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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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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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8/21/2012 1:08:26 PM
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1/8/2009 2:21:34 PM
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CITY CLERK
Doc Name
2008-104-RES
Doc Type
Resolution
CITY CLERK - Date
11/24/2008
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Tax Abafiemenfi for PErsana! PrQperty; CrEation af JobS <br />Far Campbeil's Soup Company LLC <br />Exhibit B <br />~ 'i7a7CiQ;QElft.~ <br />, ..,6 <br />1 <br />1 ^1 QO°a 100.0% $ 17,700,000.00 <br />$ <br />17,700,000.00 <br />2 100% 100.0% $ 17,700,000.00 <br />$ <br />17,700,000.00 <br />3 100% 100.0% $ 171700,000.00 <br />$ <br />17,700,000.00 <br />4 80% gp.0°/a $ 17,700,000.00 <br />$ <br />14,160,000.00 <br />5 60% 60.0% $ 17,700,060.OQ <br />$ <br />10,620,000.00 <br />6 40% 40.0°~0 $ 17,7Q0,000.00 <br />$ <br />7,080,000.00 <br />7 20% 20.006 ' $ 17,.700,101''Ci .00 <br />$ <br />3,540,000.00 <br />8* 0% 0.0°!0 $ 17,700,000.00 <br />3 <br />- <br />' Starting the 8th year the company wili pay 100°!0 of their taxes. <br />This schedule shows how the originai abatement % is affected <br />specific year. (Example: During the first 3 years the company W~~l <br />for a <br />re ve <br />100% of the original abatement percentage. In year 4the cornpany wll <br />receive 80% of the original abatement percentage.) <br />
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