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<br />THE STATE OF TEXAS )
<br />)
<br />COUNTY OF LAMAR )
<br />
<br />T AX ABATEMENT AGREEMENT
<br />
<br />This Tax Abatement Agreement (the "Agreement") is entered into by and between
<br />the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, situated in Lamar
<br />County, Texas, acting by and through its authorized officer whose signature appears
<br />below (hereinafter called "City"), and KIMBERLY-CLARK CORPORATION, acting
<br />by and through its authorized officer whose signature appears below (hereinafter referred
<br />to as "Owner").
<br />
<br />WITNESSETH:
<br />
<br />'WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day
<br />of September, 2004, in Resolution No. 2004-164, elect to be eligible to participate in tax
<br />abatement agreements in order to maintain and enhance the commercial and industrial
<br />economic and employment base of the Paris area for the long term interest and benefit of
<br />the City and its citizens; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day
<br />of September, 2004, in Resolution No. 2004-165, pass and adopt a policy on tax
<br />abatement incentives; and,
<br />
<br />WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of
<br />May, 2006, pass Ordinance No.2006- 020, (hereinafter referred to as the
<br />"ORDINANCE") establishing a Reinvestment Zone in the City of Paris, Texas
<br />(the"Reinvestment Zone"), for commercial and industrial tax abatement, as authorized by
<br />the Property Redevelopment and Tax Abatement Act, Chapter 312, Texas Property Tax
<br />Code, as amended (the "Act"); and,
<br />
<br />\VHEREAS, in accordance with the Act, with proper notice to the public, a public
<br />hearing to consider the Ordinance was held on May 8, 2006, during a regular meeting of the
<br />City Council, City Council Chambers, Central Fire Station, located at 107 East Kaufman
<br />Street, Paris, Texas, during which all interested persons were allowed to appear and be
<br />heard; and,
<br />
<br />\VHEREAS, the City Council of the City of Paris did heretofore, on the 1zth day of
<br />December, 2005, in Resolution No. 2005-144, as amended by Resolution No. 2006-042,
<br />dated March 13, 2006, pass and adopt appropriate guidelines and criteria governing tax
<br />abatement agreements to be entered into by the City as required by the Property
<br />Redevelopment and Tax Abatement Act, as amended;
<br />
<br />\VHEREAS, the Property, as hereinafter defined, is situated within and is identical
<br />in location and configuration with the Reinvestment Zone; and the contemplated use of the
<br />
<br />EXHIBIT A.
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