2000-005-RES DIRECTING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION

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CITY OF PARIS, TEXAS NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2000, IN THE PRINCIPAL AMOUNT OF $6,000,000 The City of Paris does hereby give notice of intention to issue Certificates of Obligation, Series 2000, in the maximum principal amount not to exceed $6,000,000 for paying all or a portion of the City's contractual obligations for the purpose of improving, constructing and reconstructing the City's streets, including the purchase ofthe necessary right of way and the construction of related drainage, sidewalk and street lighting improvements; improving, constructing and repairing drainage facilities including the purchase of the necessary right of way; constructing, improving and purchasing buildings for the Police Department, Fire Department, Municipal Courts Department and Parks and Recreational Department and Municipal Warehouse Department; improving and renovating the City Hall and Central Fire Station building together with renovation of that portion of that building which houses the Central Fire Station into City Council chambers, offices and related facilities; constructing, improving and equipping municipal parks; and for paying legal, fiscal, architectural and engineering fees in connection with these projects. The City proposes to provide for the payment of such Certificates of Obligation from the levy and collection of ad valorem taxes in the City as provided by law, and from limited surplus revenues of the City's Waterworks and Sewer System, remaining after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other requirements in connection with all of the City's revenue bonds or other obligations (now or hereafter outstanding), which are payable from all or any part of the Net Revenues of the City's Waterworks and Sewer System. The City Council intends to consider for passage, at a Special Meeting to be held at 6:00 P.M. on February 22, 2000, an Ordinance authorizing the issuance of Combination Tax and Revenue Certificates of Obligation, Series 2000, in the City Council Meeting Room at the City Hall, Paris, Texas. Charles Neely, Mayor . "