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•. • <br />MORONEY, BEISSNER & CO., INC. <br />Municpal Financial Advisors <br />Two Post Oak Central Bldg. <br />1980 Post Oak Blvd., Suite 2100 <br />Houston, Texas 77056 <br />March 6, 2000 <br />Mr. Mark Spinelli <br />First Vice President <br />AMBAC <br />One State Street Plaza, 16th Floor <br />New York, NY 10004 <br />Re: City of La Porte, Texas (Harris County) <br />$3,250,000 General Obligation Bonds, Series 2000 and <br />S3, 000, 000 Certificates of Obligation, Series 2000 <br />"Qualified Tax Exempt Obligations" <br />Proposed sale date is March 27, 2000 <br />Dear Mark: <br />713-960-8900 <br />7131960-8904 Facsimilie <br />Enclosed please find our draft of the Official Notice of Sale, Official Statement and supporting <br />statistical data describing the City of La Porte, Texas, and the offering of the above captioned <br />obligations which have a sale date of March 27, 2000. Also enclosed are the City's Audit <br />Reports for fiscal years ending September 30, 1998 and 1999, and the Budget for 1999-2000. <br />Please review this information with a eye towards qualifying these issues for insurance. We <br />would appreciate hearing from you by Friday, March 24th. In the meantime if you have any <br />questions or require additional information, please let us know. <br />MKF: scot <br />enclosures <br />cc: City of LaPorte <br />Yours very truly, <br />1~4-- <br />oss K. Fetzer ' <br />Vice President <br />Established in 1919 <br />