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2001-020-RES APPROVING/AUTHORIZING TAX ABATEMENT AGREEMENT WITH SESACO CORP
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2001-020-RES APPROVING/AUTHORIZING TAX ABATEMENT AGREEMENT WITH SESACO CORP
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Last modified
8/18/2006 4:29:28 PM
Creation date
8/7/2001 2:34:19 PM
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CITY CLERK
Doc Name
2001
Doc Type
Resolution
CITY CLERK - Date
3/12/2001
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<br />CERTIFICATE OF COMPLETION <br /> <br />i <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 No.9 and executed a tax abatement agreement with Sesaco Corporation for <br />certain improvements or repairs. <br /> <br />Sesaco Corporation has complied with all terms of the tax abatement agreement and the City <br />of Paris herein verifies that the improvements agreed to be built or used were in fact completed, as <br />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 improvements <br />over the value in the year in which the tax abatement agreement was executed for a duration of seven <br />(7) years, beginning January 1,2002. <br /> <br />APPROVED this _ day of <br /> <br />,-' <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />Larry W. Schenk, City Attorney <br /> <br />E;XHI81T <br /> <br />" <br />J <br />
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