HomeMy WebLinkAboutO-2006-2880
10
REQUEST FOR CITY COUNCIL AGENDA ITEM
Report:
Resolution:
Ordinance: xx
Appropriation
Agenda Date Requested: March 24. 2006
Requested By: Cynthia Alexander. Asst City Mana2er
Department: FINANCE
Source of Funds: N/ A
Account Number: N/A
Amount Budgeted:
Amount Requested: N/A
Exhibits:
Budgeted Item:
Exhibits:
SUMMARY & RECOMMENDATION
At this time, we would like to issue General Obligation Bonds for the following projects:
Parks Improvement
$1,200,000
We are requesting consideration and approval of an ordinance authorizing the issuance of City of La Porte Texas
General Obligations Bonds, Series 2006.
Action Required bv Council: Approve Ordinance authorizing the sale of $1.2 million dollars in General
Obligation Bonds
Approved for City Council Agenda
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Date
Atro
ORDINANCE AUTHORIZING AND ORDERING THE ISSUANCE OF CITY
OF LA PORTE, TEXAS, GENERAL OBLIGATION BONDS, SERIES 2006;
AND CONTAINING OTHER MATTERS INCIDENT THERETO
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS:
ARTICLE I
FINDINGS AND DETERMINATIONS
Section 1.1: Findings and Determinations. The City Council hereby officially finds and
determines that:
(a) The City of La Porte, Texas (the "City"), acting through its City Council, is
authorized by its Home Rule Charter and the Constitution and laws of the State of
Texas, particularly Chapters 1331 of the Texas Government Code, as amended, to
issue bonds for the purpose of making needed public improvements;
(b) The issuance of the bonds herein authorized was approved by the voters of the
City at an election held for such purpose on February 2,2002 (the "Election");
(c) The City Council canvassed the returns of the Election and by Ordinance adopted
February 5, 2002, declared the results to be in favor of the issuance of such bonds;
(d) The City has now determined that it is necessary and advisable to authorize, issue
and deliver such bonds in the principal amount of $ (which takes
into account the principal amount of the Bonds of $ plus a premium
on the Bonds of $ );
(e) The City Council is of the opinion and hereby affirmatively finds that it is in the
best interest of the City to issue bonds in the amounts and for the purposes herein
stated.
ARTICLE II
DEFINITIONS AND INTERPRETATIONS
Section 2.1: Definitions. As used herein, the following terms shall have the meanings
specified, unless the context clearly indicates otherwise:
"Act" shall mean Chapters 1331, Texas Government Code, as amended.
"Attorney General" shall mean the Attorney General of the State of Texas.
CERTIFICATE FOR ORDINANCE
THE STATE OF TEXAS
COUNT Y OF HARRIS
CITY OF LA PORTE
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We, the undersigned officers of the City of La Porte, Texas (the "City"), hereby certify as
follows: y'
1. The City Council of the City convened in a regular meeting on April 24, 2006, at the regular
meeting place thereof, within the City, and the roll was called of the duly constituted officers and
membe~bf the City Council, to wit:
Alton E. Porter
Mike Mosteit
Barry Beasley
Mike Clausen
Howard Ebow
Chuck Engelken
Peter Griffiths
Tommy C. Moser
Louis Rigby
Mayor
Mayor Pro Tern
Council Member
Council Member
Council Member
Council Member
Council Member
Council Member
Council Member
and all of such persons were present except Ai /A , thus constituting a quorum. Whereupon,
among other business, the following was transacted at said meeting: a written
ORDINANCE AUTHORIZING AND ORDERING THE ISSUANCE OF CITY OF LA
PORTE, TEXAS, GENERAL OBLIGATION BONDS, SERIES 2006; AND
CONTAINING OTHER MATIERS INCIDENT THERETO
(the "Ordinance") was duly introduced for the consideration of the City Council. It was then duly moved
and seconded that the Ordinance be adopted; and, after due discussion, such motion, carrying with it the
adoption of the Ordinance, prevailed and carried by the following vote:
AYES: !1 NAYS: D ABSTENTIONS: D
2. That a true, full and correct copy of the Ordinance adopted at the meeting described in the
above and foregoing paragraph is attached to and follows this certificate; that the Ordinance has been duly
recorded in the City Council's minutes of such meeting; that the above and foregoing paragraph is a true,
full and correct excerpt from the City Council's minutes of such meeting pertaining to the adoption of the
Ordinance; that the persons named in the above and foregoing paragraph are the duly chosen, qualified
and acting officers and members of the City Council as indicated therein; that each of the officers and
members of the City Council was duly and sufficiently notified officially and personally, in advance, of
the date, hour, place and subject of the aforesaid meeting, and that the Ordinance would be introduced and
considered for adoption at such meeting, and each of such officers and members consented, in advance, to
the holding of such meeting for such purpose; that such meeting was open to the public as required by
law; and that public notice of the date, hour, place and subject of such meeting was given as required by
the Open Meetings Law, Chapter 551, Texas Government Code.
HOU:2570074.1
(SEAL)*'
HOU:2570074.1
SIGNED AND SEALED this April ~ ~. , 2006.
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City ecretary
City of La Porte, Texas
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