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571
<br /> INCENTIVE AGREEMENT
<br />
<br /> STATE OF TEXAS ) -
<br /> ) KNOW ALL MEN BY THESE PRESENTS:
<br /> COUNTY OF LAMAR )
<br />
<br /> THAT, the PARIS ECONOMIC DEVELOPMENT CORPORATION, acting by and
<br /> through its President, Michael R. Rhodes, duly authorized, hereinafter called PEDC, and TCIM
<br /> SERVICES, INC., acting by and through its Executive Vice-President, Lee Rattigan, duly
<br /> authorized, hereinafter called TCIM, do hereby contract and agree as follows:
<br />
<br /> WlTNESSETH:
<br />
<br /> WHEREAS, PEDC, an Economic Development Corporation organized ~mder the Texas
<br /> Development Corporation Act of 1979, Article 5190.6 of Vernon's Texas Civil Statutes, exists for
<br /> the purpose of encouraging and assisting qualified service and manufacturing entities in the creation
<br /> of jobs in the Paris, Texas, area; and,
<br />
<br /> WHEREAS, TCIM plans to operate a call center facility at Paris, Texas, hereinafter referred
<br />to as the "Facility," and intends to employ a minimum of two hundred (200) new, permanent
<br />employees over the next sixty (60) months, and to invest a minimum of one million six hundred fifty
<br />thousand dollars ($1,650,000.00) on renovations of a building and furniture and equipment at the
<br />Paris location; and,
<br />
<br /> WHEREAS, TCIM has requested that PEDC provide a grant for the creation of such new,
<br />permanent jobs; and,
<br />
<br /> WHEREAS, the new jobs and investment by TCIM in Paris, Texas, will encourage economic
<br />development in Paris, Texas, and PEDC is willing to grant two thousand five hundred dollars
<br />($2,500.00) per full-time equivalency job, up to a maximum of five hundred thousand dollars
<br />($500,000.00), pursuant to the terms and conditions of this Agreement for the creation of new jobs
<br />and investment in equipment; and,
<br />
<br /> WHEREAS, the Board of Directors of PEDC has determined that it is in the best interest of
<br />Paris, Texas, that financial incentives be offered to TCLM in order to encourage it to locate its
<br />business in Paris, Texas, and to create jobs in Paris, Texas;
<br />
<br /> NOW, THEREFORE, for and in consideration of the covenants, promises, and conditions
<br />hereinafter contained, PEDC and TCIM agree as follows:
<br />
<br /> A. TCIM.agrees to make improvements to the Facility in Paris, Texas, located at 3050
<br /> Clarksville Street, Paris, Texas, as follows: a minimum of $200,000.00 in tenant
<br />
<br /> EXHIBIT A
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