1986-06-09 Regular Meeting of La Porte City Council

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. e :. VINSON & ELKINS ATTORNEYS AT LAW FIRST CITY CENTRE 816 CONGRESS AVENUE AUSTIN, TEXAS 78701-2496 TELEPHONE 512 495-6400 3300 FIRST CITY TOWER 1001 FANNIN HOUSTON, TEXAS 77002 -6760 TELEPHONE 713 651.2222 CA8LE VINELKINS-TELEX 762 /46 47 CHARLES ST.,6ERKELEY SQUARE LONDON WIX 7PB. ENGLAND TELEPHONE 01 441 491.7236 CABLE VINELKINS LONDON WI-TELEX 24140 SUITE 900 1101 CONNECTICUT AVE. N, W. WASHINGTON. C. C. 20036-4303 TELEPHONE 202 662-6500 CABLE VINELKINS-TELEX 89680 June 3, 1986 VIA FEDERAL EXPRESS Knox W. Askins, Esq. 702 West Fairmont Parkway La Porte, Texas 77571 Dear Knox: Enclosed are execution copies of the inducement resolu- tion for The Dow Chemical Company pollution control facil- ities. I am sending execution copies because of the short- ness of time, but please do review the resolution as I can still send you substitute pages if something needs to be changed. After adoption of the resolution, please return four of the executed resolutions and certificates to me, keeping one for the City's records. '$. Grant Holland will be attending the meeting, and will bring one of his environmental engineers with him. I have advised him that the City Council meeting will start at 6: 00 p.m. on Monday, June 9, 1986. Please advise him if there are any changes in the time or date. I have told Grant that he or the engineer should be prepared to answer questions and to give a brief description of the facilities if the Council so desires. I would appreciate it if you could inform the Council that the passage of this resolution is a preliminary step in the process of the issuance of bonds, and that before any bonds are actually issued the matter will be brought back to the City Council again. As I believe we discussed, this resolution is an inducement resolution in the same nature as those which have been adopted by the La Porte Industrial Development Corporation for bonds they were contemplating issuing.