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report, written on Owner's letterhead and signed by a designated representative of Owner, which <br />contains the following information: <br />(a) A copy of the printout from the Lamar County Appraisal District showing the <br />market value of the Property prior to the construction of the Improvements, <br />(b) Detailed description of the Improvements; <br />(c) A copy of or identification of plans and specifications of constructed <br />improvements and the location of the same for inspection by City's Building <br />Official; <br />(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 is <br />shall certify, in writing, that it is in compliance with each applicable to of this Agreement. Such <br />annual report shall be furnished on the forms provided by the City. <br />6.8. This Agreement was authorized by resolution of the City Council at its regularly <br />scheduled meeting on the 8th day of September, 2025 authorizing the Mayor to execute the <br />Agreement on behalf of the City. <br />6.9 This Agreement was entered into by Owner pursuant tothe 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 it <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 this <br />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 by <br />Owner, without the prior written consent of City, which consent shall be at the sole discretion of <br />the City. <br />