HOUSTON TAXPAYERS ARE BEING SET UP TO BE SHORT CHANGED AGAIN

From: "Tom Bazan" <tbazan@houston.rr.com>
To: <mayor@cityofhouston.net>, <districti@cityofhouston.net>,
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Cc: <viewpoints@chron.com>, <paul_bettencourt@co.harris.tx.us>,
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Subject:
HOUSTON TAXPAYERS ARE BEING SET UP TO BE SHORT CHANGED AGAIN
Date:
Fri, 9 Jul 2004 21:12:53 -0500

The Sports Authority must have tricked voters when they promised we would never have to pay a single dime for these bonds.

Suckers!!!!!!!!!!!!!!!!

If sales tax collections are skyrocketing, and the Sports Authority still must try and refinance the crushing taxpayer-backed debt, why is the City subordinating taxpayers protected position in favor of some wealthy east coast bond traders?

Mayor Lee. P. Brown certainly was generous when this deal was cut, now Houstonians are being asked to kiss this asset goodbye.

Who's watching out for whom?

Any council member who votes for this, and when there is a default, each should be held personally accountable.

Tom Bazan
P.O. Box 2786
Houston, TX 77252

832.673.0018

BAZAN, a long-time real estate broker, appraiser and environmental consultant, is the Independent Candidate for the 18th Congressional District of Texas, running to replace Sheila Jackson-Lee

www.BazanForCongress.com

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This week's COH Agenda::

http://www.ci.houston.tx.us/citysec/agenda.html

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21. ORDINANCE approving and authorizing subordination of purchase right (Toyota Center Garage) among the City of Houston, Texas, THE HARRIS COUNTY-HOUSTON SPORTS AUTHORITY, and JPMORGAN CHASE BANK for purposes of allowing the Harris County-Houston Sports Authority to obtain favorable restructuring of its parking garage debt and in consideration of payment of certain monies by the Harris County-Houston Sports Authority to the City - DISTRICT I - ALVARADO

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