2023-020 - Authorizing a Tax Abatement Agreement with Ametsa Packaging, LLC

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STATE OF TEXAS 1 ' COUNTY OF LAMAR l This Tax Abatement Agreement (the "Agreement") is entered into by and between tile CITY OF PARIS, TEXAS, a municipal corporation, situated in Larnar County, Texas, acting by and through its authorized officer whose signature appears below (hereinafter called "City"), audAMETSA PACKAGING, LLC, zTexas Limited Liability Company, acting byand through its authorized officer whose signature appears below (hereinafter referred to as "Owner"). WITNESSETH: WHEREAS, the City Council of the City of Pads did heretofore, no the 10th day of January, 2022,inResolution No. Z0Z2'002,elect tobceligible tnparticipateiutaxabateroeot agreements in order to maintain and enhance the commercial and industrial economic and employment base of the Paris area for the long term interest and benefit of the City and its citizens; and, WHEREAS, under the Texas Enterprise Zone Act (Texas Government Code Chapter 3303),and the Redevelopment and Tax Abatement Act (Texas Tax Code Sec. 31Z.2O1l)the designation nfaoarea asao Enterprise Zone also constitutes designation o[the area asa reinvestment zone (the "Reinvestment %on*");and WHEREAS. Owner owns certain property located at 2020 191h St. NW, Pal -is, Texas 75460 (the "Property") within the City of Paris, Lamar County, Texas, which, pursuant to the 2020 Census is included within an Enterprise Zone, asis sbovvo in the print-out from the Office ofthe Governor nfthe State ofTexas ooits website io Exhibit 1, attached hereto and made apart hereof for all purposes; and WHEREAS, Owner has agreed to install the equipment and machinery ("Business Personal Property" or "BPP") set forth herein otthe existing facility located on the property, for the purpose of manufacturing and packaging of sweeteners and sugars via the installation of specialized, high-speed equipment, packaging lines, and ancillary equipment; and WHEREAS, the Owner has agreed to create and maintain atleast thirty-five (35) h/|)' dnoeeguiva|eotoonp|oyrueotposjboosvvithbcucOtsiotbrDrsLyearofoperabooaudupto one hundred (IO0) such positions hnthe end o[the fifth year o[operation; and WHEREAS, the conternplated use of the BPP as herein defined, in the amount as set forth in this Agreement upon and within the Property, and the other terms hereof are consistent with encouraging development of said Enterprise Zone in accordance with the purposes for which it was created and are in compliance with the City's policy on tax abatement incentives and the ordinance creating such Enterprise Zone adopted by the City and all applicable laws; and l 5XHISNTA