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CITY OF PARIS, TEXAS <br />NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND SURPLUS REVENUE <br />CERTIFICATES OF OBLIGATION <br />The City of Paris does hereby give notice of intention to issue one or more series of Combination <br />Tax and Surplus Revenue Certificates of Obligation, in the maximum principal amount not to <br />exceed $2,900,000, for paying all or a portion of the City's contractual obligations incurred to <br />provide funds to pay costs of improving the City's potable water distribution system, to-wit: <br />water line replacements for the City's potable water distribution system and to pay legal, fiscal, <br />engineering and architectural fees in connection with such project. The City proposes to adopt <br />an ordinance that will provide for the Certificates of Obligation to be secured by a pledge of <br />funds received from the levy and collection of ad valorem taxes in the City, as provided by law, <br />and from a pledge of the surplus net revenues of the City's water and sewer system (the <br />"System") that remain after payment of all operation and maintenance expenses thereof, and after <br />all debt service, reserve, and other requirements in connection with all revenue bonds or other <br />obligations (now or hereafter outstanding) of the City have been met, to the extent that such <br />obligations are payable from all or any part of the net revenues of the System. The City Council <br />intends to consider for passage at a meeting to be held at 5:30 P.M. on January 14, 2013, at the <br />Paris City Hall, 135 lst Street SE, Paris, Texas, an ordinance authorizing the issuance of <br />Combination Tax and Surplus Revenue Certificates of Obligation. <br />CITY OF PARIS, TEXAS <br />: <br />'7 3 <br />A.J. Hashmi, M.D, Mayor <br />