2017-037 - Approving a Tax Abatement Agreement between the City of Paris and Campbell Soup Supply Company, LLC relating a new Plum Organics Line

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I. Term 1.1 The effective date of this AGREEMENT is the 23rd day of October, 2017, with tax abatement period beginning with the tax year commencing January 1, 2019 (provided the IMPROVMENTS described herein are completed by December 31, 2018) and expiring on December 31, 2028. In no event shall the abatement period extend passed December 31, 2028, regardless of the number of years the IMPROVEMENTS described herein have qualified for abatement of ad valorem taxes. II. Area to be Improved 2.1 The PROJECT consists of new building modifications to the real property of the OWNER, and the addition and installation of equipment and personal property described in Article III, below, all to be performed by OWNER within an existing building of the OWNER at the OWNER'S plant in Paris, Lamar County, Texas. Collectively, all such improvements which are the subject hereof shall be called the "IMPROVEMENTS". The IMPROVEMENTS shall be located upon and within the OWNER's current facilities consisting of the OWNER's land also described in Exhibit B, 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 C. 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 new equipment will be located, and the procurement of equipment, infrastructure and utilities modifications and electrical and mechanical installation. The IMPROVEMENTS are being made to enable the OWNER to manufacture certain hot -fill products of OWNER's affiliated company, Plum, PBC, at the PROPERTY. The products to be produced include, but may not be limited to, organic baby food contained in soft pouch packaging. The IMPROVEMENTS are described as follows: A. To the real property of OWNER, building modifications consisting of ceiling, floor, and wall surface improvements to facilitate sanitation, and a structural "bridge" over the existing pump pit. B. Prep/Blend Operation, consisting of IQF processing stations, frozen ingredient extructors, spice slurry system, blending vessels, and all associated utilities, conveyance, and controls. C. Sterilization, consisting of four skid -mounted horizontal processing tanks and all associated utilities, conveyance, and controls. 2