HomeMy WebLinkAboutR-1998-04
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RESOLUTION NO. 98- 0'
ORIGINAL
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, ADOPTING THE
OFFICIAL NOTICE OF SALE AND OFFICIAL STATEMENT FOR THE 1998 SERIES GENERAL
OBLIGATION BONDS AND THE 1998 SERIES WATERWORKS AND SEWER SYSTEM REVENUE
BONDS.
WHEREAS, the City of La Porte needs to complete various capital improvement projects; and
WHEREAS, in the 1985 Bonds Election, the voters of the City of La Porte approved the issuance
of debt to fund said type of projects; and
WHEREAS, the City of La Porte is of the opinion that the issuance of debt best provides the funding
for the capital improvement projects; and
WHEREAS, the City Council is of the opinion that the Official Notice of Sale and the Official
Statement of the City should be adopted;
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, THAT:
Section 1. THAT, the Official Notice of Sale and Official Statement of the City of La Porte for the
1998 Series General Obligation Bonds and the 1998 Series Waterworks and Sewer System
Revenue Bonds is hereby adopted;
Section 2. That the City Council officially finds, determines, recites and declares that a sufficient
written notice of the date, hour, place and subject of this meeting of the City Council was posted at
a place convenient to the public at the offices of City of La Porte for the time required by law
preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government
Code; and that this meeting has been open to the public as required by law at all times during which
this resolution and the subject matter thereof has been discussed, considered and formally acted
upon. The City Council further ratifies, approves and confirms such written notice and the contents
and posting thereof.
PASSED AND APPROVED this the 27th day of April, 1998.
~T. J4
'i::/tr ll, L(tJ4
a a GIllett, CIty Secretary