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2012-073 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH KIMBERLY-CLARK CORPORATION
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2012-073 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH KIMBERLY-CLARK CORPORATION
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10/16/2012 12:23:55 PM
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10/16/2012 12:23:53 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 included the Property described in Exhibit A attached hereto <br />into an Enterprise Zone established by Ordinance No. 2011-026 on August 8, 2011, and has <br />executed and delivered a Tax Abatement Agreement with KIMBERLY-CLARK CORPORATION <br />for certain new equipment to be installed at the corporation's plant in Paris, Texas (The <br />"Improvements"). <br />KIMBERLY-CLARK CORPORATION HAS COMPLIED WITH ALL OF THE TERMS <br />OF THE Tax <br />Abatement Agreement, and the City of Paris herein verifies that the Improvements agreed to be <br />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 value <br />of the Improvements so installed over the value in the year in which the Tax Abatement Agreement <br />was executed, for a duration of ten (10) years, beginning January 1, 2013. <br />APPROVED this day of , 20 <br />A.J. Hashmi, M.D., Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />
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