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(d) The actual cost of the specific capital Improvements; and, <br />(e) The date of substantial completion of the specific Improvements as defined in <br />paragraph 2.1 hereof, and <br />(f) Receipts showing that the purchase of building materials and fixtures for the <br />construction were made from vendors within the City of Paris, when possible. <br />6.7 Owner further agrees that it will provide City with an annual, sworn report which <br />shall certify, in writing, that it is in compliance with each applicable term of this Agreement. <br />Such annual report shall be furnished on the forms provided by the City. <br />E. Authority to Contract. <br />6.8. This Agreement was authorized by resolution of the City Council at its regularly <br />scheduled meeting on the 12th day of June 2023, authorizing the Mayor to execute the <br />Agreement on behalf of the City. <br />6.9 This Agreement was entered into by Owner pursuant to the authority granted to the <br />authorized official whose signature appears below. <br />6.10. This Agreement shall constitute a valid and binding Agreement between the City <br />and Owner when executed in accordance herewith, regardless of whether any other taxing unit <br />executes a similar agreement for tax abatement. <br />F. Legal. <br />6.11 No officer, official or agent of the City has the power to amend, modify or alter <br />this Agreement or waive any of its conditions or to bind the City by making any promise or <br />representation not contained herein. <br />6.12 This Agreement, except by operation of law, shall not be assigned or transferred <br />by Owner without the prior written consent of City, which consent shall be at the sole discretion <br />of the City. <br />6.13 Any written notice required or permitted under the terms of this Agreement shall <br />be given and be deemed to have been duly served if either (1) delivered in person, or (2) <br />deposited certified mail, return receipt requested, postage prepaid in the United States mail, <br />addressed to the designated representative of the respective parties which are designated as <br />follows: <br />OWNER: <br />P -Town Property Holdings <br />Attn: Tim Risinger <br />550 CR 33970 <br />Powderly, Texas 75461 <br />7° <br />