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2017-036 - Terminating the Tax Abatement Agreement dated February 25, 2013 between the City of Paris and Campbell Soup Supply Company, LLC relating to the Single Serve Beverage Line
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2017-036 - Terminating the Tax Abatement Agreement dated February 25, 2013 between the City of Paris and Campbell Soup Supply Company, LLC relating to the Single Serve Beverage Line
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10/24/2017 2:13:17 PM
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CITY CLERK
CITY CLERK - Date
10/23/2017
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White Space 11 <br />Single Serve Juice — Aluminum Can <br />CERTIFICATE OF COMPLETION <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS <br />The City of Paris, Texas, has executed and delivered a Tax Abatement Agreement (the <br />"Agreement") dated February 25, 2013, with CAMPBELL SOUP SUPPLY COMPANY LLC, a <br />limited liability company (the "Company"), for certain improvements and other equipment (the <br />"Improvements") to be installed at the Company's plant located in Paris, Lamar County, Texas, <br />as described in the Agreement, which plant is located within an ENTERPRISE ZONE <br />established by the United States Census in 2010. <br />The Company has complied with all of the terms of the Agreement, and the City of Paris <br />herein verifies that the Improvements agreed to be built, installed and used have in fact been <br />completed as provided for in the Agreement. <br />NOW THEREFORE, the City of Paris authorizes that the Property of the Company, as <br />described in the Agreement and in Exhibits A and B attached to the Agreement, shall receive a <br />tax abatement of 100% of the taxes assessed upon the increased value of the Improvements so <br />installed, over the value in which the property was last determined as of January 1, 2013, for a <br />duration of seven (7) years, with the tax abatement for the Improvements beginning January 1, <br />2014. <br />APPROVED this day of , 20_, <br />Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />Kent McIlyar, City Attorney <br />
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