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CITY OF PARIS, TEXAS <br />NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND REVENUE <br />CERTIFICATES OF OBLIGATION <br />The City of Paris does hereby give notice of intention to issue one or more series of Combination Tax and <br />Revenue Certificates of Obligation, in the maximum principal amount not to exceed $3,005,000, for paying <br />all or a portion of the City's contractual obligations incurred in connection with improving and expanding <br />South Collegiate Drive and making improvements to the frontage access for South Collegiate Drive and <br />paying legal, fiscal, engineering and architectural fees in connection with such project. The City proposes <br />to adopt an ordinance that will provide for the Certificates of Obligation to be secured by a pledge of funds <br />received from the levy and collection of ad valorem taxes in the City, as provided by law, and from a pledge <br />of the surplus net revenues of the City's water and sewer system (the "System") that remain after payment of <br />all operation and maintenance expenses thereof, and after all debt service, reserve, and other requirements <br />in connection with all revenue bonds or other obligations (now or hereafter outstanding) of the City have been <br />met, to the extent that such obligations are payable from all or any part of the net revenues of the System. <br />The City Council intends to consider for passage at a meeting to be held at 5:30 P.M. on March 8, 2010, at <br />the Paris City Hall, 135 1 st Street SE, Paris, Texas, an ordinance authorizing the issuance of Combination <br />Tax and Revenue Certificates of Obligation. <br />CITY OF PARIS, TEXAS <br />By: Jesse James Freelen. Mayor <br />EXHIBIT -L <br />ri <br />