2018-024 Master Economic Development Agreement between the City, PEDC and American Spiralweld Pipe

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term set forth in this Performance Agreement and in the 380 Agreement set forth in Article IV herein. Said certification shall be made on or before March 31st of each year in this Master Agreement. Article IV—Chapter 380 Agreement between City, American and PEDC The City, American and PEDC enter into the following agreement pursuant to TEx. Loc. GOVT CODE CHAPTER 380 and agree as follows: 4.1 Term The term of this Agreement shall begin on the Effective Date and shall continue until the Expiration Date, unless sooner terminated as provided herein. 4.2 Recitals The Recitals contained in Section 3.2 of this Master Agreement are incorporated by reference into this Chapter 380 Agreement as if set forth in full. 4.3 Land Grant to American from the City A. Within five (5) business days of notice from American, the City shall convey to American fee simple title to the approximately 9.18 acres of land owned by the City located west of 19th St. Northwest, Paris, Texas, which land is more particularly described by metes and bounds in Exhibit I attached hereto (the "City Property"). In connection with such conveyance, the City shall deliver to American a duly executed and acknowledged Warranty Deed. Said City Property comprises a landlocked parcel adjacent to the First Phase Property conveyed to American by PEDC pursuant to paragraph 3.3.A hereof. Said conveyance is subject to an Amended Lease Agreement between the City of Paris, Texas and Cox Southwest Holding LP relating to a communications tower and dated on or about February 13, 2006 and assigned by Cox Southwest Holding LP to Cebridge Acquisition Co., LLC on or about February 27, 2007, and any future leases, lease amendments or lease assignments regarding the communications tower located on the City Property. Said conveyance is also subject to easements for said communications tower and for access thereto. B. The City's conveyance of the City Property to American is consideration for American's commitment to locate the Facility in Paris, Texas. PEDC shall 3230089100 14