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Section 2. That the terms of the Economic Development Agreement and the <br />property the subject thereof meet the City's Guidelines and Criteria for Tax Abatement <br />adopted by the City of Paris by Resolution No. 2022-003 and will lead to the economic <br />development of the Program Area described in said Resolution No. 2022-003. <br />Section 3. That the terms and conditions of the proposed Agreement attached <br />hereto as Exhibit A having been reviewed by the City Council of the City of Paris and found <br />to be acceptable and in the best interests of the City of Paris and its citizens, be, and the same <br />are hereby, in all things approved. <br />Section 4. That the City Manager is hereby authorized to execute the Agreement <br />and all other documents in connection therewith on behalf of the City of Paris substantially <br />according to the terms and conditions set forth in the Agreement attached hereto as Exhibit <br />A. <br />Section 5. That the planned use of the property the subject of the economic <br />development agreement will not constitute a hazard to public safety, health, or morals. <br />Section 6. That this approval and execution of the agreement on behalf of the City <br />is not conditioned upon approval and execution of any other tax abatement agreement by <br />any other taxing entity. <br />PASSED AND APPROVED this 13th day of June, 2022. <br />Paula Portugal, Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />Stephanie H. Harris, City Attorney <br />