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<br />CERTIFICATE OF COMPLETION <br /> <br />STATE OF TEXAS } <br />COUNTY OF LAMAR } <br /> <br />CITY OF PARIS } <br /> <br />The City of Paris has included the property described in Exhibit A and shown by plat in <br />Exhibit B, attached hereto, into Reinvestment Zone Number 1998-1 and executed a tax abatement <br />agreement with Panda Paris Power, LLP for certain improvements or repairs. <br /> <br />Panda Paris Power, LLP has complied with all terms of the tax abatement agreement and <br />the City of Paris herein verifies that the improvements agreed to be built or used were in fact <br />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 seven (7) years, beginning January 1, 1999. <br /> <br />APPROVED this _ day of <br /> <br />Charles H. Neeley, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />Scott P. Foster, City Attorney <br /> <br />Exhibit C <br />