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Section 5. That the sum of $13,411,680.00 based on the estimated Water and Sewer <br />Budget, is hereby authorized out of utility fund revenues for the payment of operating expenses <br />and capital outlay of Water and Sewer Utility Departments, as hereinafter itemized: <br />WATER: <br />Warehouse <br />Billing & Collecting <br />Water Production <br />Water Distribution <br />Sub-Total <br />SEWER: <br />Sewer Maintenance <br />Waste Water Treatment <br />Lift Station <br />Sub-Total <br />MERIT RAISES <br />Total Operating Expense <br />$ <br />$ <br />$ <br />$ <br />$ <br />$ <br />114,596.00 <br />2,158,092.00 <br />3,030,817.00 <br />2,173,167.00 <br />1,589,652.00 <br />2,195,229.00 <br />442,067.00 <br />REVENUE BOND REQUIREMENTS FOR DEBT SERVICE: <br />$ 7,476,672.00 <br />$ 4,226,948.00 <br />$13,165.00 <br />$11,716,785.00 <br />G.O. Refunding Bonds 2003 $ 426,825.00 <br />G.O. Refunding Bonds 2010 $ 1,167,735.00 <br />TWDB Loan $ 100,335.00 <br />Total Bond Requirements $ 1,694,895.00 <br />Grand Total <br />$13,411,680.00 <br />Section 6. That the sum of $1,694,895.00 is hereby appropriated out of the Water and <br />Sewer Interest & Sinking Funds for the purpose of paying accrued interest and making the <br />principal payments as the same mature on the Water and Sewer Revenue Bonds, and creatingthe <br />prescribed contingent and reserve fund therefore. <br />Section 7. That the sum of $1,780,353.00 is hereby authorized out of the Economic <br />Development Fund for payment of operating expenses and capital outlay for the Paris Economic <br />Development Corporation, as hereinafter itemized: <br />ECONOMIC DEVELOPMENT FUND: <br />Economic Development $ <br />Total <br />1,780,353.00 <br />4 <br />$ 1,780,353.00 <br />