15 - Tax Abatement Agreement for Ametsa Packaging

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AceoProe9.2 The Owner further agrees that the City, its agents and employees, shall have reasonable right of access to the Property to inspect the Improvements in order to ensure that the installation of any Equipment is in accordance with this Agreement and all applicable state and local laws and regulations or valid waiver thereof. After completion of the installation of the Equipment, the City shall have the continuing right to inspect the Property during the term of the Agreement. All inspections will be made only after giving the Owner written notice at least seventy-two (72) hours in advance, and such inspections shall be conducted in such a manner so as not to interfere with the operation of the facility. Representatives of the City inspecting the Property and Improvements shall be accompanied and by one (1) or more representatives of the Owner and shall sign an Agreement promising to maintain the confidentiality of any information they obtain in connection therewith except for the purposes of assessing and collecting ad valorem taxes and verifying or enforcing compliance with this Agreement, or as otherwise required by law. Said representative shall also be required to observe any facility rule and regulation applicable to the Property. Nothing herein shall be construed as limiting the City's ability to perform inspections or to enter the Property the subject of this Agreement. X. Reporting Requirements 10.1 Initial Report: The Owner further agrees that it will, by April 15, 2024, provide the City with a sworn report, written on Owner's letterhead and signed by a designated representative of Owner, which contains the following information relating to the Improvements completed and Equipment installed in the year 2023: (a) A copy of the printout from the Lamar County Appraisal District showing the market value of the Property as of January 1, 2023, prior to the construction of the Improvements and installation of Equipment; (b) Detailed description of the Improvements or Equipment; (c) A detailed description of any miscellaneous items of capitalized office equipment and the actual cost of such added office equipment; (d) A detailed list of and the actual cost of added machinery and equipment; (e) The actual cost of capital Improvements; and, (f) The date of substantial completion of the installation of the Equipment as defined in paragraph 3.1 hereof. 10.2 Annual Report on Compliance for Each Year of the Abatement Period: In addition to the report required in Paragraph 10.1 hereinabove, Owner further agrees that by April 15th of each year of this Agreement beginning in the year 2025, it will provide the City with an annual sworn report which shall certify, in writing, that it is in compliance with each applicable term of this Agreement. Such annual report shall be furnished in the form attached hereto as Exhi and shall reflect the prior fiscal year. Owner shall attach thereto copies of the employer reference summary page of its Texas 0