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<br />"V. <br />"Consideration <br />"Jobs <br /> <br />"5.1. Not later than June 1, 1998, CAMPBELL will prevent the loss of <br />one hundred forty-six (146) permanent jobs at the Paris Plant for work to be <br />performed substantially either (a) at the site of the Improvements, or (b) in support <br />of operations performed by others at the site of the IMPROVEMENTS. Such jobs <br />to be filled with priority being given to promote among equally qualified job <br />applicants the hiring of employees first from within the Enterprise Zone, second <br />from within the corporate limits of the City of Paris, and third from within the <br />County of Lamar, State of Texas, subject to the laws and regulations of the United <br />States of America and the State of Texas and subject to any labor contracts <br />currently in effect and any successive contracts or past practices. <br /> <br />"5.2. OWNER agrees that, during that portion of the term of the <br />AGREEMENT occurring subsequent to January 1, 1994, ending December 31, <br />2000, it will not reduce below one hundred forty-six (146) the number of such <br />permanent jobs so retained related to or in support of the two-piece can <br />manufacturing operation." <br /> <br />"VII. <br />"Tax Abatement <br /> <br />"7.1 It is understood and agreed among the parties that the PROPERTY, <br />also known as Tax Reinvestment Zone Number Four, shall be appraised at market <br />value prior to the construction and installation of the IMPROVEMENTS for the <br />purposes of property tax assessment effective January 1, 1994, and continued at <br />market value without said IMPROVEMENTS until the expiration of this <br />AGREEMENT. The CITY, acting under and pursuant to the said Texas Property <br />Redevelopment and Tax Abatement Act, hereby covenants and agrees to abate: <br /> <br />"(a) all CITY real property taxes that would otherwise be <br />payable with respect to the IMPROVEMENTS, and <br /> <br />"(b) all CITY personal property taxes that would otherwise be <br />payable with respect to all personal property, save and except <br />inventory and supplies, that is brought onto the PROPERTY <br />described by metes and bounds and depicted on the plat attached <br />hereto as Exhibit "A," as a part of the improvement project herein <br />described, <br /> <br />Page 2 of 3 <br />