2017-039 - Agreements to Amend and Terminate an Economic Incentive Agreement between Campbell Soup and PEDC

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7 Campbell Soup shall provide all documentation requiredby Paris EDC to verify that, the $25,000,000.00 new Capital Investment was inade in the Paris,'Texas Facility and that 50 new full-time equivalent (FTE)Jobs were filled at the Paris, Texas Facility by Decernber 31,2013. 8. Campbell Soup shall provide a compliance statements to Paris EDC, ill a form acceptable to Paris EDC., that verify that Campbell Soup is full cornp)iance with all terms and conditions ofthis Agreement, B. CSMPhCll Sunup Represents to Paris EDC the following. I , Campbell Soup has filed all necessary plats, site plans and building permit applications NvAb the City of Paris, Texas ("City") to construct and complete the Capital Investment (SS Juice line), it has pulled all necessary building pentiRs, and corliplied with all City ordinances, building and development codes in makiing the improvements to its Property in Paris, Texas, 2, Campbell Soup shall provide annual compliance statements tio Parts EDC by January I I' of each year that verify that all, F7E jobs referenced herein are still in place and filled at The Paris. Texas Facility, Campbell Soup agrees to provide arty other personnel, mcords, payroll records, documents, reports or, affidavits dectried, neciessary by Pans EDC to verif� minimum employment/retention requiternents at the Paris facilities. Campbell Soup shall provide these additional verification docurnemts to Paris EDC within fifteen (15) days following request from Pat -is FDC. I For purposes, of this Agreement, a full-time equivalent job ("FTE") shall mean employment by Campbell Soup at the Property for a perrOD eligible to receive employee benefits, Campbell Soup will pay all taxes when due, including, but not limited to: federal employment, payroll and Medicare taxes on its employees; all state and local sales and use taxes and excise and franchise taxes; and aJ1 ad valorem taxes on all real and personal property. In the event Campbell Soup should N1 to pay any of the lawfizly imposed taxes or fees referred to above When due, plus wty penalties, interest, costs or attorney's fees lawfully imposed, Campbell Soup shall be consides rd in default of this Agreement a,nd Paris EDC may term nate this Agreement and pursue recovery of any and all economic incentives provided to Campbell Soup under thisAgreernent plus any other rights it may have in rqWty or under the law. 5, Campbell Soup agrees riot to ernploy undocumented workers at its Paris, Texas F&cility,, Should Campbell Soup be convicted of a violation under 9 U. C, Secticro 1324a(f) regarding the employment of undocumented workers during the tv=n of ffiis Agreement, it shall be de wed in defkuh and subject to termination of'Agreement and mirnbursement of Econornic Incentive funds as provided herein.