2018-025 Tax Abatement Agreement with SpiralWeld

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