1997-022-RES WHEREAS, CITY COUNCIL DID AT ITS REGULAR SEPTEMBER 9, 1996 MEETING IN ORD NO

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Form 8038-GC Information Return for Small Tax-LAempt Governmental Bond Issues, Leases, and Installment Sales (Rev. Mav 1995) OMa No. 1545-0720 Department of the Treuury Internal Revenue service ~.:~mit::.I\;~:::::: Reporting Authority 1 ssuer s name . Under Internal Revenue Code section 149(e) . For calendar year ending 19 (Use Form 8038-G H the Issue price of the Issue Is $100,000 or more.) - Check box H Amended Return · [] 2 Issuer s emp oyer CIty d Paris 3 Number,and street (or P.O. box H mail is not delivered to street address) 5 Issue price of small tax-exempt governmental obligations reported on this form. 6 Check the box that most nearly approximates the weighted average maturity of the obllgatlon(s): a [x] Less than 5 years b [] From 5 to 10 years c [] More than 10 years 135 First Street S.E. 4 Paris, 1X 75461..fJ.Yjf " ,fprii+il' 'J:::::::: Description d Obi' atIons · ~, .:i1::;.;:fflI::::::::::: 19 ~ 75 6000635 Room/Suite 5 $32.950.00 7 Check the box that most nearly approximates the weighted average Interest rate on the obllgatlons(s): a [] Less than 5% b [x] From 5% to 10% c [] More than 10% 8 Total Issue price of the obllgatlon(s) reported on line 5 that Is/are: a Obllgation(s) Issued In the form of a lease or Installment sale b Obllgatlon(s) designated by the Issuer under section 265 (b) (3) (B) (Q (iiQ c Obllgatlon(s) Issued to refund prior Issues d Loans made from the proceeds of another tax-exempt obligation 9 Check box H Issuer has elected to pay a penalty In lieu of arbitrage rebate 8a $32.950.00 8b 8c .(). 8d .(). [ ] Under pena~les of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct and complete. PLEASE SIGN HERE Date: 3/10/97 Issuer's authorized representative: Michael E. Malone. City Manager Paperwork Reduction Act Notice We ask for the Information on this form to carry out the Internal Revenue laws of the Unhed States. You are required to give us the Information. We need ~ to ensure that you are complying w~h these laws. The time needed to complete and file this form varies depending on Individual circumstances. The estimated average time Is: Leamlngaboutthe 11M or the form . . . 1 hr., 46 min. Preparing the form 2 hr., 50 min. Copying, 8888mbling, and sending the form to the IRS . . 16 min. K you have comments concemlng the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. You can wr~e to the Internal Revenue Service, Attention: Tax Forms Committee, PC:FP, Washington, DC 20224. DO NOT send the form to this address. Instead, see Where To File on page 2. General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Purpose of Form Form 8038-GC is used by Issuers of tax- exempt governmental obligations to provide the IRS with the Information required by section 149(e) and to monitor the requirements of sections 141 through 150. Who Must File Issuers of tax-exempt governmental obligations with Issue prices of less than $100,000 must file Form 8038-GC. Issuers of a tax-exempt governmental obligation with an Issue price of $100,000 or more must file Form 8038-G, Information Return for Tax-Exempt Governmental Obligations. filing a separate retum.-Issuers have the option to file a separate Form 8038-GC for any tax-exempt governmental obligation with an Issue price of less $100,000. Each such separate return should specify the calendar year In which the Issue was Issued. An Issuer of a tax-exempt bond used to finance construction expendhures must file a separate Form 8038-GC for each Issue to give notice to the IRS that an election was made to pay a penalty In lieu of arbitrage rebate (see line 9 Instructions). filing a consolidated retum. - For all tax-exempt, governmental obligations with Issue prices of less than $100,000 that are not reported on a separate Form 8038-GC, an Issuer must file a consolidated Information return Including all such Issues Issued within the calendar year. Thus, an Issuer may file a separate Form 8038- GC for each of a number of small Issues and report the remainder of small Issues Issued during the calendar year on one consolidated Form 8038-GC. However, a separate Form 8038- GC must be filed to give the IRS notice of the election to pay a penalty In lieu of arbhrage rebate. NXA Form 8Q38-GC (Rev. 5-95)