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

Home Browse Search

signed by an authorized representative of OWNER, which contains the following information: (a) Copy of the printout from the Lamar County Appraisal District showing the market value of the PROPERTY prior to the construction of the IMPROVEMENTS; (b) Detailed description of IMPROVEMENTS; (c) Detailed description of any miscellaneous items of office equipment and the actual cost of such added office equipment; (d) Copy of or identification of plans and specifications of constructed improvements and the location of the same for inspection by CITY's certification team; (e) Detailed list of and actual cost of added machinery and equipment; (fj Actual cost of capital IMPROVEMENTS; and, (g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph 3.1 hereof. 11.2 The OWNER further agrees that it will provide CITY with an . annual, sworn report which contains the following information: (a) the name of each original hiree in the newly created job, date of hire, and place of residence of the hiree, and (b) statement 'as to -whether or not the fifty-seven (57) new, permanent, full time jobs are still in existence and filled, and (c) the name of the current employee in the newly created job, date of hire, and place of residence of the hiree. Additionally, OWNER shall certify, in writing, that it is in compliance with each applicable term of this AGREEMENT. Such annual report shall be furnished on the forms provided by the City and attached hereto as Exhibit D. 11.3 In addition to the annual report required under Section 11.2 hereof, the OWNER further agrees that it will provide CITY a copy of its Texas Workforce Commission Employer's Quarterly Report within thirty (30) days of its filing of the same with the Texas Workforce Commission. XII. Authority to Contract 12.1 , This AGREEMENT was authorized by resolution of the City Council at its regularly scheduled meeting on the 20 day of November, 2008, authorizing the Mayor to execute the AGREEMENT on behalf of the CITY. 12.2 This AGREEMENT was entered into by CAMPBELL SOUP SUPPLY COMPANY LLC (PARIS PLANT) pursuant to the authority granted to the authorized official whose signature appears below.