2024-048 - Approving and authorizing an Economic Development Agreement and Tax Abatement Agreement with Tower Guard Construction & Development, LLC pursuant to the 5 in 5 Housing Infill Development Program

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CITY: CITY OF PARIS, TEXA Attn: City Manager P. 0. Box 9037 Paris, TX 75461-9037 City Clerk, City of Paris, Texa (Address same as above) I 6.14 If any term or provision of this Agreement shall be declared unconstitutional or voiL41 by any court of competent jurisdiction, the constitutionality and validity of the remainder of said Agreement shall not be affected thereby, and to this end the terms and provisions of this Agreement are declared to be severable. 6.15 This Agreement sets forth the entire understandinbetween the parties, and a gny other understandings or agreements shall be canceled and superseded by this Agreement upon the date of execution hereof None of the terms of this Agreement shall be waived, discharged, altered or modified in any respect, except by an Agreement in writing signed by both parties and specifically referring to this Agreement. The captions in this Agreement are included for convenience only and shall not be taken into consideration in any construction or interpretation of this Agreement or any of its provisions. This Agreement is performable in Lamar County, Texas, and shall be governed by, construed and enforced in accordance with the laws of the State of Texas. The provisions of this Agreement shall apply to, bind and inure to the -benefit of the City, Owner, and their respective successors, and permitted assigns, if any. 6.16 Venue for any actions arising under this Agreement shall lie exclusively in the court of Lamar County, Texas, for any State Court action, and in the U.S. District Court for the Easte District of Texas for any federal court action. I 6.17 MANDATORY ANTI -BOYCOTT AND OTHER PROVISIONS. Owner, bf]JA executing this agreement, certifies the following: 4 . -nment Code, Owner certifies 1. Pursuant to Section 2271.002 of the Texas Govei that either (i) it meets an exemption criterion under Section 2271.002; or does not boycott Israel and will not boycott Israel during the tenn of the Agreement. Owner acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. Pursuant to SB 13� 87th Texas Legislature, Owner certes that either (i) it meets an exemption criterion under SB 13, 87th Texas Legislature; or (ii) it does not boycott energy companies, as defined in Section I of SB 13, 87th Texas Legislature, and will not boycott energy companies during the term of the Agreement. Owner acknowledges this Agreement may be terminated and payment withheld if this certification is inaccurate. 9