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<br />XII. <br />Authority to Con,tract <br /> <br />12.1. This AGREEMENT was authorized by resolution of the City Council at its regularly <br />scheduled meeting on the 12th day of March, 2001, authorizing the Mayor Pro Tern to execute the <br />AGREEMENT on behalf of the CITY. <br /> <br />12.2 This AGREEMENT was entered into by Sesaco Corporation pursuant to the authority <br />granted to the authorized official whose signature appears below. <br /> <br />12,3. This AGREEMENT shall constitute a valid and binding AGREEMENT between the <br />CITY and OWNER when executed in accordance herewith, regardless of whether any other taxing <br />unit executes a similar agreement for tax abatement. <br /> <br />XIII. <br />Legal <br /> <br />13.1 No officer, official or agent of the CITY has the power to amend, modify or alter this <br />AGREEMENT or waive any of its conditions or to bind the CITY by making any promise or <br />representation not contained herein. <br /> <br />13.2 This AGREEMENT, except by operation of law, shall not be assigned or transferred <br />by OWNER, without the prior written consent of CITY, which consent shall be at the sole discretion <br />of the CITY. <br /> <br />13.3 Any written notice required or permitted under the terms of this AGREEMENT shall <br />be given and be deemed to have been duly served if either (1) delivered in person, or (2) deposited <br />certified mail, return receipt requested, postage prepaid in the United States mail, addressed to the <br />designated representative of the respective parties which are designated as follows: <br /> <br />OWNER <br />Glenn C. Smith <br />Sesaco Corporation <br />700 W. Center Street <br />Paris, Texas 75460 <br /> <br />CITY <br />City Manager <br />City of Paris <br />P. O. Box 9037 <br />Paris, Texas 75461-9037 <br /> <br />With a copy to: <br />Tina Langham-Smith <br />Sesaco Corporation <br />700 W. Center Street <br />Paris, Texas 75640 <br /> <br />With a copy to: <br />City Clerk <br />City of Paris <br />P. O. Box 9037 <br />Paris, Texas 75461-9037 <br /> <br />TAX ABATEMENT AGR.:EMENT. Page 7 <br />