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A. Section I1I, "Improvements," is hereby amended to read in its entirety as follows: <br />III. <br />Improvements <br />3.1 The installation of the IMPROVEMENTS will require engineering, design and <br />construction work to prepare the site within OWNER'S building where the new equipment will <br />be located, and the procurement of equipment, infrastructure and utilities modifications and <br />electrical and mechanical installation. The IMPROVEMENTS are being made to enable the <br />OWNER to manufacture bakery products such as various pastries, Danish and coffee cake <br />categories at the PROPERTY. The IMPROVEMENTS to be constructed and otherwise added <br />and implemented at OWNER'S PROPERTY are described as follows: <br />A. To the real property and existing building of OWNER on the PROPERTY, <br />building modifications to support proper operation, sanitation and installation of <br />the new equipment and production lines to manufacture OWNER'S baking <br />products. These modifications include updated utilities, floor, wall, and ceiling <br />changes and finishes, as well as some structural improvements to the building to <br />support static, live and dynamic equipment loading. <br />B. Within the existing building of OWNER, it is planned by OWNER to establish a <br />sweet dough production line, a croissant production line, a fruit filling production <br />line, a frozen dough production line, a pound cake production line, a snack cake <br />production line, a clam shell production line, a muffin production line, and <br />ongoing capital improvements to the various production lines, equipment and <br />facilities in the building. <br />A total of $15,617,000.00 will be spent by OWNER in making these <br />IPROVEMENTS to the PROPERTY during the term of this tax abatement <br />agreement. <br />All such IMPROVEMENTS will be described in the CITY'S Certificate of Completion prepared <br />after the completion and installation of the above described building modifications and <br />improvements, personal property, machinery and equipment. The description shall be furnished <br />by OWNER to CITY in OWNER'S sworn report described in Section 11. 1, below and attached <br />to CITY'S Certificate of Completion, "Ihe description shall also be filed with the Chief Appraiser <br />of the Lamar County Appraisal District. Said Certificate shall be duly executed by the Mayor of <br />the City of Paris in the form attached hereto as Exhibit C. The IMPROVEMENTS will be at a <br />cost equal to or in excess of $15,617,000.00 for the capital cost and installation of the building <br />modifications, machinery, equipment and production lines. Site preparation shall occur during <br />April, 2013, immediately after this Agreement is executed and approved by the CITY; <br />installation shall commence in May, 2013; and production is expected to commence as soon as <br />possible thereafter during the year, 2013. OWNER contemplates that all such <br />IMPROVEMENTS shall be completed by the end of the year, 2017; provided, that OWNER <br />shall have such additional time to complete the IMPROVEMENTS as may be required in the <br />event of "force maieure" if OWNFR is rliNaantlu anti _r <br />2 <br />