Laserfiche WebLink
<br />e <br /> <br /> <br />0"', <br />, , <br /> <br />UltAS MUNICIPAL REPORTS <br /> <br />Compilocl end Publi,hod by <br />MUNlCPAL ADVISORY COUNCILo/TEXAs <br /> <br />TOUI St.to Be.. ...Ildl,.. . '-Ii_ . W. L Tin.ley. beclltin Director <br /> <br />FINANCIAL STATEMENT (As of February 28. 1973) ',~ <br />Assessed Valuation. 1972 (59.88% of Actual*). . .$63.904.065 <br /> <br />General Obli~tion Debt I&S Fund OUtstandi~ <br />General Purpose Bonds ($ 735.145 <br />WWks & S Sys Bds $ 123.589 ( 51,855 <br />Comb Tax & Rev Bds 15.510 1. Q:I8. 000 <br />Totals $. 139.099 $1,865.000 <br />Less: Self-Supptng Debt $1.129,855 <br />Applicable I&S Fd 115.444 $.1.245.299 <br />Net Debt (0.97% of A.V. - $86.68 per capita) $. 619.701 <br /> <br />Population: 1950 - 4,429: <br /> <br />1960 - 4,512; <br /> <br />1970 - 7.149 <br /> <br />Special Obli~tion Debt <br />Waterworks & Sewer aystem Bonds <br />Airport Revenue Bonds . <br />Special Fund Balances <br />1& S Fund <br />Reserve Fund <br />Contingency Fund <br /> <br />. . . . . . . . . $445,000 <br />. . . . . . . .. 48.000 <br />Airoort Rev <br />$ 545 <br />6.300 <br />-X- <br /> <br />WWks & S SyS <br />$33,153 <br />65,830 <br />41,725 <br /> <br />*As reported b,y Tax Research Association. Houston. Texas. <br />based on actual survey. <br /> <br />PAYMENT RECORD The city has never defaulted on Revenue Bonds. <br />and except for $9,225 of warrants which were in default in <br />1938 while in litigation, has not defaulted on General <br />Obligation Bonds since 1934 when there was a general re- <br />fUnding at par with a reduction in interest rate. <br /> <br />Q, <br />.. .-- <br />" <br /> <br />TAX DATA Tax data prior to 1970 tax year represents combined <br />tax data of the city and a portion of Harris County <br />WC&ID #56 which was annexed by the city effective December. <br />1969. <br /> <br />Due October 1; delinquent after January 31. No split pay- <br />ments. allowed. No discounts allowed. <br />Tax Assessed Tax " Collecticns Year <br />Year Valuation Rate Current ~ Endll: <br />1967 $24.706.003 $ * 95.50 97.49 6-30-68 <br />1968 47.731.724 * 95.96 99.55 9-30-69 (12 mol <br />1969 49.091.708 .92 96.61 98.69 9-30-70 <br />1970 55,900.762 .92 97.40 100.12 9-30-71 <br />1971 58,857.775 .92 97.27 100.52 9-30-72 <br />1972 63,904.065 .92 93.61 94.80 2-28-73 (5 mol <br /> <br />*Various Rates <br /> <br />Tax Rate Limitations Imposed by Texas Constit~tion: $2.50 <br />per $100 assessed valuation; by Home Rule Charter, $2.50 <br />for all city purposes. <br /> <br />Municipal Sales Taxes - The city has adopted the provisions <br />of Article 1066c, VCS, and levies a l~ sales tax. effective <br />January 1, 1969. which has produced net collections on a <br />full calendar year basis as follows: <br /> <br />Calendar Total % of Ad Val Equiv of Ad Per <br />Year Collected Tax LeVY Val Tax Rate Capita <br />1969 $ 94.158 21.03 $0.1918 $13 .57 <br />1970 95.777 18.62 .1713 13.40 <br />1971 115.640 21.36 .1965 16.18 <br />1972 118.485 20.32 .1869 16.58 <br />Tax Rate Distribution J31.g ~ 121.Q 129.2 <br />General Fund $0.6348 $0. 4 $0.5566 $0.70 <br />I & S Fund ~ .28 ~ .22 <br />Totals $0.9200 $0.92 $0.9200 $0.92 <br /> <br />0--'''' <br />-- <br /> <br />o <br /> <br />, <br /> <br />CITY OF LA PORTE <br />Harris County <br />June 7. 1973 <br /> <br />SE <br /> <br />MAP OF HARRIS COUNTY <br /> <br /> <br />,A \ SHOWING LOCATION OF <br /> <br />./ ,: CITY OF LA PORTE <br />, \'; <br />, <br />L" <br /> <br />I <br /> <br />.. <br />D <br />o <br />... <br />... <br />.. <br />.,. <br />... <br />::r <br />.. <br />co <br />.. <br />.. <br />... <br />o <br />.. <br />.. <br /> <br />:r <br />.. <br />.. <br />rr <br />.. <br />.. <br />:s <br />.. <br />.. <br />... <br />.. <br />.. <br /> <br />~ <br />.. <br />:r <br />n <br /> <br />INDUSTRIAL DISTRICT AGREEMENT The city of La Porte has entered I <br />into contracts with a number of industrial plants whereby ~ <br />the city created the La Porte Industrial Diatrict. The : <br />creatiOn of this type of Industrial District is authorized <br />by state statutes and these agreements extend to January <br />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 within the district will be assessed at the City's <br />current basis of assessment (8Q% in 1972) and will be taxed <br />at 25~ of the current tax rate ($0.92 in 1972). The city <br />receives approximately $300,000 yearly from the following <br />industries which comprise the industrial district. <br /> <br />.. <br />:s <br />~ <br />... <br />ii <br />.. <br />.. <br />g <br />.. <br />.. <br />.. <br />.. <br />~ <br />.. <br />.. <br />.. <br />CD <br />co <br />o <br />.. <br />.. <br />::r <br />CD <br /> <br />f <br />.. <br />.. <br />.. <br />i: <br />... <br /> <br />Ohmstede Machine Works <br />American Cryogenics <br />Houston Lighting & Power Company <br />Na tional Petro Chemical Company <br />Celanese Company of America <br />Up John Company <br />Grief Brothers <br />A.B. Chemical Company <br />Phillips Petroleum Company <br />Diamond Shamrock Corporation <br />Texas Alkyls. Inc. <br />E.I. Du Pont de Nemours Company <br />Southwest Chemical and Plastics <br />Air Products <br />Lubrizol Corporation <br />National Distillers <br />Signal Chemical Company <br /> <br />.. <br />.. <br />.. <br />.. <br />.. <br />.. <br />.. <br />.. <br />.. <br />g <br />o <br />.. <br />... <br />iil <br />Ii <br />~ <br />D <br />CD <br />C> <br />i <br />.. <br />.. <br />co <br />.. <br />g <br />l} <br />!!' <br />i' <br />c <br />~ <br />~ <br /> <br />DETAILS OF GENERAL OBLIGATION DEBT <br /> <br />(60M) <br />3is <br />(490M) <br /> <br />OUtstsnding <br />2-28-73 <br /> <br />San S Sys Ser'55 (NY) 2-15-55 F&A 15 <br />(88-135) Ca 2-15-70 Mtys 2-15 <br />3M-74-75; 6H-76; 10M-77 <br /> <br />$ 22.000 <br /> <br />Perm Imp GO Ser'59 9-15-59 M&S 15 <br />(1st National Bank. LaPorte) (~iS) <br />Mtys 3-15 WATER 15.31~ <br />10M-73/75; 25M-76-77: 45M-78-79; 25M-80 <br /> <br />GO 8-1-65 F&A 1 (35-3 or 88-218) (lr.PH) <br />(5M) Mtys 2-1 <br />20M-74-75; 25M-76-77; <br />25M-78-79; 30M-80-81l 40M-82; 50M-83-84; <br />50~1-85-86 <br /> <br />4fs <br /> <br />195,000 <br /> <br />(505M) <br />3h <br />3.60s <br />3.70s <br /> <br />440,000 <br />