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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h; C ity in connection therewith to third parties; and OWNER agrees to indemnify and hold less the CITY therefrom. It is further understood and agreed among the parties that the in perfoiming its obligations hereunder, is acting independently, and the OWNER nes no responsibility or liability in connection therewith to third parties and, to the extent issible by law, the CITY agrees to indemnify and hold harmless the OWNER therefrom. X. Compliance Provisions 10.1 The OWNER agrees that the CITY, its agents and employees, shall have the reas nable right of access to records concerning the OWNER's investment in the IMP OVEMENTS for the purpose of conducting an audit of the project improvements and proj ct costs. Any such audit sliall be made only after giving the OWNER notice at least fou en (14) days in advance and will be conducted in such a manner as to not unreasonably inter ere with the operation of the facility. Upon request, the OWNER will provide the CITY with a detailed Asset Report with an itemized list of assets placed into service from the date of exec tion of this AGREEMENT to December 31, 2019. The Asset Report will provide the date on hich the asset was capitalized, the acquisition amount, and the accumulated depreciation amo nt. At the CITY's request, the OWNER will provide actual invoices to support the amo nts shown on the Asset Report. 10.2 The OWNER further agrees that the CITY, its agents and employees, shall have reas nable right of access to the PROPERTY to inspect the IMPROVEMENTS in order to insure that he construction of the IMPROVEMENTS are in accordance with this AGREEMENT and all a plicable state and local laws and regulations or valid waiver thereof. After completion of the PROVEMENTS, the CITY,shall have the continuing right to inspect the PROPERTY to insu e that it is thereafter maintained and operated in accordance with this AGREEMENT during the erm of the AGREEMENT, and OWNER shall provide evidence as to the creation of the fifty seven (57) new, permanent, full time jobs described in this AGREEMENT. All inspections will e made only after giving the OWNER notice at least seventy-two (72) hours in advance and such inspections shall be conducted in such a manner so as not to interfere with the operation of the cility. Representatives of the CITY inspecting the PROPERTY and improvements shall be acco panied by one (1) or more representatives of the OWNER and shall sign an agreement pro ising to maintain the confidentiality of any information they obtain in connection therewith exc t for the purposes of assessing and collecting ad valorem taxes and verifying or enforcing com liance with this AGREEMENT. Said representative shall also be required to observe any facil ty rule and regulation applicable to the PROPERTY. Nothing herein shall be construed as limi ing the CITY's ability to perform inspections or to enter the PROPERTY the subject of this AG EEMENT. XI. Initial and Annual Reporting the 11.1 The OWNER further agrees that it will, within thirty (30) days of completion of 'ROVEMENTS, provide CITY with a sworn report, written on company letterhead and TAX A6ATEMENT AGREEMENT - Page 6