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i <br />City Council Minutes — March 28, 2000 — Page 3 <br />Assistant City Attorney read: ORDINANCE 2000-2388 — AN ORDINANCE <br />APPROVING AND AUTHORIZING AN AGREEMENT BETWEEN THE CITY OF <br />LA PORTE AND THE CITY OF LA PORTE DEVELOPMENT CORPORATION, FOR <br />SALES AND USE TAX RETENTION; MAKING VARIOUS FINDINGS AND <br />PROVISIONS RELATING TO THE SUBJECT; FINDING COMPLIANCE WITH THE <br />OPEN MEETINGS LAW; PROVIDING AN EFFECTIVE DATE HEREOF. <br />Motion was made by Councilperson Engelken to approve ordinance 2000-2388 as <br />presented by Mr. Litchfield. Second by Councilperson Ebow. The motion carried. <br />Ayes: Sutherland, Engelken, Ebow, Griffiths, Porter, Gay, Young, Clarke, and Mayor <br />Malone. <br />Nays: None <br />Abstain: None <br />9. Council considered approving an ordinance authorizing issuance of $3,250,000 General <br />Obligation Bonds, Series 2000. <br />Assistant City Manager Jeff Litchfield presented summary and recommendation and <br />answered City Councils questions. <br />Motion was made by Councilperson Clarke to accept the recommendation from the <br />Financial Advisor. Second by Councilperson Engelken. The motion carried. <br />Ayes: Sutherland, Engelken, Ebow, Griffiths, Porter, Gay, Young, Clarke, and Mayor <br />Malone. <br />Nays: None <br />Abstain: None <br />Assistant City Attorney read: ORDINANCE 2000-2389 — AN ORDINANCE <br />AUTHORIZING THE ISSUANCE OF $3,250,000 CITY OF LA PORTE, TEXAS <br />GENERAL OBLIGATION BONDS, SERIES 2000, AND ALL OTHER MATTERS <br />RELATED THERETO <br />Motion was made by Councilperson Ebow to approve ordinance 2000-2389 as presented <br />by Mr. Litchfield. Second by Councilperson Engelken. The motion carried. <br />Ayes: Sutherland, Engelken, Ebow, Griffiths, Porter, Gay, Young, Clarke, and Mayor <br />Malone. <br />Nays: None <br />Abstain: None <br />10. Council considered approving an ordinance authorizing issuance of $3,000,000 <br />Certificates of Obligation, Series 2000. <br />Assistant City Manager Jeff Litchfield presented summary and recommendation. <br />Motion was made by Councilperson Clarke to accept the recommendation from the <br />Financial Advisor. Second by Councilperson Porter. The motion carried. <br />