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2018-028 Resolution Terminating Tax Abatement Agreement with Essent PRMC L.P. dba Paris Regional Medical Center
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2018-028 Resolution Terminating Tax Abatement Agreement with Essent PRMC L.P. dba Paris Regional Medical Center
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12/12/2018 3:58:08 PM
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12/12/2018 3:40:08 PM
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! <br />STATE OF TEXAS j <br />COUNTY OF LAMAR <br />The City of Paris, Texas, has included the Property described in Exhibit A attached hereto into <br />two Enterprise Zones, and has executed and delivered a Tax Abatement Agreement dated October 8, <br />2012 with ESSENT PRMC, L.P., a limited partnership, for certain improvements and other equipment <br />(the "Improvements") to be installed at the Partnership's two hospital facilities located in Paris, Lamar <br />County, Texas. <br />Pursuant to letter dated March 13, 2013 from Steve Wylie, Senior Vice President, Financial <br />Operations, Regional Care Hospital Partners, ESSENT PRMC, L.P. has completed all Improvements set <br />forth in the Tax Abatement Agreement and has complied with all other terms in the Tax Abatement <br />Agreement. <br />NOW THEREFORE, the City of Paris authorizes that the Property described in Exhibit "A" <br />attached hereto shall receive a tax abatement of 100% of the taxes assessed upon the increased value of <br />the Improvements so installed over the value in which the property was last determined as of <br />September 30, 2010, as recited in the Tax Abatement Agreement, for a duration of ten (10) years, with <br />the tax abatement for the Improvements beginning January 1, 2013. <br />APPROVEDhi_ day of 2013 <br />A.J. Hashmi, M" ' :, M,1W61 <br />ATTEST: <br />ice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent Qyar, pity Attorney <br />
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