1984-01-19 Special Called Meeting

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• MINUTES OF THE SPECIAL CALLED MEETING OF THE LA PORTE CITY COUNCIL JANUARY 19, 1984 1. The Special Called Meeting of the La Porte City Council was called to order by Mayor Cline at 5:00 P.M. Members of the Cit Council Present: Mayor Virginia Cline, Counci persons Lin say P ei er, E Matuszak, Linda Westergren, John Longley, and B. Don Skelton Members of the Cit. Council Absent: Councilpersons Deotis Gay, Norman Ma one, an Kevin Graves Members of the Cit Staff Present: City Manager Jack Owen, City Attorney Knox As ins, Assistant City Secretary Laura Hall • Others Present: David Fetzer and Pete Fisher, representatives o Moroney-Beissner; Cary Burnley, Vice-President of College View Municipal Utility District; Ms. Arands, Bayshore Sun- Broadcaster; Sherri Carver, Baytown Sun 2. Council considered approving official notice of sale and official statement to be used in connection with College View Municipal Utility District combination tax and revenue bonds series 1984. David Fetzer-and Pete Fisher of Moroney-Beissner presented information regarding the official notice of sale and official statement to be used in connection with: College, View Municipal Utility District combination tax and revenue bonds series 1984. Mr. Fetzer mentioned that the date of the sale is February 21st of this year in the District's offices and that the bonds will become effective March 27, 1984, when the District is dissolved. Mr. Fisher said the bonds are being issued in registered form and have an optional feature of the City being given the opportunity to call the bonds in 1994 (for 1995 out) due, and refinance at a lower interest rate. The maximum interest rate now allowed by law would be 15%. the proceeds of the sale will be used on the water and sewer system within the District. Mr. Fisher stated that First City National Bank had been named paying agent (registrar) for the bonds and that the bonds will be delivered March 26, 1984.