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R-1998-04
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R-1998-04
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Last modified
11/2/2016 3:48:37 PM
Creation date
7/27/2006 3:49:57 PM
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Legislative Records
Legislative Type
Resolution
Legislative No.
R-1998-04
Date
4/27/1998
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<br />. <br /> <br />RESOLUTION NO. 98- 0' <br /> <br />ORIGINAL <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, ADOPTING THE <br />OFFICIAL NOTICE OF SALE AND OFFICIAL STATEMENT FOR THE 1998 SERIES GENERAL <br />OBLIGATION BONDS AND THE 1998 SERIES WATERWORKS AND SEWER SYSTEM REVENUE <br />BONDS. <br /> <br />WHEREAS, the City of La Porte needs to complete various capital improvement projects; and <br /> <br />WHEREAS, in the 1985 Bonds Election, the voters of the City of La Porte approved the issuance <br />of debt to fund said type of projects; and <br /> <br />WHEREAS, the City of La Porte is of the opinion that the issuance of debt best provides the funding <br />for the capital improvement projects; and <br /> <br />WHEREAS, the City Council is of the opinion that the Official Notice of Sale and the Official <br />Statement of the City should be adopted; <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, THAT: <br /> <br />Section 1. THAT, the Official Notice of Sale and Official Statement of the City of La Porte for the <br />1998 Series General Obligation Bonds and the 1998 Series Waterworks and Sewer System <br />Revenue Bonds is hereby adopted; <br /> <br />Section 2. That the City Council officially finds, determines, recites and declares that a sufficient <br />written notice of the date, hour, place and subject of this meeting of the City Council was posted at <br />a place convenient to the public at the offices of City of La Porte for the time required by law <br />preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government <br />Code; and that this meeting has been open to the public as required by law at all times during which <br />this resolution and the subject matter thereof has been discussed, considered and formally acted <br />upon. The City Council further ratifies, approves and confirms such written notice and the contents <br />and posting thereof. <br /> <br />PASSED AND APPROVED this the 27th day of April, 1998. <br /> <br />~T. J4 <br />'i::/tr ll, L(tJ4 <br />a a GIllett, CIty Secretary <br /> <br />
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