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<br />LA PORTE, CITY OF
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<br />H){AS MUNICIPAL R~P[)~TS
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<br />TAX DATA (CONT'D)
<br />
<br />Municipal Sales Taxes The city has adopted the provisions
<br />of Article 1066c, VACS. Section 9. Net collections, on
<br />calendar year basis, are as follows:
<br />
<br />Calendar Total f. of Ad Val Equiv of Ad
<br />Year Collected Tax IIilvy Val Tax Rate
<br />1973 $104.528 11.47 $0.10
<br />1974 146,526 14.51 .13
<br />1975 175,764 16.69 .15
<br />1976 216,694 18.37 .17
<br />1977 242.445 16.81 .18
<br />Tax Rate Distribution l:m. 1976 197~ 1974
<br />General Fund $0.9135 $0.77 $0.7 06 $0.736
<br />I&S Fund .1365 .15 .1794 .184
<br />Totals $1. 0500 $0.92 $0. 9200 $0. 920
<br />
<br />INDUSTRIAL DISTRICT AGREEMENT The city of La Porte has
<br />entered into contracts with a number of industrial plants
<br />whereby the city created the La Porte Industrial District.
<br />The creation of this type 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 within the district will be assessed at the city's
<br />current basis of assessment (80% in 1977) and will be
<br />taxed at 25% of the current tax rate ($1.05 in 1977). The
<br />city received $B9B.713 in 1977 from the following indus-
<br />tries which comprise the industrial 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 />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 />Armais Company
<br />Deer Park, Inc.
<br />Goodyear Tire & Rubber Co.
<br />Liquid Air
<br />Pearsall Chemical Co.
<br />Quaker Oats Co.
<br />Saltex. Corp.
<br />Southwest Specialty Co.
<br />
<br />DETAIlS OF GENERAL OBLIGATION DEBT
<br />
<br />(490M)
<br />4ts
<br />(60M)
<br />4ts
<br />
<br />Outstanding
<br />9-30-77
<br />
<br />Perm Imp GO Ser'59 9-15-59 M&S'15
<br />(88-1135) (VEWS) Mtys 3-15 WATER 15.31%
<br />45M-78-79: 25M-Bo $115.000
<br />
<br />Pk Ser'59 9-15-59 M&S 15 (88-1135)
<br />(VEWS) Mtys 3-15
<br />20M-80: 40M-81
<br />
<br />60,000
<br />
<br />(505':'1) GO 8-1-65 F&A 1 135-3 or 88-218)
<br />(MPH) (5M) Mtys 2-1
<br />3. 60s 25M-78-79: 30M-80-81: 40M-82:
<br />50M-83-84 ;
<br />3.70s 50M-85-86
<br />Total General Obligation Bonds
<br />
<br />350.000
<br />$525,000
<br />
<br />Harris Co WC&ID #76 ~I & 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 />10M-78: 12M-79: 15M-80/83:
<br />18M-84: 20M-85/88: 30M-89;
<br />50M-90-91 310.000
<br />
<br />Harris Co WC&ID #56 ~~1 & San S Sys &
<br />Dr Imp Comb Rev & U/L Tax Ser'63
<br />6-1-63 JID 1 135-60) (YEWS) Mtys 84/93
<br />Ca 6-1-83 Mtys 6-1
<br />5M-78/88; 10M-8~-90; 15M-91:
<br />55M-92-93 2CO.000
<br />
<br />(160M) Harris Co WC&ID 656 ~~ & San S Sys &
<br />Dr Imp Comb Rev & U/L Tax Serl70
<br />2-1-70 F&A 1 (35-60) (VESC) Mtys 89/93
<br />Cs 2-1-88 (5M) Mtys 2-1
<br />6is 5M-7B/BO; 10M-Bl/BB; 5Y.-89;
<br />8s 5M-89; 101~-90/93
<br />Total Combination Tax & Revenue Bonds
<br />
<br />Combination Tax & Revenue Bonds
<br />(500M) Harris Co WC&ID #56 ~:w & San S Sys
<br />Dr Imp Comb l-ttys 6-1 Rev & U/L Tax
<br />Ser'56 6-1-56 J&D 1 (35-60) (YEWS)
<br />Ca see below
<br />4ts 18M-78; 19M-79; 20M-80: 21M-81-82:
<br />22M-83: 23M-84; 241-1-85; 251"-86;
<br />26101-87; 28M-88; 17;.j-89 Mtys 72/89
<br />Ca 6-1-71 @ 102~ reducing t% 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 />5s
<br />
<br />(250M)
<br />
<br />5s
<br />
<br />Recapitulation of Bond Totals
<br />General PurpOBe Bonds
<br />WW&SS Bonds
<br />Combination Tax & Revenue Bonds
<br />Total General CbliBation Debt
<br />
<br />$507.393
<br />17.607
<br />919,000
<br />
<br />Paying Agents
<br />
<br />(35-3 )
<br />(35-60)
<br />(88-218 )
<br />(88-1135 )
<br />
<br />Houston National Bank, Houston
<br />Texas Commerce Bank, Houston
<br />Bayshore National Bank, La Porte
<br />La Porte State Bank. La Porte
<br />
<br />Outstanding
<br />9- 30-77
<br />
<br />o
<br />
<br />$,(+,000
<br />
<br />145.000
<br />$9:9.000
<br />
<br />c
<br />
<br />$~44 . 000
<br />
<br />SCHEDULE OF GENERAL OBLIGATIO~ DEBT SERVICE REQUIREMENTS
<br />Water & Comb Tax &
<br />Tax Year Total Sewer rncl Rev Assumed
<br />Endg 9-30 Principal Interest Reqmts in Totnl Inc1 in Tota
<br />
<br />1978 $ 108,000 $ 65,902 $ 173,902
<br />1979 111,000 60,974 171,974
<br />1980 120,000 55.790 175.790
<br />1981 121,000 50,353 171.353
<br />1982 91.000 45,600 136.600
<br />1983 102,000 41,438 143,438
<br />1984 106.000 36.978 142.978
<br />1985 109,000 32.325 141,325
<br />1986 110,000 27,555 137,555
<br />1987 61.000 23,668 84,668
<br />1988 63,000 20,663 83,663
<br />1989 67,000 17,286 84,286
<br />1990 70,000 13.300 83,300
<br />1991 75,000 9,500 84.500
<br />1992 65,000 6,700 71,700
<br />1993 65.000 3.l50 68.150
<br />Totals $1,444.000 $~ $1,955,182
<br />
<br />$ 7.562
<br />7.235
<br />3.918
<br />
<br />$18,715
<br />$ 6.238
<br />
<br />Avg Ann Reqmts for Sys G.O. Bonds
<br />Avg Ann Reqmts Comb Tax & Rev Bonds
<br />
<br />$, 84,408
<br />85,518
<br />87,461
<br />91,123
<br />88,580
<br />87,038
<br />88.378
<br />88.550
<br />86,630
<br />84.668
<br />83.663
<br />84.286
<br />83.300
<br />84.500
<br />71.700
<br />68.150
<br />$1.347,953
<br />$ 84,247
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