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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in a Section 2. That the Policy Statement, Criteria and Guidelines for Tax Abatement :he City of Paris, Texas as previously adopted by City Council Resolution Nos. 2005-144 l 2006-042 is hereby readopted and extended for two years or until such time that they further amended by the City Council Section 3. That the terms and conditions of the proposed Tax Abatement between th City of Paris and Campbell Soup Supply Company LLC (Tax Abatement No. 16), having be n reviewed by the City Council of the City of Paris and found to be acceptable and in the be t interests of the City of Paris and its citizens, be, and the same are hereby, in all things, ap roved. Section 4. That the Mayor is hereby authorized to execute the AGREEMENT and all other documents in connection therewith on behalf of the City of Paris substantially ac Zbit rding to the terms and conditions set forth in the AGREEMENT attached hereto as Ex "A". Section 5. That, by hereby granting the tax abatement, there will be no su stantial adverse effect on the provision of City services or on its tax base. Section 6. That the planned use of the property the subject of the tax abatement wil not constitute a hazard to public safety, health, or morals. Civ by; Section 7. That this approval and execution of the AGREEMENT on behalf of the is not conditional upon approval and execution of any other tax abatement agreement ny other taxing entity. Section B. That this resolution shall be effective from and after its date of passage. PASSED AND ADOPTED this the 24th day of November, 2008. AT EST: . F n Ellis, City Clerk AP ROVED AS TO FORM: W. ~ent McIl~ar; City Attorney