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RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS APPROVING AND AUTHORIZING AN AMENDMENT TO A TAX ABATEMENT AGREEMENT BETWEEN THE CITY OF PARIS, TEXAS AND AMERICAN SPIRALWELD PIPE COMPANY, LLC DATED SEPTEMBER 24, 2018; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris, Texas did heretofore, on the 24th day of September, 2018, in Resolution No. 2018-025 grant to Owner a Tax Abatement Agreement ("Agreement") attached hereto as a part of Exhibit A and attached hereto by reference as if fully set forth herein; and, WHEREAS, the Agreement contains imprecise language regarding when the abatement period was to begin; and WHEREAS, Owner having been compliant with the terms of the Agreement in all respects, the parties wish to clarify said language; and WHEREAS, the City Council finds that it is in the best interest of the City of Paris and its citizens to clarify the language of the Agreement to specify that the abatement period granted therein was to become effective on January 21, 2021, which is in keeping with the manner in which the Lamar County Appraisal District has administered the abatement; and WHEREAS, upon review and consideration of the Amendment to Tax Abatement Agreement attached hereto as Exhibit A ("Amendment") and all matters attendant and related thereto, the City Council is of the opinion that the terms and conditions therein meet the Guidelines and Criteria for Tax Abatement and should be approved, and that the Mayor should be authorized to execute it on behalf of the City of Paris, Texas. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, THAT: Section 1. The findings set out in the preamble to this resolution are hereby in all things approved and are incorporated herein for all purposes. Section 2. That the terms of the Amendment to the Agreement and the property the subject thereof meet the City's Guidelines and Criteria for Tax Abatement adopted by the City of Paris by Resolution No. 2024-001. Section 3. That the terms and conditions of the proposed Amendment attached hereto as EX A, having been reviewed by the City Council of the City of Paris and found to be acceptable and in the best interests of the City of Paris and its citizens, be, and the same are hereby, in all things approved.