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CITY OF PARIS, TEXAS <br />NOTICE OF INTENTION TO ISSUE COMBINATION TAX AND LIMITED PLEDGE <br />SURPLUS REVENUE CERTIFICATES OF OBLIGATION <br />The City of Paris, Texas does hereby give notice of intention to issue one or more series of <br />Combination Tax and Limited Pledge Surplus Revenue Certificates of Obligation, in the <br />maximum principal amount not to exceed $2,500,000, for paying all or a portion of the City's <br />contractual obligations incurred in connection with (1) constructing, acquiring and installing <br />storm water drainage and flood control improvements, including dredging, channel <br />improvements and related infrastructure and utility relocation, and the acquisition of land and <br />interests in land necessary for said improvements, (2) designing, constructing, improving and <br />equipping parks, trails and recreational facilities, and the acquisition of park equipment and land <br />and interests in land for such purposes and (3) paying legal, regulatory, fiscal, engineering and <br />architectural costs in connection with such projects. The City proposes to adopt an ordinance <br />that will provide for the Certificates of Obligation to be secured by a pledge of funds received <br />from the levy and collection of ad valorem taxes in the City, as provided by law, and from a <br />limited pledge (not to exceed $1,000) of the surplus net revenues of the City's water and sewer <br />system (the "System ") that remain after payment of all operation and maintenance expenses <br />thereof, and after all debt service, reserve, and other requirements in connection with all revenue <br />bonds or other obligations (now or hereafter outstanding) of the City have been met, to the extent <br />that such obligations are payable from all or any part of the net revenues of the System. The City <br />Council intends to consider for passage at a meeting to be held at 5:30 P.M. on September 14, <br />2015, at the Paris City Council Chamber located at 107 East Kaufman Street in Paris, Texas, an <br />ordinance authorizing the issuance of Combination Tax and Revenue Certificates of Obligation. <br />CITY OF PARIS, TEXAS <br />By: <br />A.J. Hashmi, M.D., Mayor <br />