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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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AGENDA
Item Number
10
AGENDA - Date
10/23/2017
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The CITY and OWNER hereto do mutually contract and agree to modify the <br />AGREEMENT as follows: <br />A. Section V, "Consideration (Jobs)" is hereby amended in its entirety to read as <br />follows: <br />"V. <br />Consideration <br />(Jobs) <br />"5.1 OWNER agrees that it will employ forty-one (41) full-time employees to operate <br />the new line of business described above to be conducted at the PROPERTY, provided, however, <br />that this number of employees may vary one way or another by a few employees as this <br />PROJECT nears the commencement of its operations. <br />"5.2 OWNER agrees to retain sufficient employment levels to efficiently operate <br />and support its plant operations during the term of this Tax Abatement Agreement." <br />B. All other terms in the original AGREEMENT dated February 25, 2013 remain <br />unaltered by this ADDENDUM, and remain in full force in effect as if fully set forth herein. <br />WITNESS our hands this day of , 2017. <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />Stephanie H. Harris, City Attorney <br />THE CITY OF PARIS, TEXAS <br />IM <br />Steven J. Clifford, M. D., Mayor <br />CAMPBELL SOUP SUPPLY COMPANY LLC <br />A Texas Limited Liability Company <br />Richard J. Landers, Vice President <br />Tax & Real Estate <br />2 <br />
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