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<br />COUNTY OF LAMAR <br /> <br />~ <br />~ <br /> <br />THE STATE OF TEXAS <br /> <br />TAX ABATEMENT AGREEMENT <br /> <br />This agreement is entered into by and between the CITY OF <br />PARIS, a municipal corporation, situated in Lamar County, Texas, <br />acting by and through its Mayor, Eric S. Clifford, duly <br />authorized, hereinafter called CITY, and Kimberly-Clark <br />Corporation, acting by and through its authorized officer whose <br />signature appears below, hereinafter referred to as OWNER. <br /> <br />WITNESSETH: <br /> <br />WHEREAS, on the 5th day of July, 1990, the City Counc il of <br />the City of Paris, Paris, Texas, passed Ordinance No. 90-019 <br />establishing Reinvestment Zone No. Two in the City of Paris for <br />commercial and industrial tax abatement, hereinafter referred to <br />as ORDINANCE, as authorized by the Property Redevelopment and Tax <br />Abatement Act, as amended, being V.T,C.A. Tax Code, Chapter 312; <br />and, <br /> <br />WHEREAS, the CITY did heretofore in Resolution No. 90-039 <br />adopted a policy on tax abatement incentives; and, <br /> <br />WHEREAS, the policy on tax abatement incentives constitutes <br />appropriate guidelines and criteria governing tax abatement <br />agreements to be entered into by the CITY as required by the <br />Property Redevelopment and Tax Abatement Act, as amended; and, <br /> <br />WHEREAS, the CITY did in said same Resolution No, 90-039, <br />elect to be eligible to participate in offering tax abatement <br />agreements; and, <br /> <br />WHEREAS, in order to maintain and enhance the commercial and <br />industrial economic and employment base of the Paris area for the <br />long term interest and benefit of the CITY and its citizens: and, <br /> <br />WHEREAS, the contemplated use of the property, as <br />hereinafter defined, the contemplated improvements to the <br />property in the amount as set forth in this agreement and the <br />other terms hereof are consistent with encouraging development of <br />said Reinvestment Zone No, Two in accordance with the purposes <br />for which it was created and are in compliance with the CITY'S <br />policy on tax abatement incentives and the ordinance creating <br />such reinvestment zone adopted by the CITY and all applicable <br />laws; <br /> <br />EXHIBIT A <br />