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11-APPROVE ABATEMENT REQUEST OF CAMPBELL SOUP
City-of-Paris
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08 August
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08.27.12
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11-APPROVE ABATEMENT REQUEST OF CAMPBELL SOUP
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8/23/2012 3:09:06 PM
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CERTIFICATE OF COMPLETION <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS <br />The City of Paris, Texas, has executed and delivered a Tax Abatement Agreement dated <br />August 27, 2012, with CAMPBELL SOUP SUPPLY COMPANY LLC for certain equipment <br />(the "Improvements") to be installed at the corporation's plant in Paris, Texas, located within the <br />PROPERTY described in Exhibit A, attached hereto and made a part hereof for all purposes, <br />which PROPERTY is located within an ENTERPRISE ZONE established by the United States <br />Census in 2010. <br />CAMPBELL SOUP SUPPLY COMPANY LLC has complied with all of the terms of the <br />Tax Abatement Agreement, and the City of Paris herein verifies that the Improvements agreed to <br />be built, installed and used have in fact been completed as provided for in the Tax Abatement <br />Agreement. <br />NOW THEREFORE, the City of Paris authorizes that the Property described in Exhibit A <br />attached hereto shall receive a tax abatement of 100% of the taxes assessed upon the increased <br />value of the Improvements so installed over the value in the year, 2013, for a duration of seven <br />(7) years, commencing as of January 1, 2014, and ending December 31, 2020. <br />APPROVED this day of , 20_ <br />Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />City Attorney <br />69 <br />
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