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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THE STATE OF TEXAS COUNTY OF LAMAR TAX ABATEMENT AGREEMENT This agreement is entered into by and between the CITY OF PARIS, TEXAS, a home - rule municipal corporation, situated in Lamar County, Texas, acting by and through its authorized officer whose signature appears below (hereinafter called "CITY"), and CAMPBELL SOUP SUPPLY COMPANY LLC, acting by and through its authorized officer whose signature appears below (hereinafter referred to as "OWNER"). WITNESSETH: WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of September, 2004, by Resolution No. 2004-164, elect to be eligible to participate in tax abatement agreements in order to maintain and enhance the commercial and industrial economic and employment base of the Paris area for the long term interest and benefit of the City and its citizens; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 128' day of December, 2005, by Resolution No. 2005-144, as amended by Resolution No. 2006-042, dated March 13, 2006, pass and adopt a policy on tax abatement incentives and appropriate guidelines and criteria governing tax abatement agreements to be entered into by the CITY as required by the Property Redevelopment and Tax Abatement Act, as amended; WHEREAS, on November 24, 2008, the City Council of the City of Paris, Texas readopted and extended the Policy, Guidelines and Criteria for Tax Abatement Incentives for an additional two years or until such time they are further amended by Council; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 41" day of December, 1997, following public hearings as required by law, pass Resolution No. 97-143, establishing an Enterprise Zone in the City of Paris, Texas to encourage appropriate investments by the industrial and business community and to provide tax incentives within the zone to encourage said investment as authorized by the Texas Enterprise Zone Act, Chapter 2303, Texas Government Code, as amended (the "Act"); and WHEREAS, the PROPERTY, as defined herein, upon which the IMPROVEMENTS are to be located is situated within the Enterprise Zone and the contemplated use of the PROPERTY and IMPROVEMENTS, as hereinafter defined, in the amount as set forth in this AGREEMENT, and the other terms hereof are consistent with encouraging development of said Enterprise Zone in accordance with the purposes for which it was created and are in compliance with the CITY's policy on tax abatement incentives and the ordinance creating such Enterprise Zone adopted by the CITY and all applicable laws. TAX AATERtFhr A E�9EAr- Page 1