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station is described on the Federal Communications Commission (FCC) website as KHJK, 103.7 FM, station is described on the Federal Communications Commission (FCC) website as KHJK, 103.7
<br />FM,
<br />broadcast through either the Kbroadcast through either the K--LOVE Radio or Air1 Radio networks. You will notice in the attached LOVE Radio or Air1 Radio networks. You will notice in
<br />the attached
<br />documents that the maximum principal amount for the taxdocuments that the maximum principal amount for the tax--exempt bonds will be $30 million, but exempt bonds will be $30 million,
<br />but
<br />the portion of that total allocable to the License assigned by the FCC to La Porte and the radio the portion of that total allocable to the License assigned by the FCC to La Porte and
<br />the radio
<br />antenna for this station, which is located in Liberty County, is approximately $3,000,000. antenna for this station, which is located in Liberty County, is approximately $3,000,000.
<br />
<br />
<br />It is mentioned in the correspondence and draft approval resolution, but I would like to reiterate It is mentioned in the correspondence and draft approval resolution, but I would like
<br />to reiterate
<br />that the repayment of these bonds will be the sole responsibility of Educational Media Foundation. that the repayment of these bonds will be the sole responsibility of Educational Media
<br />Foundation.
<br />No taxpayer dollars will be pledged or used to pay back the bonds, and the bonds will not be the No taxpayer dollars will be pledged or used to pay back the bonds, and the bonds will
<br />not be the
<br />debt of La Porte. Educational Media Foundation will cover the cost of the public notice that is debt of La Porte. Educational Media Foundation will cover the cost of the public notice
<br />that is
<br />required by the Internal Revenue Code, and will also cover any additional costs of La Porte that arise required by the Internal Revenue Code, and will also cover any additional costs
<br />of La Porte that arise
<br />in connection with holding the public hearing and considering the approval ordinance.in connection with holding the public hearing and considering the approval ordinance.
<br />
<br />Please pass any and all of this information on to the City Council, and please feel free to contact me Please pass any and all of this information on to the City Council, and please
<br />feel free to contact me
<br />at any time to answer any questions you or they may have. In the meantime, I will contact at any time to answer any questions you or they may have. In the meantime, I will contact
<br />Educational Media Foundation to have someone call you about the Community of License aspect of Educational Media Foundation to have someone call you about the Community of License aspect
<br />of
<br />this radio license. Thank you for your time, and I look forward to hearing back from you regarding this radio license. Thank you for your time, and I look forward to hearing back from
<br />you regarding
<br />scheduling the public hearing.scheduling the public hearing.
<br />
<br />Thank you,Thank you,
<br />DianaDiana
<br />
<br />
<br />DIANA B. SILVEIRADIANA B. SILVEIRADIANA B. SILVEIRADIANA B. SILVEIRA
<br />ATTORNEYATTORNEY
<br />dsilveira@peckshaffer.comdsilveira@peckshaffer.com
<br />65 EAST STATE STREET65 EAST STATE STREETTEL 614 233TEL 614 233--53925392
<br />SUITE 500SUITE 500888 900 5205888 900 5205
<br />COLUMBUS, OH 43215 COLUMBUS, OH 43215 FAX 614FAX 614--224224--0069 0069
<br />
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<br />promulgated by the Internal Revenue Service under 31 CFR Part 10, Section 10.35, we inform you
<br />that, unless specifically indicated otherwise, any tax advice contained in this communication (including any attachments) was not intended or that, unless specifically indicated otherwise,
<br />any tax advice contained in this communication (including any attachments) was not intended or
<br />written to be used, and cannot be used, for the purpose of (i) avoiding taxwritten to be used, and cannot be used, for the purpose of (i) avoiding tax--related penalties under the Internal
<br />Revenue Code, or (ii) promoting, related penalties under the Internal Revenue Code, or (ii) promoting,
<br />marketing, or recommending to another party any taxmarketing, or recommending to another party any tax--related matter addressed herein. related matter addressed herein.
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