13 - Terminating Tax Abatement dated 11-24-2008 with Campbell Soup related to the Multi-Serve Beverage Line

Home Browse Search

I 1JTz1raf f noirt M. 1.1 The effective date of this AGREEMENT is the 24 1h day of November, 2008, with . W tax abatement beginning with the tax year commencing January 1, 2010, and expiring on December 31, 2019. 11. Area to be Improved 2.1 The IMPROVEMENTS to be the subject of this AGREEMENT consist of (1) improvement to an existing building on real estate ("REAL ESTATE IMPROVEMENTS"), and (2) personal property, machinery and equipment (' 'PERSONAL PROPERTY IMPROVEMENTS"). Collectively, all such improvements which are the subject hereof shall be called the "IMPROVEMENTS". The IMPROVEMENTS shall be located upon and within the OWNER'S current ifficilities consisting of land, buildings and other structural improvements situated at 500 Loop 286 NW, in the City M:. Lamar County, Texas, herein called the "PROPERTY", as further depicted in Exhibit A attached hereto and made a part hereof for all ME= III. Improvements 3.1 The project contemplated in this AGREEMENT will include necessary REAL ESTATE IMPROVEMENTS to an existing building within OWNER'S Paris, Texas plant to modify the building to accommodate the OWNER'S addition of a Juice Manufacturing Line of products. The IMPROVEMENTS will require engineering and design work, procurement of equipment, infrastructure and utilities modifications and electrical and mechanical installation within the OWNER'S Paris plant. The PERSONAL PROPERTY IMPROVEMENTS include new machinery and equipment capable of producing 12, 16, 46 and 64 ounce PET bottles for V- 8, Tomato, V -Fusion and Splash juice varieties. This required equipment includes Preparation Processes, Product Blending Process, Juice Filling Process, and Labeling and Case Packing Process. All such equipment shall be particularly described in the Certificate of Completion prepared by O'�NNER after the completion and installation of the building improvements, personal property, machinery and equipment described herein. The Certificate of Completion shall be filed with the City Manager for the City of Paris, Texas and the Chief Appraiser of the Lamar County Appraisal District, Following review and confirmation of the information provided in the Certificate of Completion, said Certificate shall be duly executed by the Mayor of the City of Paris in the form attached hereto as Exhibit B. ........ . ........ - pagir, 2,