1990-039-RES WHEREAS, by Resolution duly adopted by the City of the City of Paris, Paris, Texas on May 10, 1990

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Code ~ 312.001 et.seq. and the Guidelines and Criteria for Designation of Reinvestment Zones and Tax Abatement Agreements to exempt a portion of the value of the property owned by Campbell Soup Company located in what is to be designated Reinvestment Zone No. One from ad valorem taxation upon and subject to the terms, conditions and provisions set forth in the Tax Abatement Agreement attached hereto as Exhibit B and incorporated herein for all purposes; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that: Section 1. The facts and recitations contained in the preamble of this Resolution are hereby found and declared to be true and correct. Section 2:. The City Council hereby designates the real property described in Exhibit A attached hereto, heretofore designated as a reinvesmtnet zone as Reinvestment Zone Number One, City of Par is, Par is, Texas, in accordance with and for the purposes of Section 312.2011 of the Property Redevelopment and Tax Abatement Act, V.T.C.A., Tax Code ~312.001 et.seq. See t ion 3. The City Counc i 1 hereby finds and determines that the terms of the Tax Abatement Agreement attached hereto as Exhibit B and the property subject to the Agreement meet the criteria for tax abatement as set forth in the Property Redevelopment and Tax Abatement Act, V.T.C.A., Tax Code ~312.001 et.seq. and in the Guidelines and Criteria for Designation of Reinvestment Zones and Tax Abatement Agreements adopted by the City of Paris. Section 4. Pursuant to Section 312.204 of the Property Redevelopment and Tax Abatement Act, V.T.C.A., Tax Code ~312.001 et.seq., the City Council hereby authorizes the execut ion, de 1 i very and per formance by the City of the Tax Abatement Agreement with Campbell Soup Company and Campbell Soup (Texas), Inc., in the form attached hereto as Exhibit B. The Mayor is hereby author ized to execute the Tax Abatement Agreement on behalf of the City, and to do or cause to be done all things necessary to effect such Agreement. Section 5. If any portion of this Resolution with Exhibits A and B incorporated therein shall, for any reason, be declared invalid by any court or competent jurisdiction, such invalidity shall not effect the remaining portions or provisions hereof. BE IT FURTHER RESOLVED, that the action taken in Resolution No. 89-100, approved on October 2, 1989, is in all things ratified. Passed and adopted this the 10t9/.day.}o'f May, 1990. ~:A~--) ~'C--L ,~ Eric S. Clifford, Mayor ATTEST: