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06-B Kimberly-Clark Tax Abatement
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06-B Kimberly-Clark Tax Abatement
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Last modified
8/17/2012 1:07:06 PM
Creation date
5/4/2006 5:43:34 PM
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Template:
AGENDA
Item Number
06-B
AGENDA - Type
RESOLUTION
Description
Tax Abatemetn Agreement with Kimberly-Clark Corp.
AGENDA - Date
5/8/2006
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<br />CERTIFICATE OF COMPLETION <br /> <br />STATE OF TEXAS } <br /> <br />COUNTY OF LAMAR } <br /> <br />CITY OF PARIS } <br /> <br />The City of Paris has included the Property described in Exhibit A attached hereto into <br />Reinvestment Zone Number 15 and executed a tax abatement Agreement with KIMBERLY -CLARK <br />CORPORATION for certain Improvements or repairs. <br /> <br />KIMBERLY -CLARK CORPORA nON has complied with all terms of the tax abatement <br />Agreement and the City of Paris herein verifies that the Improvements agreed to be built or used <br />were in fact completed, as provided. <br /> <br />NOW, THEREFORE, the City of Paris authorizes that the Property described herein shall <br />receive a tax abatement of 100% of the taxes assessed upon the increased value of the <br />Improvements over the value in the year in which the tax abatement Agreement was executed for <br />a duration of 10 years, beginning January, 1,2008. <br /> <br />APPROVED this <br /> <br />day of <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />Janice Ellis, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />John D. Lestock, City Attorney <br /> <br />------------.----------- --------.----------- ----------r------ <br />
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