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10 - Resolution-Approving Addendum to Tax Abatement Agreement dated February 25, 2017 with Campbell Soup
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10 - Resolution-Approving Addendum to Tax Abatement Agreement dated February 25, 2017 with Campbell Soup
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10/19/2017 3:03:15 PM
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10/19/2017 2:43:35 PM
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AGENDA
Item Number
10
AGENDA - Date
10/23/2017
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White Space 11 <br />Single Serve Juice — Aiurniinum Can <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS <br />The City of Paris, Texas, has executed and delivered a Tax Abatement Agreement (the <br />"Agreement"} dated February 25, 2013, with CAMPBELL SOUP SUPPLY COMPANY LLC, a <br />limited liability company (the "Company'), for certain improvements and other equipment (the <br />"Improvements') to be installed at the Company's plant located in Paris, Lamar County, Texas, <br />as described in the Agreement, which plant is located within an ENTERPRISE ZONE <br />established by the United States Census in 2010. <br />The Company has complied with all of the terms of the Agreement, and the City of Paris <br />herein verifies that the Improvements agreed to be built, installed and used have in fact been <br />completed as provided for in the Agreement. <br />NOW THEREFORE, the City of Paris authorizes that the Property of the Company, as <br />described in the Agreement and in Exhibits A and B attached to the Agreement, shall receive a <br />tax abatement of 100% of the taxes assessed upon the increased value of the Improvements so <br />installed, over the value in which the property was last determined as of January 1, 2013, for a <br />duration of seven () years, with the tax abatement for the improvements beginning January I, <br />2014. <br />APPROVED this clay of , <br />FINVOIlig <br />APPROVED AS TO FORM: <br />
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