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<br />personal property located at and <br />connection with its operation of <br /> <br />used by <br />the Paris <br /> <br />CAMPBELL TEXAS in <br />Plant is owned by <br /> <br />CAMPBELL TEXAS. <br />1.2. CAMPBELL is considering making certain major real <br />property improvements to the Paris Plant, hereinafter called the <br />"Improvements". The Improvements consist primarily of <br />constructing an approximately 200,000 square foot masonry, mostly <br />pre-cas t concrete, and steel bu ild ing, to house ini t ially <br />machinery and equipment required to manufacture and package <br />"prego" brand products, juice products in glass or aluminum <br />containers, and microwaveable food products. The real property <br />upon which the Improvements would be located consists of an <br />approximately nine (9) acre tract of land in the Reddin Russell <br />Survey of Lamar County, which occupies a portion of Lot 14, City <br />Block 297, as designated by the City of Paris Tax Map, and which <br />is included within the corporate limits of the City of Paris, <br />which is more particularly described on "Exhibit A", attached <br />hereto and incorporated herein for all legal purposes. <br />1.3. As an inducement to CAMPBELL to make the Improvements, <br />and as inducement to CAMPBELL TEXAS to agree as hereinafter <br />provided with respect to creating new jobs, CITY is willing to <br />enter into this Agreement and to provide the tax abatements <br />hereinafter described. <br /> <br />-2- <br />