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

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THE STATE OF TEXAS COUNTY OFLAMAR 11111, VII U 0 W Diu aly-1 L This Agreement to Terminate (the "TERMINATION AGREEMENT") a lax Abatement Agreement (the "AGREEMENT") dated February 25, 2013 is entered into by and between the CITY OF PARIS, TEXAS ("CITY"), a Texas municipal corporation situated in Lamar County, Texas, acting by its authorized officer whose signature appears below, and CAMPBELL SOUP SUPPLY COMPANY LLC ("OWNER") acting by andthrough its authorized officer whose signature appears below. WITNESSETH: WHEREAS, heretofore, on February 25, 2013, the CITY and OWNER entered into the Tax Abatement Agreement (the "AGREEMENT"), attached as hereto as Exhibit I of Exhibit A hereto and incorporated by reference as if fully set forth herein, related to OWNER's Single Serve Beverage Line; and WHEREAS, heretofore, on October 23, 2017, CITY and OWNER entered into an Addendum to Tax Abatement Agreement (the "ADDENDUMattached hereto as Exhibit A and incorporated by reference as if fiffly set forth herein, modifying certain terms of said AGREEMENT; and WHEREAS, the term of said AGREEMENT, as modified by the ADDENDUM, expires M n December 31, 2020; and WHEREAS, said AGREEMENT relates to PROPERTY owned by OWNER within the City of Paris, which PROPERTY is located within an Enterprise Zone as set forth in the AGREEMENT; WHEREAS, the Texas Tax Code Sec. 312.208(b) provides that a tax abatement agreement may be terminated by mutual consent of the parties in the same manner that the agreement was approved and executed; and goo WHEREAS, as a result of this determination, OWNER has asked to ten-ninate the AGREEMENT; and JJ . .... . .. .