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CONTINUING DISCLOSURE INFORMATION FOR THE
<br />CITY OF PARIS, TEXAS
<br />ASSESSED VALUATION
<br />TABLE 1
<br />2011-2012 Actual Market Value of Taxable Property (100% of Actual)(')
<br />$ 2,053,139,804
<br />Less Exemptions:
<br />Local, Optional Over-65 and/or Disabled Homestead Exemptions
<br />$39,531,707
<br />Disabled and Deceased Veterans' Exemptions
<br />11,277,769
<br />Productivity Loss
<br />24,375,305
<br />Partially Exempt Property
<br />109,081
<br />Freeport
<br />106,826,843
<br />Pollution Control / Solar
<br />45,725,145
<br />Abatement Loss
<br />85,671,620
<br />Cap Loss (10%)
<br />2,633,517
<br />Historical /Other
<br />589,460
<br />Totally Exempt Property
<br />274,571,620
<br />591,312,067
<br />2011-2012 Net Taxable Assessed Valuation
<br />1,461,827,737
<br />Less Frozen Taxable Value Loss
<br />102,841,264 N
<br />Freeze Adjusted Net Taxable Assessed Valuation
<br />$ 1,358,986,473
<br />See 'AD VALOREM TAX PROCEDURES" and "CITYAPPLICATION OF THE PROPERTY TAX CODE" in the
<br />Official Statement for a description of the Issuer's taxation procedures.
<br />(N The City adopted the tax,freeze.for persons 65 years ofage or old on November 4, 2008.
<br />The 2008 Tax Year
<br />values will be used as the "Base Values" and the first freeze loss occurred in the 2009 Tax Year.
<br />Source: Lamar County Appraisal District
<br />GENERAL OBLIGATION BONDED DEBT PRINCIPAL
<br />TABLE 2
<br />General Obligation Debt Principal Outstanding: (As of September 30, 2011)
<br />Combination Tax and Revenue Certificates of Obligation, Series 2002
<br />$ 4,015,000
<br />General Obligation Refunding Bonds, Series 2003
<br />2,710,000
<br />General Obligation Refunding Bonds, Series 2010
<br />13,355,000°1
<br />Combination Tax and Revenue Certificates of Obligation, Series 2010
<br />3,005,000
<br />Total Gross General Obligation Debt Principal Outstanding
<br />23,085,000 te1
<br />Less: Self-Supporting General Obligation Debt Principal
<br />General Obligation Refunding Bonds, Series 2003 (52.00%) 1,409,200
<br />General Obligation Refunding Bonds, Series 2010
<br />(Excludes that portion of the 2010 Refunded Obligations (Series 2000 COs) used 100% for Gen Fund purposes) 9,845,000
<br />Total Self-Supporting General Obligation Debt Outstanding Following the Issuance of the Bonds 11,254,200
<br />Total Net General Obligation Debt Principal Outstanding Following the Issuance of the Bonds $ 11,830,800
<br />General Obligation Interest and Sinking Fund Balance as of September 30, 2011 $ 2,082,005
<br />Ratio of Gross General Obligation Debt Principal to 2011-2012 Freeze Adjusted Net Taxable Assessed Valuation 1.70%
<br />Ratio of Net General Obligation Debt Principal to 2011-2012 Freeze Adjusted Net Taxable Assessed Valuation 0.87%
<br />2011-2012 Freeze Adjusted Net Taxable Assessed Valuation $ 1,358,986,473
<br />Population: 1980 - 25,498; 1990 - 24,699; 2000 - 25,898 Current (Estimate) 25,337
<br />Per Capita 2011-2012 Freeze Adjusted Net Taxable Assessed Valuation $ 53,636
<br />Per Capita Gross General Obligation Debt Principal $ 911
<br />Per Capita Net General Obligation Debt Principal $ 467
<br />Includes principal amount of $10, 750, 000 that was originally issued as water and sewer system revenue bonds and were
<br />refunded as general obligation bonds from proceeds of the Series 2010 GO Refunding Bonds.
<br />105
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