Laserfiche WebLink
853 <br /> <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, Jay Guest, duly authorized, hereinafter called PEDC, and HYDRO- <br />CONDUIT, A DIVISION OF RINKER, acting by and through its General Manager, Jeffrey <br />Irvine, duly authorized, hereinafter called HYDRO-CONDUIT, do hereby contract and agree as <br />follows: <br /> <br /> 1. HYDRO-CONDUIT agrees to construct an 8" water line to connect and serve its <br /> existing facility located at 1545 Church Street, Paris, Texas. <br /> <br /> 2. PEDC agrees to provide a cash grant of $5,000.00 upon the completion of such <br /> water line. <br /> <br /> 3. In the event that HYDRO-CONDUIT fails to complete construction of the water <br /> line, PEDC shall not be obligated to provide the grant provided herein. <br /> <br /> EXECUTED on this 18th day of December, 2002. <br /> <br /> PARIS ECONOMIC DEVELOPMENT <br /> CORPORATION <br /> <br /> By: <br /> Jay Guest, President <br /> <br /> ATTEST: <br /> <br /> Curtis Fendley, Secretary-Treasurer <br /> <br /> APPROVED AS TO FORM: <br /> <br /> Larry W. Schenk, City Attorney <br /> <br /> Page 1 of 2 <br /> <br /> EXHIBIT <br /> <br /> <br />