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<br />THESTATEOFTEXAS )
<br />)
<br />COUNTY OF LAMAR )
<br />
<br />TAX ABATEMENT AGREEMENT
<br />
<br />This agreement is entered into by and between the CITY OF PARIS, PARIS, TEXAS, a
<br />municipal corporation, situated in Lamar County, Texas, acting by and through its authorized officer
<br />whose signature appears below, hereinafter called CITY, and Turner Industries Group, LLC, acting
<br />by and through its authorized officer whose signature appears below, hereinafter referred to as
<br />OWNER.
<br />
<br />WITNES SETH:
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of
<br />September, 2004, in Resolution No. 2004-164, elect to be eligible to participate in tax abatement
<br />agreements in order to maintain and enhance the commercial and industrial economic and
<br />employment base of the Paris area for the long term interest and benefit of the City and its citizens;
<br />and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of
<br />September, 2004, in Resolution No. 2004-164, pass and adopt a policy on tax abatement incentives;
<br />and,
<br />
<br />WHEREAS, the policy on tax abatement incentives constitutes appropriate guidelines and
<br />criteria governing tax abatement agreements to be entered into by the CITY as required by the
<br />Property Redevelopment and Tax Abatement Act, as amended; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 4th day of
<br />December, 1997, pass Resolution No.97-146, establishing an Enterprise Zone in the City of Paris,
<br />hereinafter called CITY, for commercial and industrial tax abatement, hereinafter referred to as
<br />ORDINANCE, as authorized by the Property Redevelopment and Tax Abatement Act, as amended,
<br />being V,T,C.A. Tax Code, Chapter 312 at Section 312.2011; and,
<br />
<br />WHEREAS, the contemplated use of the PROPERTY, as hereinafter defined, the
<br />contemplated improvements to the PROPERTY in the amount as set forth in this AGREEMENT,
<br />and the other terms hereof are consistent with encouraging development of said Enterprise Zone in
<br />accordance with the purposes for which it was created and are in compliance with the CITY's policy
<br />on tax abatement incentives and the ordinance creating such Enterprise Zone adopted by the CITY
<br />and all applicable laws; NOW, THEREFORE,
<br />
<br />The Parties hereto do mutually contract and agree as follows:
<br />
<br />TAX ABATEMENT AGREEMENT - Page 1
<br />EXHIBIT 13-
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