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.. <br />5. that the TWDB has approved a regional water plan for the region of the state that .� <br />includes the area benefiting from the project and the needs to be addressed by the project <br />will be addressed in a manner that is consistent with the approved regional and state <br />water plans, as required by Texas Water Code § 16.053(j); and <br />6. that the TWDB has made a timely and concerted ef�ort to solicit projects that address <br />green infrastructure, water, or energy efficiency improvements and other environmentally <br />innovative activities and has added such projects to the pertinent Intended Use Plan. <br />NOW, THEREFORE, based on these considerations and findings, the Texas Water <br />Development Board resolves as follows: <br />A commitrnent is made by the TWDB to the City of Paris for financial assistance in the <br />amount of $3,400,778 from the Drinking Water State Revolving Fund through the <br />TWDB's purchase of $2,900,000 City of Paris, Texas Combination Tax and Surplus <br />Revenue Certificates of Obligation, Proposed Series 2013 and the execution of a Loan <br />Forgiveness Agreement in the amount of $500,778. This commitment will expire on <br />September 30, 2013. <br />Such commitrnent is conditioned as follows: <br />Standard Conditions <br />this commitment is contingent on a future sale of bonds by the TWDB or on the <br />availability of funds on hand; <br />2. this commitment is contingent upon the issuance of a written appmving opinion of the <br />Attomey General of the State of Texas stating that all of the requirements of the laws <br />under which said Obligations were issued have been complied with; that said Obligations <br />were issued in conformity with the Constitution and laws of the State of Texas; and that <br />said Obligadons are valid and binding obligations of the City; <br />3. this commitment is contingent upon the City's compliance with all applicable <br />requirements contained in the rules, regulations and policies of the TWDB; <br />4. the Obligations must provide that the Obligations can be called for early redemption only <br />in inverse order of maturity, and on any date beginning on or after the first interest <br />payment date which is 10 years from the dated date of the Obligations, at a redemption <br />price of par, together with accrued interest to the date fixed for redemption; <br />5. the City, or an obligated person for whom financial or operating data is presented to the <br />TWDB in the application for financial assistance either individually or in combination <br />with other issuers of the City's Obligations or obligated persons, will, at a minimum, <br />covenant to comply with requirements for continuing disclosure on an ongoing basis "4'� <br />substantially in the manner required by Securities and Exchange Commission ("SEC") � <br />Rule 15c2-12 and determined as if the TWDB were a Participating Underwriter within <br />the meaning of such rule, such continuing disclosure undertaking being for the benefit of <br />2 <br />Exhibit A, Page 3 of 10 <br />