1980-12-17 Regular Meeting - Laserfiche WebLink

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e e . MINUTES - REGULAR MEETING OF THE LA PORTE CITY COUNCIL - LA PORTE, TEXAS DECEMBER 17, 1980 l. Meeting called to order by Mayor Meza at 7:00 P.M. Members of the City Council Present: Mayor J. J. Meza, Councilman John Tomerlin, Councilman I. J. Kibodeaux, Councilwoman Virginia Cline, Councilman Tom Simons, Councilman Norman L. Malone Members of the City Council Absent: None Other City Officials Present: City Manager James R. Hudgens; City Attorney Knox Askins; City Secretary Betty T. Waters; Police Chief H. F. Freeman; Public Works Director Jerry Hodge; Fire Marshal Paul Hickenbottom; Chief Inspector David Paul is- sen; Parks Director Stan Sherwood Others Present: David Fetzer, Pete Fisher, Dick Richards, . John Courville, Pat Calahan, Lou Lawler, Dave Corbin, Keith Johnson 2. The invocation was given by Councilman Kibodeaux. 3. Mayor Meza asked if there was anyone present who wished to submit a bid on the Certificates of Obligation. No one came forward. Mayor Meza declared bidding closed. Mayor Meza asked that the bid received on the Certificates of Obligation be read by David Fetzer of Moroney, Beissner, the City's financial advisors. The bid was submitted under the terms and conditions of the "Official Notice of Sale" dated December 3, 1980, of $800,000 City of La Porte, Texas, Certificates of Obligation, Series 1980. Attached was a certified check from Bayshore National Bank of La Porte, in the amount of $16,000 which represents a Good Faith Deposit and which also was submitted in accordance with the terms set forth in the "Official Notice of Sale." Bayshore National Bank and First City Bank of La Porte jointly bid 7.75% on the $800,000. of Certificates maturing 1982 through 1991. Motion was made by Councilman Kibodeaux, seconded by Coun- . cilman Tomerlin to accept the bid as submitted jointly by Bayshore National Bank and First City Bank of La Porte of 7.75% on the $800,000. Certificates of Obligation. The motion -.---- -.-.-