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THE STATE S <br />14TS Vi M5 I <br />�! 1 i i ■ a �(i i 1i A \ 1 l t ■ a <br />WITNESSETH: <br />WHEREAS, heretofore, on November 24, 2008, the CITY and OWNER entered into <br />Tax Abatement Agreement (the "AGREEMENT"), attached as hereto as Exhibit I of Exhibit <br />hereto and incorporated by reference as if fully set forth herein, related to OWNER's Mul <br />Serve Beverage Line (also referred to as the "Fusion Line"); and I <br />WHEREAS, heretofore, on July 22, 2019, CITY and OWNER entered into <br />Addendum to Tax Abatement . Agreement attached hereto as Exhibit <br />and incorporated by reference as if fully set forth herein, modifying certain terms of s <br />a ► and <br />WHEREAS, the term of said AGREEMENT, as modified by the ADDENDUM, expires <br />on December •' . • <br />ViTHERFAS, said AGREEMENT relates to PROPERTY owned by OWNER j�n <br />City of Paris,PROPERTY within an Enterprise <br />1 set fo in <br />AGREEMENT; <br />WHEREAS, the Texas Tax Code Sec. 312.208(b) provides that a tax abatcme <br />agreement . be terminated by mutual consentof parties <br />agreement was approved andexecuted; <br />WHEREAS, due to prevailing conditions in the industry, OWNER has closed the Fusion <br />Line at OWNER's PROPERTY and has diverted resources associated with the Fusion Line to <br />sauce production within the Paris, Texas facility and has furthermore made an additional capital <br />investment in said sauce production of over $10,000,000.00; and <br />AGREEMENT;WHEREAS, as a result of this determination, OWNER has asked to terminate th-,§ <br />