2005-126-RES TAX ABATEMENT AGREEMENT KIMBERLY-CLARK CORP

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, , of said Reinvestment Zone in accordance with the purPoses for which it was created and are in compliance with the CITY's policy on tax abatement incentives and the ordinance creating such Reinvestment Zone adopted by the CITY and all applicable laws; NOW, THEREFORE, The Parties hereto do mutually contract and agree as follows: I. Term 1.1 The term of this AGREEMENT shall begin on the 10th day of October, 2005, with, as hereinafter provided, tax abatement granted herein beginning with the tax year beginning January 1,2007, and expiring on December 31, 2016. II. Area to be Improved 2.1 The PROPERTY to .be the subject of this AGREEMENT shall be that PROPERTY described in Exhibit A, attached hereto, which is made a part hereof and shall be hereinafter referred to as PROPERTY (the Reinvestment Zone). III. Improvements 3.1 The OWNER's current facilities consist of land, buildings, and other structural improvements, all as shown on Exhibit B, attached hereto. The OWNER shall make improvements to the PROPERTY in the locations shown on Exhibit A attached hereto, as follows: The OWNER will add one robotic unitizing cell, associated conveying and controls, and distribution infrastructure improvements. Included in the distribution infrastructure improvements will be a building sprinkler upgrade, decoupling of existing palletizers, additional palletizing capability on current equipment, improved divert table scanning and the addition of a mega bailer on the South side of the building. Additional manufacturing support space and engineering project preparation and equipment storage requirements of approximately 121,000 square feet will be added west of the existing Child Care South spline area (described by survey in Exhibit C attached hereto) to support Baby and Child Care material flows, shipment of finished goods, and provide replacement space that will be lost to planned unitizing capacity increases, all of which will be particularly described in CITY'S Certificate of Completion prepared for City by Owner and verified by City after the completion and installation of the improvements and machinery herein described, which shall be furnished to and filed with the Chief Appraiser of the Lamar County Appraisal District. Said Certificate shall be duly executed by the Mayor of the City of Paris in the form attached hereto as Exhibit D. The purpose of the improvements is to improve the effectiveness of the Paris Operations and Distribution functions by increasing the OWNER'S manufacturing support space, and adding capability to automatically palletize retail cases. The improvements described in 2