11 - Resolution Approving Agreement to Terminate Tax Abatement Agreement with Campbell Soup

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1.1 The effective date ofthis AGREEMENT is the 250' day of February, 2013, wit, tax abatement beginning with the tax year commencing January 1, 2014, and expiring on December 31, 2020. 11. Area to be Improved 2.1 The PROJECT consists of new building modifications to the real property of the OWNE& and the addition and installation Of equipment and Personal Property described in Article III bel hhU2&.,j:01A6*14Wz�K aj the OWNER'S plant in Paris, Lamar County, Texas. Collectively, all such improvements which are the subject hereof shall be called the "B4PROVEMENTS". 'Me IMPROVEMENTS shall be located upon and within the OWNER'S current facilities consisting of the OWNER'S land also described in Exhibit , attached hereto and made a part hereof for all purposes (as are all Exhibits which are mentioned herein), and within the building at the location shown within the drawings attached hereto as Exhibit Bl. The land and building are herein called the "PROPERTY". III. Improvements 3.1 The installation of the IMPROVEMENTS will require engineering, design and construction work to prepare the site within OWNER'S building where the newequipment will be located, and the procurement of equipment, infiastructure and utties modcations and electrical and mechanical installation. The IMPROVEMENTS are being made to enable the OWNER to manufacture singIe-serve beverages in aluminum containers at the PROPERTY. The single -serve beverages will consist of red juices, Fusion, potential for teas and potential for carbonated products. The aluminum container sizes to be manufactured will be 5.5 ounce, 8.4 .tunce and 11.5 ounce. The IMPROVEMENTS are described as fbilo A. To the real property of OWNEX building modifications to support proper operation and sanitation of the installed equipment. This includes utties, floor, wall, and ceng finishes, as well as some structural improvements to the building to support static, live and dynamic equipment loading. B. Container Delivery, to consist of depalletizer for purchased aluminum containers and dedicated container lines by diameter to filling operation. C. Prep Operation, to consist of multiple ingredient handling systems and hold/pre- blend tanks, and independent tomato paste standardization system. D. Blending Operation, consisting of a single 1,000 gallon blend tank, supported by pre -blend, 1old and feed tanks.