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<br />e . <br />REQUEST FOR CITY COUNCIL AGENDA .M <br /> <br />AGENDA DATE April 27, 1998 <br /> <br />REQUESTED BY Jeff Litchfield. Finance Director/ACM <br /> <br />_ REPORT; ~L RESOLUTION; _ ORDINANCE; <br /> <br />The City of La Porte will be selling $3 million in General Obligation Bonds and $1.25 million in <br />Revenue Bonds in the next couple of months. This money will be used to fund projects that have <br />previously been discussed with Council and will be re-discussed at a future meeting. <br /> <br />As the first step in the process, the City Council needs to give approval over a document that is <br />known as the Offic,ial Notice of Sale and Official Statement. Included in the Council Member <br />Packets is a draft c::opy of the document. <br /> <br />The Official Statement contains information about the City and the area in general and is used by <br />potential investors. <br /> <br />ACTION REQUIRE:D BY COUNCIL: <br /> <br />Adopt Resolution approving the Official Statement of the City of La Porte. <br /> <br />FUND N/A <br /> <br />ACCT NUM: <br /> <br />FUNDS AVAILABLE: <br /> <br />APPROVED FOR CITY COUNCIL AGENDA <br />Gi~ T. \-\~ <br />ROBERT T. HERRIERA, CITY MANAGER <br /> <br />~-1"l-9~ <br />DATE <br />