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08-A Tax Abat Agree-Paris Wareh
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08-A Tax Abat Agree-Paris Wareh
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Last modified
8/29/2012 3:09:32 PM
Creation date
9/30/2004 2:22:16 PM
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AGENDA
Item Number
08-A Tax Abate Agr
AGENDA - Type
RESOLUTION
Description
Tax Abatement Agreement with Paris Warehouse 107, Inc.
AGENDA - Date
10/11/2004
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IV. <br />Consideration <br />Improvements <br />4.1 The OWNER agrees and covenants that it will diligently and faithfully, in a good and <br />workmanlike manner, pursue the completion of the IMPROVEMENTS. As a good and valuable <br />consideration of this AGREEMENT, OWNER further covenants and agrees that all construction of <br />the IMPROVEMENTS will be in accordance with all applicable state and local laws, codes and <br />regulations or will procure a valid waiver thereof. In further consideration, OWNER shall thereafter, <br />from the date a Certificate of Occupancy is issued until the expiration of this AGREEMENT, <br />continuously operate and maintain the PROPERTY as a packaging and warehousing facility. <br />V. <br />Consideration <br />Jobs <br />5.1 Not later than six months after completion, OWNER will retain at least thirty (30) <br />jobs at the Paris Plant for work to be performed substantially either (a) at the site of the <br />IMPROVEMENTS, or (b) in support of operations performed by others at the site of the <br />IMPROVEMENTS. Such jobs to be filled with priority being given to promote and/or retain among <br />equally qualified job applicants the hiring of employees first from within the Enterprise Zone, second <br />from within the corporate limits of the City of Paris, and third from within the County of Lamar, <br />State of Texas, subject to the laws and regulations of the United States of America and the State of <br />Texas and subject to any labor contracts currently in effect and any successive contracts or past <br />practices. <br />5.2 OWNER agrees that, during that portion of the term of the AGREEMENT occurring <br />subsequent to December 31, 2011, it will not reduce below thirty (30) the number of such jobs so <br />retained. <br />VI. <br />Default <br />6.1 In the event that (a) the IMPROVEMENTS for which an abatement has been granted <br />are not completed in accordance with this AGREEMENT or the expenditure for the <br />IMPROVEMENTS does not meet the amount required herein; or (b) the jobs required herein are not <br />maintained in accordance with this AGREEMENT; or (c) OWNER allows its ad valorem taxes owed <br />the CITY to become delinquent and fails to timely and properly follow the legal procedures for <br />protest or contest of any such ad valorem taxes; or (d) OWNER materially breaches any of the other <br />terms and conditions of this AGREEMENT, then this AGREEMENT shall be in default. In the <br />event the OWNER defaults in its performance of either (a), (b), (c), or (d) above, then the CITY shall <br />give the OWNER written notice of such default and if the OWNER has not cured such default with <br />sixty (60) days of said written notice, this AGREEMENT may be modified or terxninated by the <br />CITY. Notice shall be in accordance with paragraph 13.3. As liquidated damages in the event of <br />TAX ABATEMENI' AGREF,MENT - Page 3 <br />
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