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<br />REtEST FOR CITY COUNCIL AGENDA tM <br /> <br />AGENDA DATE 9/8/99 <br /> <br />REQUESTED BY Jeff Litchfield. Assistant City Manaaer <br /> <br />_ REPORT; _ RESOLUTION; ~ ORDINANCE; <br /> <br />At 6:00 p.m. on September 8, 1999, the La Porte Area Water Authority will receive Bids on the <br />refunding of $8,080,000 in debt originally incurred by the Authority in 1988. <br /> <br />In order to complete the refunding, the City of La Porte needs to pass the attached ordinance, <br />which was prepared by Paul Martin of Akin, Gump, Strauss, Hauer, & Feldt LLP. Mr. Martin <br />represents both the City and the Authority. <br /> <br />The Ordinance is an ordinance consenting to a proposed bond resolution and continuing <br />disclosure agreement to be adopted by the La Porte Area Water Authority. <br /> <br />The savings information for the refunding will be available at Monday's meeting. <br /> <br />ACTION REQUIRED BY COUNCIL: <br /> <br />Approve Ordinance consenting to a proposed bond resolution and continuing disclosure <br />agreement to be adopted by the La Porte Area Water Authority, <br /> <br />FUND N/A <br /> <br />ACCT NUM: <br /> <br />FUNDS AVAILABLE: <br /> <br /> <br />COUNCIL AGENDA <br /> <br />Q"2-QQ <br />DATE <br />