2017-035 - Amending the Tax Abatement Agreement dated February 25, 2013 between the City of Paris and Campbell Soup Supply LLC relating to the Single Serve Beverage Line

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RESOLUTION NO. 2017-035 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING AND AUTHORIZING AN ADDENDUM TO TAX ABATEMENT AGREEMENT DATED FEBRUARY 25, 2013 WITH CAMPBELL SOUP SUPPLY COMPANY LLC RELATING TO THE COMPANY'S SINGLE SERVE BEVERAGE LINE; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, heretofore, on February 25, 2013, the City Council of the City of Paris, Texas approved the Tax Abatement Agreement (the "Agreement") attached hereto to as a part of Exhibit 1 and incorporated by reference as if fully set forth herein with Campbell Soup Supply Company LLC ("Campbell Soup" or "the Company") related to Campbell Soup's Single Serve Beverage Line; and WHEREAS, the term of said Agreement expires on December 31, 2020; and WHEREAS, said Agreement relates to property owned by Campbell Soup 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 and tax abatement guidelines in effect in 2013 and on the date of the approval and execution of the Addendum to Tax Abatement Agreement attached hereto as Exhibit 1 and incorporated herein by reference as if fully set forth herein (the "Addendum") allow for modifications of a tax abatement agreement during the term of said agreement; and WHEREAS, due to prevailing conditions in the industry, Campbell Soup has determined to replace the Single Serve Beverage Line at its property in the Enterprise Zone with a new product line and therefore, the Company has requested certain modifications to the Agreement relating to the number of employees the Company is required to maintain on the Single Serve Beverage Line at said property during the term of the Agreement; and WHEREAS, the City Council has agreed to said modifications of the Agreement because said modifications are consistent with encouraging development of said Enterprise Zone in accordance with the purposes for which it was created and are in compliance with the City's policy on tax abatements and all applicable laws and otherwise serve a public purpose in maintaining a major 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