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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COONCIL OF T14E CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble of this resolution arc- hereby <br />in all things approved. <br />Section 2. That the econornic, 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 EXE bftt_A <br />herein by reference, is hereby ratified and approved . , attached heret�o and incorporated <br />Seefion 3. That in the event t�h�at AMERICAN SpiraiWeld Pipe Company, L <br />choloses to locate its new plant in Paris, Texas, the Ci�y Council hereby directs an <br />authorizes the City Attorney to prepare a tax abatement agreement related to a probab <br />investment of $60,000,000.00 with an associated 100 jobs for an abatement of proper <br />taxes on irnprovements made at the rate of 100% for a period of 10 years and any oth <br />necessary documents related thereto. I <br />Section 4. That the City Council hereby authorizes the director of community <br />development to certify AMERICAN SpiralWeld Pipe Company, LLC's application fGr 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 I 1.th day of Decernber, 2017.. <br />Steven t,Jifford, M.. Mayor, <br />An'EST: <br />�nice Ellis, City Clerk ...... <br />EDAS 7 0 F 11R51. <br />Std i n i e H, II a rri s, C ty, Atto rn ey <br />