2017-021 - Addendum to Tax Abatement Agreement with JS Baking, LLC

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RESOLUTION NO. 2017 -021 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, APPROVING AN ADDENDUM TO TAX ABATEMENT AGREEMENT BETWEEN THE CITY OF PARIS, TEXAS AND JS BAKING, LLC, MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, on April 22, 2013, the City Council of the City of Paris, Texas by Resolution 2013 -016, approved and authorized a Tax Abatement Agreement with JS Baking, LLC,; and WHEREAS, the effective date of the Tax Abatement Agreement is April 22, 2013 through December 31, 2023; and WHEREAS, said Agreement relates to Property owned by JS Skinner within the City of Paris, which Property is located within an Enterprise Zone as set forth in the Agreement; and WHEREAS, the Texas Local Government Code Sec. 312.208 and tax abatement guidelines in effect in 2013 and on the date of the approval of this Resolution allow for modifications of a tax abatement agreement during the term of said agreement; and WHEREAS, due to unanticipated set -backs at Owner's plant in Paris, Lamar County, Texas ( "the Property "), Owner has requested certain modifications to the Agreement in the form of an Addendum to Tax Abatement (attached hereto as EXHIBIT "1" and incorporated herein by reference) relating to the number of employees Owner is required to maintain at the Property during the agreement and total dollar amount of capital improvements Owner is required to make to the Property; and WHEREAS, the City has agreed to said modifications of the Agreement because said modifications are consistent with encouraging development of said Enterprise Zone in accordance with the purposes for which it was created and are in compliance with the CITY's policy on tax abatements and the ordinance creating such Enterprise Zone adopted by the CITY and all applicable laws; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS: Section 1. That the findings set out in the preamble of this resolution are hereby in all things approved. Section 2. That the terms and conditions of the Addendum to Tax Abatement Agreement attached hereto as EXHIBIT "1" between the City and JS Baking, LLC, having been reviewed by the City Council of the City of Paris and found to be acceptable and in the best interests of the City of Paris and its citizens, be and the same are hereby, in all things