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

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WHEREAS, termination of the Agreement as modified by the Addendum is consistent with encouraging development of said Enterprise Zone in accordance with the purposes for which it was created and is in compliance with the City's policy on tax abatements and all applicable laws and otherwise serves a public purpose in maintaining a niaJor employer in the City; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved. Section 2. That the Tax Abatement Agreement dated February 25, 2013 between the City of Paris, Texas and Campbell Soup Company, L.L.C. should be terminated. Section 3. That the terms and conditions of the proposed Agreement to Terminate Tax Abatement Agreement Dated February 25, 20 13 Between the City of Pal -'is, Texas and Campbell Soup Supply Company LLC attached hereto as Exhibit I 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 approved. Section 4. That the Mayor is hereby authorized to execute the said Termination Agreement on behalf of the City of Paris Section S. That this approval and execution of the agreement on behalf of the City is not conditioned upon approval and execution of any other termination of tax abatement agreement by any other taxing entity, DULY PASSED AND APPROVED this 23rd day of October, 2017. Steven J. Clifford, M.D., Mayor ATTEST: Janice E'llis, City Clerk APPROVED AS TO FORM: Stephanie H. I farris, City Attorney