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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 app'ro'ved. <br />Section 2. That the economic incentive package approved on December 1, 2017 <br />by the Paris Economic Development Corporation to AMERICAN SpiralWeld Pipe Company, <br />LLC, the components of which are set forth in Exhibit A, attached hereto and incorporated <br />herein by reference, is hereby ratified and approved. <br />Section 3. That in the event that AMERICAN Spira]Weld Pipe Company, LLC <br />chooses to locate its new plant in Paris, Texas, the City Council hereby directs and <br />authorizes the City Attorney to prepare a tax abatement agreement related to a probable <br />investment of $60,000,000.00 with an associated 100 jobs for an abatement of property <br />taxes on improvements made at the rate of 100% for a period of 10 years and any other <br />necessary documents related thereto. <br />Section 4. That the City Council hereby authorizes the director of community <br />development to certify AMERICAN SpiralWeld Pipe Company, LLC's application for a grant <br />from the Texas Enterprise Fund and to provide other aid in support of said application as <br />may be necessary. <br />PASSED AND ADOPTED this 1.1th day of December', 2017. <br />.0 <br />S'tm. even4i,,�iiffo�t-d,m.61,"Mayor <br />ATTEST: <br />�nice Ellis, City Clerk <br />,CPV AS 0 FORM: <br />Sf"fi&nie I -I. flarris, City Attorney <br />