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<br />e <br /> <br />e <br /> <br />KNOX W. ASKINS, J. D., p, C. <br />ATTORNEY AT LAW <br /> <br />.JOHN D. ARMSTRONG, ..J.D. <br />ASSOCIATE <br /> <br />702 W. F"AIRMONT PARKWAY <br />P. O. BOX 1218 <br />LA PORTE, TEXAS 77571-1218 <br /> <br />TELEPHONE <br /> <br />713 471-1886 <br /> <br />June 3, 1986 <br /> <br />Honorable Mayor and City Council <br />city of La Porte <br />City Hall <br />La Porte, Texas 77571 <br /> <br />Dear Ladies and Gentlemen: <br /> <br />You will recall that some months ago, Dow Chemical Company, which has <br />acquired UpJohn Company, asked for Ci ty of La Porte approval of a <br />pollution control bond issue for their La Porte facilities. That <br />issue was a part of a larger issue, which was authorized by the <br />Brazosport Industrial Development Corporation board of directors. <br /> <br />Now, in the same manner, Dow wishes to induce $8,000,000.00 of <br />additional pollution control bonds for its La Porte facility. As on <br />the previous issue, I feel that this is a net plus for the City of La <br />Porte, as it adds $8,000,000.00 in industrial revenue values to the <br />Battleground Industrial District, while at the same time the facilities <br />will improve the quality of our environment. <br /> <br />Attached is a letter from Mr. James A. Thomassen, of Vinson & Elkins' <br />Austin office, bond attorneys for this project. I had asked him in <br />our recent phone conversation, to have engineers from Dow-UpJohn <br />available at the meeting, to answer any questions which Council might <br />have about the project. <br /> <br />I recommend approval of the resolution. <br /> <br />Yours very truly, <br /> <br />Knox W. Askins <br />City Attorney <br />City of La Porte <br /> <br />KWA:zlw <br />