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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TH STATE OF TEXAS ) ) CO NTY OF LAMAR ) TAX ABATEMENT AGREEMENT This agreement is entered into by and between the CITY OF PARIS, TEXAS, a home- rule municipal corporation, situated in Lamar County, Texas, acting by and through its auth rized officer whose signature appears below (hereinafter called "CITY"), and CA PBELL SOUP SUPPLY COMPANY LLC, acting by and through its authorized officer who e signature appears below (hereinafter referred to as "OWNER"). WITNESSETH: WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of Sept mber, 2004, by Resolution No. 2004-164, elect to be eligible to participate in tax abatement agre ents in order to maintain and enhance the commercial and industrial economic and empl yment base of the Paris area for the long term interest and benefit of the City and its citiz ns; and, _ WHEREAS, the City Council of the City of Paris did heretofore, on the 12t' day of Dece ber, 2005, by Resolution No. 2005-144, as amended by Resolution No. 2006-042, dated Mar 13, 2006, pass and adopt a policy on tax abatement incentives and appropriate guidelines and riteria governing tax abatement agreements to be entered into by the CITY as required by the P operty Redevelopment and Tax Abatement Act, as amended; WHEREAS, on November 24, 2008, the City Council of the City of Paris, Texas read pted and extended the Policy, Guidelines and Criteria for Tax Abatement Incentives for an addit onal two years or until such time they are further amended by Council; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 4th day of Dece ber, 1997, following public hearings as required by law, pass Resolution No. 97-143, estab ishing an Enterprise Zone in the City of Paris, Texas to encourage appropriate investments by t e industrial and business community and to provide tax incentives within the zone to encvo rage said investment as authorized by the Texas Enterprise Zone Act, Chapter 2303, Texas Go ment Code, as amended (the "Act"); and WHEREAS, the PROPERTY, as defined herein, upon which the IMPROVEMENTS are to be located is situated within the Enterprise Zone and the contemplated use of the PROPERTY and I PROVEMENTS; as hereinafter defined, in the amount as set forth in this AGREEMENT, and t e other terms hereof are consistent with encouraging development of said Enterprise Zone in ac ordance with the purposes for which it was created and are in compliance with the CITY's polic on tax abatement incentives and the ordinance creating such Enterprise Zone adopted by the C TY and all applicable laws. TAX AI3ATEMENT AGREEMENT - Pa;e 1 EXHIBIT A