,000
<br />102.000
<br />106.000
<br />109,000
<br />110,000
<br />61.000
<br />63.000
<br />67.000
<br />70.000
<br />75.000
<br />65.000
<br />65.000
<br />$1.7qB.000
<br />
<br />$ 79,201 $ 172.201 $ 6,380
<br />75,31q 17B.31~ 11.392
<br />70,B35 17B.B35 1~,930
<br />65.902 173.902 7.562
<br />60,97q 171,97q 7.235
<br />55,790 175.790 3.91B
<br />50,353 171,353
<br />~5,600 136,600
<br />Q1.q3B 1Q3,Q3B
<br />36,97B lQ2.97B
<br />32,325 1~l,325
<br />27.555 137.555
<br />23.66B 84.66B
<br />20.663 B3.663
<br />17.286 8~,2B6
<br />13.300 B3,300
<br />9. 500 B~. 500
<br />6.700 71.700
<br />~ 6B.150
<br />$~ $2,~B~.532 $51.~17
<br />
<br />Avg Ann Reqmts for Sys G.O. Bonds
<br />Avg Ann Reqmts Comb Tax & Rev Bonds
<br />
<br />$ 8. 570
<br />
<br />I & S FUND MANAGEMENT INDEX
<br />
<br />G.O. Service Requirements for tax
<br />year ending 9-30-75 . . . . . . .
<br />I & S Funds all G.O. issues 9-30-7~
<br />197~ I & S Fund Tax Levy @ 90%
<br />
<br />. . . . .
<br />$160,011
<br />183. ~l~
<br />
<br />COMPUTATION OF SELF-SUPPORTING DEBT
<br />
<br />Net system revenue available for fiscal
<br />year ended 9-30-7~
<br />Less: Average annual requirements for
<br />Revenue Bonds
<br />Balance available for other purposes
<br />Less: Average annual requirements for Combina-
<br />tion Tax and Revenue Bonds
<br />Balance available after provision for Combina-
<br />tion Tax and Revenue Bonds
<br />Average annual requirement for System G.O.
<br />Bonds
<br />Percentage of System Combination Tax and
<br />Revenue Bonds Self-Supporting
<br />Percentage of System G.O. Bonds Self-Supporting
<br />
<br />GENERAL OBLIGATION BONDS AUTHORIZED BUT UNISSUED
<br />
<br />Date of
<br />Authorization Purpose
<br />
<br />$ B6,776
<br />B7.0116
<br />B6.2~8
<br />8Q.Q08
<br />85.518
<br />B7.~61
<br />91.123
<br />88.580
<br />87.03B
<br />8B.'7B
<br />BB,550
<br />86.630
<br />811.668
<br />83,663
<br />8~. 286
<br />B3,300
<br />8~.500
<br />71.700
<br />68.150
<br />$1.608,023
<br />
<br />G
<br />
<br />$ 8~, 633
<br />
<br />$172,201
<br />$3113, ~25
<br />
<br />$102.665
<br />~
<br />$0lf.559
<br />~
<br />$ -0-
<br />~
<br />81.01%
<br />-0-%
<br />
<br />Q
<br />
<br />5-15-71 Fire Station
<br />
<br />Authorized to Date Unissued
<br />$100,000 $ -0- $~OO.~
<br />
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