2006-072-RES-Tax Abatement Kimberely Clark Tax Abatement

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CERTIFICATE OF COMPLETION STATE OF TEXAS } COUNTY OF LAMAR } CITY OF PARIS } The City of Paris has included the Property described in Exhibit A attached hereto into Reinvestment Zone Number 15 and executed a tax abatement Agreement with KIMBERLY-CLARK CORPORATION for certain Improvements or repairs. KIMBERLY-CLARK CORPORATION has complied with all terms of the tax abatement Agreement and the City of Paris herein verifies that the Improvements agreed to be built or used were in fact completed, as provided. NOW, THEREFORE, the City of Paris authorizes that the Property described herein shall receive a tax abatement for a term of seven (7) years, consisting of (a) an abatement of 100% of the taxes assessed upon the increased value of the Improvements over the value in the year in which the tax abatement Agreement was executed for a duration of four (4) years, beginning January, 1, 2008; (b) an abatement of 80% of the taxes assessed upon the increased value of the Improvements over the value in the year in which the tax abatement Agreement was executed for a duration of one (1) year, occurring in the fifth year of the seven year term; (c) an abatement of 60% of the taxes assessed upon the increased value of the Improvements over the value in the year in which the tax abatement Agreement was executed for a duration of one (1) year, occurring in the sixth year of the seven year term; and (d) an abatement of 40% of the taxes assessed upon the increased value of the Improvements over the value in the year in which the tax abatement Agreement was executed for a duration of one (1) year, occurring in the seventh year of the seven year term. Commencing January 1,2015, the Property will be taxed at its then existing market value without any tax abatement. APPROVED this _ day of ,2006. MAYOR, CITY OF PARIS, TEXAS ATTEST: By: City Clerk