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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XII. Pro osed Tax Abatement Ag-reements to be decided on an Individual Basis. The adoptio of these Guidelines by the City does not lim.it the discretion of the City Council to decide hether to enter into a specific tax abatement ab eement, or limit the discretion of the City Co cil to delecrate to its employees the authority to determuze whether or nytp ep i~ should onsider a particular application or request for tax abatement, or create an ro er , contract or other le~al right in any person or entity to have the City Council consider or b ant a specifie application or request for tax abatement. XIII. In pecfions. The ag-reement shall stipulate that employees and/or desib ated represe tatives of the City will have access to the Reinvestrnent Zone during the term of the agreem nt to inspect the Authorized Facility to determuze if the terms and conditions of dze agreem nt are being met. All inspections willbe made only after the giving of at least twenty- four (2 hours' prior notice artd will only be conducted in such a manner as to not unreas nably interfere with t11e construction and/or operation of the Authorized Facility. A11 inspec 'ons will be made with one or more representatives of the company or indivi.dual and in accord ce with its safety standards. Facility Upon c mpletion of construction, the City shall annually evaluated a oAu o1° ibledviol tio of receiv' g abatement to ensure compliance with tlze agreement ~ p P the agr ement to the City Council. xlv.r under incluc provi: s the sa ab ee: the at XV. p Facili No as XVI. aba odifications of Agreement. At any time before the expix'ation of an agreement made hese Guidelines, the agreement may be inodified by the partses to the agreement to other provisions that could have been included in oribinal agreement or to delete ms that were contained in the original agz'eement. The modification must be made by ori ie procedure by which the origmal agreement wa {e P of the a eement or, tlie term of ~ ent, however, may not be rnodified to extend the b tement asited therein beyond the time permitted by state law. signment. An agreement rnay be assigned to a new owner or lessee of the Authorized only with the prior written consent of the City. -Any assignznent shall pro~%ide that the ~ ~e shall irrevocably and unconditionally asswne a11 the duties and obligations of the )r upon the same tern-Ls and conditions as set out in the agreement, and the City's ,al shall be subject to the determinatian of the financial capability of such assignee. Any nent of an agreement shall be to an entity that contemplates the same improvements or , to the Property, except to the extent such improvements or repairs have been completed. ignment shall be approved if the assignor or the assignee is indebted to the City for ad m taxes or other obligations, or if any event of default under the agreement remains Contract iZeview and Monitoring, and Reporting. a) The Paris Economic Development Corporation shall be primarily responsible for the islration, review, and monitoring of tax abatement agreements authorized by the City these Guidelines. These responsibilities shall include verifying that participants in tax lent ab eements are in fu11 compliance with the terms of the agg-reement. 12