La Porte City Council on Monday voted unanimously to approve an ordinance authorizing the issuance of certificates of obligation, general obligation refunding bonds and La Porte Water Authority Contract Revenue Refunding Bonds for various projects.
"At this time, we would like to issue Certificates of Obligation for street improvements, drainage improvements and parks improvements throughout the City and professional services rendered in connection with the issue of debt," Finance Director Michael Dolby said. "Therefore, we are requesting consideration and approval of an ordinance authorizing the issuance of approximately $6,065,000 in City of La Porte Texas Certificates of Obligations, Series 2010."
The city will also issue approximately $4.305 million in general obligation refunding bonds for refunding debt to save costs on previous bond issues. The La Porte Water Authority will issue approximately $4.055 million in refunding bonds to save costs on outstanding debts, as well.
The city council voted to approve an ordinance authorizing the city manager to enter into a water service agreement and sanitary sewer service agreement with Seawater, Inc.
The city council voted to award development of a Continuity of Operations Plan for the city to Beck Disaster Recovery, Inc. in an amount not to exceed $75,000. The city had received $75,000 in grants through the Regional Catastrophic Preparedness Grant Program for development of a continuity plan.
The city council voted to approve the La Porte Facilities Naming Committee recommendations for changing the working names of two new parks. Pond to Park will be renamed Wood Falls Park, and Westside Park will be renamed to Pecan Park.
The city council voted to concur with the vote of the La Porte Development Corporation to cancel the lease of the "Alamo" building at 117 San Jacinto Street.
"The lease speaks directly to the failure to deliver the building in a timely manner and the right to terminate in that event," City Manager Ron Bottoms said.
Bottoms said no payments were ever made by the city on the lease as the building was never delivered for occupancy.
All items were approved. All votes were unanimous with all members present. Agenda