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STATE OF TEXAS ) <br />COUNTY OF LAMAR ) <br />TAX ABATEMENT AGREEMENT <br />This Tax Abatement Agreement (the "Agreement") is entered into by and between <br />the CITY OF PARIS, TEXAS, a municipal corporation, situated in Lamar County, Texas, <br />acting by and through its authorized officer whose signature appears below (hereinafter <br />called "City"), and AMERICAN SPIRALWELD PIPE COMPANY, LLC, acting by and through <br />its authorized officer whose signature appears below (hereinafter referred to as "Owner"). <br />WITNESSETH: <br />WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of <br />January, 2018, in Resolution No. 2018-004, elect to be eligible to participate in tax <br />abatement agreements in order to maintain and enhance the commercial and industrial <br />economic and employment base of the Paris area for the long term interest and benefit of <br />the City and its citizens; and, <br />WHEREAS, under the Texas Enterprise Zone Act (Government Code Chapter 2303), <br />the designation of an area as an Enterprise Zone also constitutes designation of the area as <br />a reinvestment zone (the "Reinvestment Zone"); and <br />WHEREAS, concurrently herewith, the City and Owner and the Paris Economic <br />Development Corporation, a Type A economic development corporation with the duties <br />and authorities granted to it in Tex.Loc.Gov. Code Chapters 501 and 504, are executing a <br />Master Economic Development Agreement, to which this Agreement is attached as Exhibit <br />C and incorporated therein by reference, conveying certain real property (the "Property") <br />to Owner as an inducement to Owner to construct and operate a spiral weld pipe <br />manufacturing mill; and <br />WHEREAS, pursuant to the 2010 Census, the Property within City of Paris, Lamar <br />County, Texas, is included within an Enterprise Zone, as is shown in the print-out from the <br />Office of the Governor of the State of Texas on its website in Exhibit 1„ attached hereto and <br />made a part hereof for all purposes; and <br />WHEREAS, Owner has agreed to make the Improvements specified herein, said <br />Improvements related to the construction of the spiral weld pipe manufacturing mill <br />referred to herein above; and <br />WHEREAS, in connection with the Master Economic Development Agreement, the <br />Owner has agreed to create and maintain at least sixty (60) full-time equivalent <br />employment positions; and <br />WHEREAS, the contemplated use of the Improvements, as hereinafter defined, in <br />the amount as set forth in this Agreement upon and within the Property, and the other <br />1 <br />32322920 v5 <br />