HomeMy WebLinkAboutR-1987-19
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RESOLUTION NO. 87-19
A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF LA PORTE
SUPPORTING ECONOMIC DEVELOPMENT INITIATIVES ON THE NOVEMBER 3,
1987, GENERAL ELECTION BALLOT
WHEREAS, Texas cities actively supported economic
development measures during the last regular session of the
Texas legislature; and
WHEREAS, economic development programs are vital to the
continued fiscal health of Texas cities; and
WHEREAS, Amendment No.4 on the November 3, 1987, general
election ballot will, if passed, authorize the legislature to
provide for programs and to make loans and grants of public
money to aid economic development in Texas; and
WHEREAS, Amendment No.5 on the same ballot will, if
passed, authorize certain cities to aid the construction of
turnpikes, toll roads, and toll bridges by guaranteeing bonds
issued by the Texas Turnpike Authority; and
WHEREAS, Amendment No.6 on the ballot will, if passed,
authorize the legislature to provide for state financing of the
development and production of Texas products and businesses;
and
WHEREAS, Amendment No. 11 on the ballot will allow local
option property tax exemptions for inventory located
temporarily in the state; and
WHEREAS, Amendment No. 19 on the ballot will, if passed,
allow the legislature to authorize $500 million in general
obligation bonds to support the U.S. Department of Energy's
superconducting supercollider if it is sited in Texas; and
WHEREAS, these five amendments have great potential to
assist Texas cities in their economic development efforts.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF LA PORTE
THAT the City Council of the City of La Porte supports
passage of Amendments 4, 5, 6, 11, and 19.
PASSED AND APPROVED this the 19th day of October, 1987
CITY OF LA PORTE
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Norman L. Malone, Mayor
ATTEST:
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Cherie Black, City Secretary