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<br />
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<br />
<br /> CONTINUING DISCLOSURE INFORMATION FOR THE
<br /> CITY OF PARIS, TEXAS
<br />
<br /> ASSESSED VALUATION TABLE CD-1
<br />
<br /> 2009-2010 Actual Market Value of T able Property (100% of Actual)(') $ 2,069,522,629
<br /> Less Exemptions:
<br /> Local, Optional Over-65 and/or Disabled Homestead Exemptions $47,114,166
<br /> Disabled and Deceased Veterans' Exemptions 4,966,623
<br /> Productivity Loss 24,284,890
<br /> Partially Exempt Property 120,375
<br /> Freeport 118,200,154
<br /> Pollution Control / Solar 50,342,085
<br /> Abatement Loss 50,841,460
<br /> Cap Loss (10%) 9,632,562
<br /> Historical / Other 29,220
<br /> Totally Exempt Property 259,234,720 564,766,255
<br /> 2009-2010 Net Taxable Assessed Val ation 1,504,756,374
<br /> Frozen Taxable Value Loss 99,462,339 N
<br /> Freeze Adjusted Net Taxable Assessed Valuation $ 1,405,294,035
<br /> See "AD VALOREM TAX PROCEDU S" and "CITYAPPLICATION OF THE PROPERTY TAX CODE" in the
<br /> Official Statement for a description the Issuer's taxation procedures.
<br /> rol The City adopted the tax freeze for per ons 65 vears ofa¢e or old on November 4, 2008. The 2008 Tax Year values
<br /> will be used as the "Base Values" an the first freeze loss will occur in the 2009 Tax Year.
<br /> Source: Lamar County Appraisal District
<br /> GENERAL OBLIGATION BO ED DEBT PRINCIPAL TABLE CD-2
<br />
<br /> General Obligation Debt Principal utstanding: (As of February 1, 2010)
<br /> Combination Tax and Revenue C rtificates of Obligation, Series 2002 $ 4,280,000
<br /> General Obligation Refunding Bonds, Series 2003 3,420,000
<br /> General Obligation Refunding Bonds, Series 2010 17,075,000 W
<br /> Total Gross General Obligation Debt Principal Outstanding: 24,775,000 (8)
<br /> Current Issue General Obligation Debt Principal
<br /> Combination Tax and Revenue C rtificates of Obligation, Series 2010 (the "Certificates") 3,005,000
<br /> (Scheduled to be delivered April 8, 2010)
<br /> Total Gross General Obligation Debt Principal Outstanding Following the Issuance of the Bonds: 27,780,000
<br /> Less: Self-Supporting General Obligation Debt Principal
<br /> General Obligation Refunding B nds, Series 2003 (52.00%) $ 1,778,400
<br /> General Obligation Refunding B nds, Series 2010 (77.38%) 13,212,635
<br /> Total Self-Supporting General Obligat on Debt Outstanding Following the Issuance of the Bonds: $ 14,991,035
<br /> Total Net General Obligation Debt Pri cipal Outstanding Following the Issuance of the Bonds: $ 12,788,965
<br /> General Obligation Interest and Sinking Fund Balance as of September 30, 2009 (Unaudited) $ 1,016,080
<br /> Ratio of Gross General Obligation De Principal to 2009-2010 Net Taxable Assessed Valuation 1.98%
<br /> Ratio of Net General Obligation Debt Principal to 2009-2010 Net Taxable Assessed Valuation 0.91%
<br /> 2009-2010 Freeze Adjusted Net Taxable Assessed Valuation $ 1,405,294,035
<br /> Population: 1980 - 25,498; 1990 - 24,699; 2000 - 25,898 Current (Estimate) 26,972
<br /> Per Capita 2009-2 10 Net Taxable Assessed Valuation $ 52,102
<br /> Per Capita Gross General Obligation Debt Principal $ 1,030
<br /> Per Capita Net General Obligation Debt Principal $ 474
<br /> °i Includes principal amount of $10, 750, 00 that was orizinal1v issued as water and sewer svstem revenue bonds and were
<br /> were refunded as general obligation bonds from proceeds of the Series 2010 GO Refunding Bonds.
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