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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by an authorized representative of OWNER, which contains the following information: (a) Copy of the printout from the Lamar County Appraisal District showing the market value of the PROPERTY prior to the construction of the IMPROVEMENTS; (b) Detailed description of IMPROVEMENTS; (c) Detailed description of any miscellaneous items of office equipment and the actual cost of such added office equipment; (d) Copy of or identification of plans and specifications of constructed improvements and the location of the same for inspection by CITY's certification team; (e) Detailed list of and actual cost of added machinery and equipment; (o Actual cost of capital IMPROVEMENTS; and, (g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph 3.1 hereof. . 11.2 The OWNER further agrees that it will provide CITY with an . annual, sworn repo which contains the following information: (a) the name of each original hiree in the newly crea ed job, date of hire, and place of residence of the hiree, and (b) statement as to whether or not t e fifty-seven (57) new, permanent, full time jobs are still in existence and filled, and (c) the nam of the current employee in the pewly created job, date of hire, and place of residence of the hire . Additionally, OWNER shall certify, in writing, that it is in compliance with each appl cable term of this AGREEMENT. Such annual report shall be furnished on the forms prov ded by the City and attached hereto as Exhibit D. 11.3 In addition to the annual report required under Section 11.2 hereof, the OWNER agrees that it will provide CITY a copy of its Texas Workforce Commission Employer's •ly Report within thirty (30) days of its filing of the same with the Texas Workforce XII. Authority to Contract 12.1. This AGREEMENT was authorized by resolution of the City Council at its regu arly scheduled meeting on the 24th day of November, 2008, authorizing the Mayor to exec te the AGREEMENT on behalf of the CITY. COT who 12.2 This AGREEMENT was entered into by CAMPBELL SOUP SUPPLY ANY LLC (PARIS PLANT) pursuant to the authority granted to the authorized official signature appears below. TAa ABATEMENT AGREEMENT - Page 7