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<br />RESOLUTION NO. 89-122 <br /> <br />WHEREAS, the City Council of the City of Paris, Paris, <br />Texas, did heretofore, pass Ordinance No. 89-036 designating a <br />Reinvestment Zone which permits the granting of tax abatement; <br />and <br /> <br />WHEREAS, said Reinvestment Zone encompasses real property <br />owned by Campbell Soup Company, upon which it desires to make <br />industrial improvements in the form of an additional <br />manufacturing facility which will house machinery, equipment, and <br />inventories owned by Campbell Soup (Texas) Inc.; and <br /> <br />WHEREAS, Campbell Soup Company and Campbell Soup (Texas) <br />Inc., have requested tax abatement as permitted by the Property <br />Redevelopment and Tax Abatement Act, Chapter 312 of the Tax Code, <br />Vernon's Texas Codes Annotated; and <br /> <br />WHEREAS, the City Council of the City of Paris deems it <br />appropriate to grant tax abatement upon the terms and conditions <br />and in the form of the Tax Abatement Agreement attached hereto as <br />Exhibit A; NOW THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, <br />That the terms and conditions of the "Tax Abatement Agreement" <br />in the form attached hereto as Exhibit A, are approved. <br /> <br />BE IT FURTHER RESOLVED, That the mayor of the City of Paris, <br />Eric S. Clifford, be, and he is hererby authorized and directed <br />to execute on behalf of the City of Paris the "Tax Abatement <br />Agreement" with Campbell Soup Company and Campbell Soup (Texas) <br />Inc., attached hereto as Exhibit A. <br /> <br />Passed and adopted this 2nd day of October, 1989. <br /> <br />4----, -~ <br /> <br />Eric S. Clifford, Mayor <br /> <br />ATTEST: <br /> <br />, <br /> <br />~~~'. ~~""ML-n.~FJ <br />Mattie Cunningham, City ler <br /> <br />APPROVED <br /> <br />~ <br /> <br />T. K. <br /> <br /> <br /> <br />