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f~ <br />sw~ , S <br />GROUP <br />Build.ing wha.t you ualue. <br />CITY OF PARIS, TEXAS <br />NEGOTIATED BOND SALE <br />January 25, 2010 <br />$17,075,000 GENERAL OBLIGATION REFUNDING BONDS <br />SERIES 2010 <br />SUMMARY OF FINANCING <br />1. Underwriters' Proposal to Buy Refunding Bonds at a Net Interest Cost (NIC) of 2.53% <br />Proposal conditions: <br />a. Average life of issue - 4.39 years (2010 through 2020) <br />b. Bonds are optional for early redemption on June 15, 2018 at par plus accrued interest. <br />c. Bonds are "Bank Qualified" ("QTEO"). <br />d. Bonds are sold at negotiated sale with First Southwest Company and Morgan Keegan & Co. as <br />Underwriters. <br />Incentives and Assurances (to Issue Refunding Bonds) <br />a. Actual net debt service savings of $1,993,902 with a Present Value of $1,769,194 after all expenses, <br />which is 11.58% and 10.27%, respectively, of the refunded bonds. <br />b. Repayment period on Bonds remains the same (unchanged). <br />c. All of the Bonds are being currently refunded with the exception of the Waterworks and Sewer System <br />Revenue Bonds, Series 2000, which are refunded in "advance" of their optional redemption date as <br />follows: <br />$6,565,000 to be redeemed June 15, 2010. <br />2. Bond Rating of "AAA" (Negative Outlook) (S&P) and "Aa3" (Negative Outlook) (Moody's) by Means of <br />Assured Guaranty Municipal Corp. Bond Insurance <br />Underlyin4 RatinQs <br />Moody's "A2" (Affirmed) <br />S&P "A+" (Initial Rating) <br />3. Qualified for "AAA" Bond Insurance <br />Assured Guaranty Municipal Corp. -$97,340 ($5.70 per 1,000) <br />4. Bond Market Conditions <br />Bond Buyer Index (as of 01-22-10) 4.30% <br />Bond Buyer Index (previous week) 4.31 % <br />5. Certification by the Financial Advisor that the proposal from the Underwriter is consistent with <br />existing market conditions and a recommendation that the proposal be accepted <br />Exhibit "A" <br />