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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1., That the findings set out in the preamble of this resolution are hereby <br />in all things approved.. <br />Section 2. That the economic incentive package approved on December 1, 2017 <br />by the Paris Economic Development Corporation to I'll, the components <br />of which are set forth in ExhibitA attached hereto and incorporated herein by reference, <br />is hereby ratified and approved. <br />Section 3. That in the event that -hooses to locate its new <br />plant in Paris, Texas, the City Council hereby directs and authorizes the City Attorney to <br />prepare a tax abatement agreement related to a probable investment of $60,000,000.00 <br />with an associated 100 jobs for an abatement of property taxes on improvements made at <br />the rate of 100% for a period of 10 years. <br />Section 4. That the City Council hereby authorizes the director of community <br />development to certify )s application for a grant from the Texas <br />Enterprise Fund and to provide other, aid in support of said application as may be <br />necessary. <br />PASSED AND ADOPTED this 11th day of December, 2017. <br />Steven J. Clifford, M.D. Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />,Stephanie H. Harris, City Attorney <br />