2012-075 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH CAMPBELL SOUP

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and signed by a designated 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 the IMPROVEMENTS; (c) Detailed description of any miscellaneous items of office equipment and the actual cost of such added office equipment; (d) Copy of or improvements and certification team; identification of plans and specifications of constructed the location of the same for inspection by CITY's (e) Detailed list of and actual cost of added machinery and equipment; ( fl 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 report which shall certify, in writing, that it is in compliance with each applicable term of this AGREEMENT. Such annual report shall be furnished on the forms provided by the City. 11.3 In addition to the annual report required under Section 11.2 hereof, the OWNER further agrees that it will provide CITY a copy of its Texas Workforce Commission Employer's Quarterly Report within thirty (30) days of its filing of the same with the Texas Workforce Commission. XII. Authority to Contract 12.1. This AGREEMENT was authorized by resolution of the City Council at its regularly scheduled meeting on the 27th day of August, 2012, authorizing the Mayor to execute the AGREEMENT on behalf of the CITY. 122 This AGREEMENT was entered into by CAMPBELL SOUP SUPPLY COMPANY LLC (PARIS PLANT) pursuant to the authority granted to the authorized official whose signature appears below. 12.3. This AGREEMENT shall constitute a valid and binding AGREEMENT between the CITY and OWNER when executed in accordance herewith, regardless of whether any other taxing unit executes a similar agreement for tax abatement. XIII.