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<br />"Sec. 2-108. Performance and payment bonds required. <br /> <br />(a) Any public work contract with a prime contractor shall <br />require the contractor, before beginning the work, to execute <br />to the city: <br /> <br />(1) A performance bond if the contract is in excess of <br />$25,000.00; and <br /> <br />(2) A payment bond if the contract is in excess of <br />$25,000.00." <br /> <br />"State law reference--Performance and payment bonds, public <br />works contracts, Government Code ~2253. 001 et seq. ; <br />Performance bonds for municipal public works contracts, Local <br />Government Code ~252.044." <br /> <br />Section 3. <br /> <br />The City Council officially finds, determines, <br /> <br />recites, and declares that a sufficient written notice of the date, <br /> <br />hour, place and subject of this meeting of the City Council was <br /> <br />posted at a place convenient to the public at the City Hall of the <br /> <br />City for the time required by law preceding this meeting, as <br />required by the Open Meetings Law, Chapter 551, Texas Government <br />Code; and that this meeting has been open to the public as required <br />by law at all times during which this ordinance and the subject <br /> <br />matter thereof has been discussed, considered and formally acted <br /> <br />upon. <br /> <br />The City Council further ratifies, approves and confirms <br /> <br />such written notice and the contents and posting thereof. <br /> <br />Section 4. <br /> <br />This Ordinance shall be effective upon its <br /> <br />passage and approval. <br /> <br />PASSED AND APPROVED, this ____ day of <br /> <br />, 2007. <br /> <br />CITY OF LA PORTE <br /> <br />~u tI-e j i +(,1 f{1 <br />Wid I') aJ meefi ~ <br /> <br />By: <br /> <br />Alton E. Porter <br />Mayor <br /> <br />2 <br />