2008-104-RES-Adopting and extending the policy statement criteria and guidelines for tax abatements for an additional two years, and approving and authorizing tax abatement agreement with campbell soup for a new juice line at the paris plant.

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RESOLUTION NO. 2008-104 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, ADOPTING AND EXTENDING THE POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENTS FOR AN ADDITIONAL TWO YEARS; AND APPROVING AND AUTHORIZING A TAX ABATEMEIVT AGREEMENT WITH CAMPBELL SOUP SUPPLY COMPAIVY LLC FOR A NEW JUICE MANUFACTURING LINE AT ITS PARIS, TEXAS PLANT; MAKING OTHER FINDIIVGS AND PROVISIONS RELATED TO THE SUBJECT; A1VD PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of De ember, 2005, by Resolution No. 2005-144, and as amended by Resolution No. 20 6-042, dated March 13, 2006, pass and adopt appropriate guidelines and criteria go erning tax abatement agreements to be entered into by the CITY as required by the Pr perty Redevelopment and Tax Abatement Act, as amended; WHEREAS, the City Council of the City of Paxis desires to adopt and extend the Pol cy Statement Criteria and Guidelines for Tax Abatement as previously adopted by City Co ncil Resolution Nos. 2005-144 and 2006-042 for an additional two (2) years or until suc other time that they are further amended by City Council action; and, WHEREAS, the City Council has been presented a proposed agreement by and be een the City of Paris, Texas and Campbell Soup Supply Company LLC, providing for a co mercial and industrial tax abatement for certain improvements to be made at Campbell So p's Paris, Texas plant, a copy of which is attached hereto and incorporated herein by ref rence hereinafter called "AGREEMENT"; and, WHEREAS, on the 24th day of November, 2008, a public hearing was held, and the Cit , at such public hearing, invited any interested person to appear and speak for or aga nst the requested tax abatement for Campbell Soup Supply Company LLC, identified as Tax Abatement No. 16; and, WHEREAS, upon full review and consideration of the AGREEMENT, and all matters att ndant and related thereto, the City Council is of the opinion that the terms and con itions thereof should be approved, and that the Mayor should be authorized to execute it o behalf of the City of Paris. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PA IS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in a 1 things approved.