2019-024 - Approving an Addendum to Tax Abatement Agreement dated November 25, 2008 with Campbell Soup relating to the Company's Single Serve Beverage Line and Authorizing an Agreement with the Company to Terminate same

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NOW, THEREFORE, The Parties hereto do mutually contract and agree as follows: 9 1.1 The effective date of this AGREEMENT is the 24" day of November, 2008, with 1. 4 tax abatement 'beginning with the -tax year commencing January 1, 2010, and exparing on December 31, 2019., I. Area to be Improved 2.1 The IMPROVEMENTS to be the subject of this AGRFEEMENT consist of (1) improvement to an existing building on real estate ("'REAL ESTATE IWROVE MENTS,"), and (2) personal property, machinery and equipmentCTERSONAL PROPERTY IMPROVEMENTS"). Collectively, all such improvements which are the subject hereof -shall be called the 'IMPROVEM.EMIS. ". The IMPROVEMENTS shall be located upon and within the OWNER'S current facilities consisfing of land, 'buildings and other structural improvements situated at 500 Loop 286 NW, in the City of Paris, 'l.'..=ar County, Texas,herein called the "PROPERTY", as further depicted in Exhibit A attached hereto'and made a part -hereof for all purposes. 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 accommodale the OWNERS addition of a Juice Manufacturing Line of products., The IMPROVEMENTS will require engineering and des.ign work, procurement of equipment, infrastructure and utilities modifications and electrical and mechanical installation w 'thin the OWNERS Paris plant. The PERSONAL PROPERTY 1WROVEMENTS include new machinery and equipment capable of producing 12, 16, 46 and 64 ounce PET bottles for V- 8, Tomato, -P ion 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 OWNER 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, Texasand time ChiefAppraiw,.r of the 1,arnar County Appraisal District, Following review and confirmation of the inform aition provided in the Certificate of Completion, said Certificate %hall be duly executed by the Mayor of the Cit Exhibit —.. ...... I .y of Paris in -the form attached hereto as B.