19 - Tax Abatement Agreement with SpiralWeld

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CERTIFICATE OF COMPLETION FOR THE YEAR 2019 AMERICAN SPIRALWELD PIPE COMPANY, LLC STATE OF TEXAS } COUNTY OF LAMAR } CITY OF PARIS } The City of Paris, Texas has executed and delivered a Tax Abatement Agreement (the "Agreement") dated September . 2018, with AMERICAN SPIRALWELD PIPE COMPANY, LLC, for certain improvements and other equipment (the "Improvements") to be installed at the Company's property located in Paris, Lamar County, Texas, as described in Exhibit A attached hereto, which property is located within an Enterprise Zone established by the United States Census in 2010. Based on information provided by Company and verified by the City, the City of Paris herein verifies that the Improvements agreed to be built, installed and used in accordance with said Agreement have in fact been completed as provided for in the Agreement and that the Company has complied with all other terms of the Agreement. NOW, THEREFORE, the City of Paris authorizes that the property described in Exhibit A attached hereto shall receive a tax abatement during each year through the end of the term the Tax Abatement Agreement of the taxes assessed upon the increased value of the real and personal property of the Company located in Paris, Texas, over the value at which the property was last appraised on January 1, 2018, which is the year in which the Tax Abatement Agreement was executed, as recited in the Agreement. The term of the tax abatement is seven (7) years, with the tax abatement beginning January 1, 2020, and ending December 31, 2026. Said tax abatement shall be equal to the following: Year 1 (beginning January 1, 2020) 100% Year 2 (beginning January 1, 202 1) 100% Year 3 (beginning January 1, 2022) 70% Year 4 (beginning January 1, 2023) 70% Year 5 (beginning January 1, 2024) 50% Year 6 (beginning January 1, 2025) 25% Year 7 (beginning January 1, 2026) 25% APPROVED this day of _J . Mayor 32354874 v2