2016-025 - Approving a Tax Abatement Agreement with Potters Industries, LLC

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(b) Detailed description of the IMPROVEMENTS; (c) A detailed description of any miscellaneous items of office equipment and the actual cost of such added office equipment; (d) A copy of or identification of plans and specifications of constructed improvements and the location of the same for inspection by CITY'S certification team; (e) A detailed list of and the actual cost of added machinery and equipment; (f) The actual cost of capital IMPROVEMENTS; and, (g) The date of substantial completion of the IMPROVEMENTS as defined in Section 3.1 hereof. 11.2 The OWNER further agrees that it will provide CITY with an annual, sworn report which shall certify, in writing, that it is in compliance with each applicable term of this AGREEMENT. Such annual report shall be furnished on the forms provided by the City and shall verify that OWNER has retained the minimum number of full -time equivalent employees at the facilities on the PROPERTY and that the IMPROVEMENTS the subject of this AGREEMENT remain on the PROPERTY and remain in operation. OWNER shall submit said annual reports by February 1St of each year during the term of this AGREEMENT. 11.3 In addition to the annual report required under Section 11.2 hereof, the OWNER further agrees that it will provide CITY a copy of its Texas Workforce Commission Employer's Quarterly Report within thirty (30) days of its filing of the same with the Texas Workforce Commission. 11.4 The reporting requirements and deadlines therefor set forth herein are an integral and material part of this AGREEMENT, and OWNER acknowledges that failure to timely submit any report or sworn statement required herein is a breach and default of this AGREEMENT as set forth hereinabove. OWNER further agrees to timely submit said reports and/or sworn statements without prompting by the CITY. 11.5 Owner shall submit the initial and annual compliance reports required to be made in this section via certified mail, return receipt requested, to: City of Paris c/o Office of the City Attorney P.O. Box 9037 Paris, Texas 75461 -9037 Alternatively, said reports may be made via hand delivery to the Office of the City Attorney at 125 S.E. 1 st St., Paris, Texas 75460.