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-11OW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY (I <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble of this resolution are hereby <br />ill all things approved. <br />Section 2. That the economic incentive package approved oil Decernber 1, 201.7 <br />by the Paris Economic Development Corporation to AMERICAN SpiralWeld Pipe Company, <br />LLC, the components of which are set forth in Eabibis 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 wit], an associated 100 jobs for an abatement Of property <br />taxes oil 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, 20,17, <br />0 <br />71 <br />Steven lifforfo <br />-d, M, Mayor <br />ATTEST: <br />% <br />nice Ellis, City Clerk <br />7P;1"ED AS TO FJr1RM: <br />-ney <br />st�-r I nie H. Harris, City Attoi <br />