13 - TAX ABATEMENT AGREEMENT FOR POTTERS INDUSTRIES, LLC

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THE STATE OF TEXAS COUNTY OF LAMAR TAX ABATEMENT AGREEMENT This AGREEMENT (herein so called) is entered into by and between the CITY OF PARIS, TEXAS, a municipal corporation, situated in Lamar County, Texas, acting by and through its duly authorized officer whose signature appears below (hereinafter called "CITY "), and POTTERS INDUSTRIES, LLC, a Delaware limited liability company ( "OWNER "). WITNESSETH: WHEREAS, OWNER is the owner or lessee of the land described herein (the "PROPERTY"); and WHEREAS, OWNER shall own or lease the buildings and manufacturing equipment to be installed within such buildings on the PROPERTY located at 1601 191' St. NW, Paris, Texas 75460 (collectively referred to as the `IMPROVEMENTS ") with respect to which taxes will be abated under this AGREEMENT, and OWNER shall be responsible for paying the ad valorem property taxes assessed against the PROPERTY and the IMPROVEMENTS; and WHEREAS, the City Council of the City of Paris, Texas, did heretofore, on the 11th day of January, 2016, in Resolution No. 2016 -003, reaffirm its election to be eligible to participate in tax abatement agreements authorized by the Property Redevelopment and Tax abatement Act, Texas Government Code Chapter 312, et seq. (the Act "), in order to maintain and enhance the commercial and industrial economic and employment base of the Paris area for the long term interest and benefit of the CITY and its citizens; and, WHEREAS, under the Act, the designation of an area as an Enterprise Zone also constitutes designation of the area as a Reinvestment Zone (a "REINVESTMENT ZONE ") within which local ad valorem property taxes may be abated; and pursuant to the 2010 Census, the PROPERTY is included within an Enterprise Zone, as is shown in a document published by the Office of the Governor of the State of Texas in Exhibit A. attached hereto and made a part hereof for all purposes; and WHEREAS, the contemplated uses of the IMPROVEMENTS situated on the PROPERTY are consistent with encouraging development of said REINVESTMENT ZONE in accordance with the purposes for which it was created and are in compliance with the CITY's policy on tax abatement incentives and the ordinance creating such REINVESTMENT ZONE adopted by the CITY and all applicable laws; and WHEREAS, the City Council of the City of Paris did heretofore, on the 11 a' day of January, 2016 in Resolution No. 2016 -003, pass and adopt guidelines and criteria governing tax abatement agreements to be entered into by the CITY as required by Section 312.002 of the Act, as amended (the "GUIDELINES ");