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<br /> <br />. <br /> <br /> <br />e <br />nXAS MUNICIPAl- ~EPO~TS <br /> <br />CDlllpilecl lltel 'witN,hed "y <br />MUNIOPAL ADVISORY COUNCIL TIlXAS <br /> <br />T.... Sto. ... lullell.. . Aultfll <br /> <br />\ <br />'\ <br />\' ,r~ <br />. ~~~ 4-/ <br />\ . I '~L <br />. '"' L... __-v../ -, <br />,_~ -- ~L <br />"A~a \ \ <br />'...- <br /> <br />ao.rooan, II. <br /> <br />\ <br />. <br />~\ <br />r' <br />';.\ <br />';\ <br /> <br />fa In <br /> <br />\ <br />. '1:~ <br />/~........... <br /> <br />" <br />.' <br /> <br />" <br />I::~.. "".. Housro" <br />....~Q... <br />III "_*D. <br />-. <br />III.. .. <br />..~'~.'" <br />.~ <br /> <br />" :, <br />...., . <br />. " <br />'..;-..... <br />.,...., .. <br />....'.. f <br />...... i-' <br />~./!~'.. ~::.:'::..J'-':I~':::X: ':' <br />l .unl", co. <br /> <br />. <br /> <br />FINANCIAL STATEMENT (As of September 30. 1977) <br />Assessed Valuation. 1977 (~6.5~% of Actual*) . .$139.277,18~ <br /> <br />Outstanding <br />$ 507.393 <br />17.607 <br />919.000 <br />$l,ijijij.OOO <br /> <br />620.798 <br />capita ) $ <br /> <br />General Obligation Debt I&S Fund <br />General Purpose Bonds) <br />WWks & S Sys Bels ) <br />Comb Tax & Rev Bels ) $177,096 <br />Totals $177.09: <br />Less: Self-Supptng Debt $505.72 <br />Applicable 1&8 Ftl 11~.072 <br />Net Debt (0.59% of A.V. - $lO~r <br /> <br />823.202 <br /> <br />Population: 1960-~.5l2; 1970-7.l~9; 1975-7.995 Cens. Est. <br /> <br />Special Obligation Debt <br />Waterworks & Sewer System <br />Airport Revenue Bonds . <br />Special Fund Balances <br />1&:8 Fund <br />Reserve Fund <br />Contingency Ftl <br /> <br />Bonds . . . . . . . $ <br /> <br />285.000 <br />33.000 <br /> <br />Airport Rev <br />$3,112 <br />6.300 <br />-X- <br /> <br />WWks & S Sys <br />$27.835 <br />87.659 <br />56.l~1 <br /> <br />*As reported by Tax Research Association, Houston, Texas, <br />based on actual survey. <br /> <br />e <br /> <br />CITY OF LA PORTE <br />Harris County <br />March 7. 1978 <br /> <br />SE <br /> <br />\ <br />,), <br />/\ <br />\ <br />\ <br /> <br />MAP OF HARRIS COUNTY <br />SHOWING LOCATION OF <br />CITY OF LA PORTE <br /> <br />i..- .... <br />>,i ( <br />, .''' '" .....,,--~JO.1 <br />\'Unii.'.uo ~ ....no... <br />\".; {"--":r../1 " , <br />".or DleA: 20. c.l <br />' ..BAD...\ "'RO~~. · ""'-_......; <br />t i. ':.~.\.--_; <br />10." ,...;J, 'r-'~~fl~irof:r ...... <br />~ U · <br />\' '" .... <br />:> \ <br />.' [---7 <br />7"IJt.ROO. <br />......... """I <br />" <br />\ <br /> <br />1 <br />o <br />, _ _ - -cooan <br /> <br />.. <br />" <br />o <br />'tI <br />'< <br />o <br />... <br />rt <br />::r <br />... <br />.. <br />.. <br />lD <br />'tI <br />o <br />.. <br />rt <br />::r <br />.. <br />.. <br />0' <br />lD <br />lD <br />'" <br />... <br />... <br />... <br />lD <br />'" <br />0: <br />... <br />rt <br />::r <br />n <br />~ <br />... <br />.. <br />rt <br />lD <br />lD <br />g <br />:i <br />i <br />rt <br />... <br />g <br />o <br />... <br />'" <br />lD <br />~ <br />... <br />rt <br />.. <br />lD <br />.. <br />o <br />... <br />rt <br />::r <br />lD <br />... <br />.. <br />rt <br />... <br />o <br />'" <br />.. <br />... <br /> <br />f:' <br />.. <br />o <br />~ <br />.. <br />rt <br />.. <br />o <br />:s <br />o <br />... <br />... <br />'" <br />.. <br />" <br />.. <br />.. <br />:s <br />" <br />lD <br />n <br />~ <br />... <br />.. <br />.. <br />... <br />o <br />'" <br />lD <br />.. <br />!' <br /> <br />The iDformation ccmtaiDed in this Texas Municipal Report has been obtained from diverle sources. '!bese source. are usll8lly reliable, but neithar <br />their cOlllJll.eteness, accuraQJ or validity 10 guaranteed by the pubJ.1oher. The origin ot such _terial and the bal10 tor its publication will be <br />_de available upcm requa.t. <br /> <br />. _ _ _ _ _ _ _ _ _aoonoa <br />CI" Utllll <br />______c", LlDITS <br /> <br /> <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 193ij when there was a general refund- <br />ing at par with a reduction in interest rate. <br /> <br />TAX DATA Taxes are due October 1; and delinquent after <br />January 31. Current collections are for a 12 month period <br />from the due date and total collections exclude all penalty <br />and interest unless otherwise noted. <br /> <br />Tax Assessed Tax % Collections Year <br />Year Valuation Rate ~ ~ Endg <br />1972 $ 63,985,372 $0.92 96.91 99.06 9- 30-73 <br />1973 100,73~.366* .92 98.36 100. 3~ 9- 30-7~ <br />197ij 109,188,168 .92 91.011- 98.12 9-30-15 <br />1915 ll3.8ij1.135 .92 97.21 99.32 9-30-16 <br />1976 126.562,ij91 .92 98.03 100. 01 9-30-11 <br />1977 l39.277,18~ 1. 05 (In process of collection) <br />*Increase in assessed value due to partial annexation of <br />industrial districts under renegotiated contracts. <br /> <br />Tax Rate Limitations Article XI. Section 5 of Texas Consti- <br />tution. applicable to cities of more than 5.000 population: <br />$2.50 per $100 assessed valuation. City operates under a <br />Horne Rule Charter which adopts constitutional provisions. <br /> <br />'!be Texas Municipal Report 10 de.igned to contain information which IIIIY be usefVJ. and helpfVJ. to lIII!lIlber. ot the Municipal Advisory Council in <br />evaluating the IIIWIicipal .ecuritie. ot the 100uer to which it applie.. However, liml.tations ot expense, available elata, and technical staff <br />nece..arily mean that the iDformation contained in the Texa. Municipal Report i. oub.tantial:ly la.. than all the information needed to reach <br />a decision with respect to the purchase or sale ot an;y IIIWIicipal security. The Texa. Municipal Report 10 not designed a. a .elling dOCWll8Dt. <br />The Texas Municipal Report, it not used iD ccm.1unction with other information available f'rom the i.ouer, can be misleading. Complete inf'orma- <br />tion to support a dec1oion to purchase or sell a IIIIIJIicipal security should be obtained f'rom the 100uer or its authorized representative. <br /> <br />Much ot the iDformation ccmtained in the Texas Municipal Report is a matter of intarpretaticm. The staff ot the Municipal Advi.ory councu ot <br />Texas 10 available to discu.. their IIIllthod ot interpretation ot an;y such information. Some ot the method. used to campile the Texa. Municipal <br />Reports, and the interpretation. _de, are arbitrary, and may differ i'rom methods and interpretaticm. used by others. In that cllllDllcticm the <br />Municipal Advi.ory Council publlohe. a 1IIlIlU&1 outlining the methods used iD compilation ot the Texas Municipal Report.. <br /> <br />The iDformation ccmtained in the Texa. Municipal Report is balieved to be correct a. of the elate or elates indicated, but it is to be underatood <br />that some ot the iDtormation will change with the pasoage ot tilllll. <br /> <br />. <br /> <br />...."IDOIIfI... <br /> <br />if <br />0: <br />>< <br />o <br />t <br />