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CONTINUING DISCLOSURE INFORMATION FOR
<br />CITY OF PARIS, TEXAS
<br />UNAUDITED
<br />ASSESSED VALUATION
<br />TABLE 1
<br />2020-2021 Actual Market Value of Taxable Property (100% of Actual)
<br />$ 2,801,071,383
<br />Less Exemptions:
<br />7,450,000
<br />Local, Optional Over -65 and/or Disabled Homestead Exemptions
<br />$ 40,632,893
<br />1,000,000
<br />Disabled and Deceased Veterans' Exemptions
<br />10,827,192
<br />38,875,000
<br />Productivity Loss
<br />19,523,280
<br />12,975,000
<br />Personal Use of Business Vehicle
<br />382,630
<br />1,705,284
<br />Freeport
<br />85,531,645
<br />2.93%
<br />Pollution Control / Solar
<br />65,128,932
<br />0.73%
<br />Abatement Loss
<br />187,457,093
<br />1,768,239,382
<br />Cap Loss (10%)
<br />107,587,489
<br />25,450
<br />Historical / Other
<br />17,220,058
<br />69,654
<br />Totally Exempt Property
<br />338,281,483
<br />2,037
<br />Total Exemptions
<br />$
<br />872,572,695
<br />2018-2019 Net Taxable Assessed Valuation
<br />1,928,498,688
<br />Frozen Taxable Value and Transfer Adjustment
<br />(155,792,063)
<br />Freeze Adjusted Net Taxable Assessed Valuation
<br />$ 1,772,706,625
<br />Source: Lamar County Appraisal District and the Issuer.
<br />GENERAL OBLIGATION BONDED DEBT PRINCIPAL
<br />TABLE 2
<br />General Obligation Debt Principal Outstanding: (As of September 30, 2020)
<br />Combination Tax and Revenue Certificates of Obligation, Series 2010
<br />$ 1,895,000
<br />General Obligation Refunding Bonds, Series 2012
<br />800,000
<br />Combination Tax and Revenue Certificates of Obligation, Series 2013 (TWDB)
<br />1,860,000
<br />General Obligation Bonds, Series 2013
<br />28,565,000
<br />General Obligation Bonds, Series 2016
<br />7,450,000
<br />General Obligation Bonds, Series 2017
<br />8,590,000
<br />General Obligation Bonds, Series 2018
<br />1,190,000
<br />Combination Tax and Surplus Revenue Certificates of Obligation, Series 2020
<br />1,500,000
<br />Total Gross General Obligation Debt Principal Outstanding:
<br />51,850,000
<br />Less: Self -Supporting General Obligation Debt Principal
<br />Combination Tax and Revenue Certificates of Obligation, Series 2013 (TWDB) (100% WS)
<br />1,860,000
<br />General Obligation Bonds, Series 2013 (100% WS)
<br />28,565,000
<br />General Obligation Bonds, Series 2016 (100% WS)
<br />7,450,000
<br />General Obligation Bonds, Series 2018 (86% WS)
<br />1,000,000
<br />Total Self -Supporting General Obligation Debt Outstanding Following the Issuance of the Bonds:
<br />38,875,000
<br />Total Net General Obligation Debt Principal Outstanding Following the Issuance of the Bonds:
<br />$
<br />12,975,000
<br />General Obligation Interest and Sinking Fund Balance as of September 30, 2020
<br />$
<br />1,705,284
<br />Ratio of Gross General Obligation Debt Principal to 2019-20 Freeze Adjusted Net Taxable Assessed Valuation
<br />2.93%
<br />Ratio of Net General Obligation Debt Principal to 2019-20 Freeze Adjusted Net Taxable Assessed Valuation
<br />0.73%
<br />2019-20 Freeze Adjusted Net Taxable Assessed Valuation
<br />$
<br />1,768,239,382
<br />Population: 1980 - 25,498; 1990 - 24,699; 2000 - 25,898; 2010 - 25,171 Current (Estimate)
<br />25,450
<br />Per Capita 2019-2020 Freeze Adjusted Net Taxable Assessed Valuation
<br />$
<br />69,654
<br />Per Capita Gross General Obligation Debt Principal
<br />$
<br />2,037
<br />Per Capita Net General Obligation Debt Principal
<br />$
<br />510
<br />114
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