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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2023 <br />IV. Detailed Notes on All mActivities _and Funds (Continued) <br />S. Subsequent Events <br />Subsequent events have been evaluated through December 19, 2024 the date the financial statements <br />were available to be issued. <br />In November 2023, the City approved a construction contract in the amount of $588,000 for demolition of <br />City property. <br />In December 2023, the City approved a contract in the amount of $237,769 for asbestos removal. In <br />addition, the City also approved a construction project in the amount of $507,937 related to water line <br />construction. <br />In April 2024, the City issued $42,790,000 Combination Tax and Surplus Revenue Certificates of <br />Obligation, Series 2024 for the purpose of acquiring, constructing, installing and equipping additions, <br />improvements and extensions to the City's waterworks and sewer system. The interest rate is payable <br />semi-annually at rates ranging from 4.0% to 5.0%, with the final payment due on June 15, 2054. <br />In April 2024, the City approved a construction contract in the amount of $39,988,500, for Phase 2 <br />construction of the Wastewater Treatment Plant Project. In addition, the City approved a professional services <br />agreement for $461,250 in relation to the same project. <br />In May 2024, the City approved a construction contract in the amount of $547,840, for the construction of <br />eight pickleball courts. <br />77 <br />