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REAT FOR CITY COUNCIL AGENDA ITO <br />AGENDA DATE 03/27/2000 REQUESTED BY Jeff Litchfield, Finance Director/ACM <br />REPORT; RESOLUTION; XX ORDINANCE; <br />At 6:00 p.m. on March 27, 2000, the City of La Porte plans to accept bids for the issuance of <br />General Obligation Bonds. <br />The General Obligation Bonds that will be issued total $3,250,000 and represents projects that were <br />approved by the voters in the January 16, 1999 election. The projects for which bonds are being <br />sold are: <br />City Hall Expansion $ 1,500,000 <br />Replace Fire Station 3 750,000 <br />Replace Fire Station 4 750,000 <br />Replace San Jacinto Swimming Pool 250,000 <br />Total $ 3,250,000 <br />In order to complete the sale, the City of La Porte needs to adopt the attached ordinance, which was <br />prepared by Paul Martin of Akin, Gump, Strauss, Hauer, & Feld, LLP. <br />ACTION REQUIRED BY COUNCIL: <br />Approve ordinance authorizing issuance of $3,250,000 General Obligation Bonds, Series 2000. <br />FUND N/A ACCT NUM: FUNDS AVAILABLE: <br />APPRO FDR CITY COUNCIL AGENDA <br />RO HER ERA, CITY MANAGER DAT <br />