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11 - Resolution Approving Agreement to Terminate Tax Abatement Agreement with Campbell Soup
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11 - Resolution Approving Agreement to Terminate Tax Abatement Agreement with Campbell Soup
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10/19/2017 3:04:22 PM
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10/19/2017 2:44:52 PM
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AGENDA
Item Number
11
AGENDA - Date
10/23/2017
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THE STATE F TEXAS <br />TAX ABATEMENT AGREEMENT <br />agreement4 into by and between the CITY OF rr <br />municipall f 7 fi el in Lamar County, Texas, acting by and through its authofized <br />officer l g#.ture appears below 1 and CAMPBELL <br />SUPPLY <br />r y q <br />ANY7 LLC, acting by and through its authorized officer whose <br />appears : below 4 as " O f <br />WITNESSETH: <br />WHEREAS, the City Council of the City of did heretofore, l day of <br />August, 2012, in Resolution No. 2012-07, elect to be r participate if tax abatement <br />agreements I order l maintain andenhance the commercialand industrW economicand <br />employment base of the Paris area for the long term interest and benefit of the City and its <br />and, <br />f I I <br />F <br />website 11Exhibit attached ` 1fheretoandmadet. part hereof for purposes; and <br />WHEREAS, 1`contemplateduseoftheIMPROVEMENTS,as hereinafterdefined, <br />the amount forthAGREEMENT upon f PROPERTY <br />w it r <br />-1 <br />ther► � and l l I ` 1.� � 1 `:'.1 1,� r w l ..: ♦ l Ll (hereinf f� 1, <br />4 Mune 1F 7: purposes l ii f' 1 are in <br />_, , <br />complian <br />with the CITY's policy on ►, andtheordinance creatingsuch Enterpri <br />Zone adopted 1the CITY andall applicable and <br />f:. <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 13'ffi day o <br />August, 2012 in Resolution pass and adopt appropriateguidelines a cri <br />governing tax abatement agreements to be entered into by the CITY as required by the <br />Redevelopment and Tax Abatement Act, as amended; <br />NOW, fE` 1 <br />The Parties hereto ll mutually contractand agree as follows: <br />
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