2012-073 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH KIMBERLY-CLARK CORPORATION

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� THE STATE OF TEXAS ) ) COUNTY OF LAMAR ) TAX ABATEMENT AGREEMENT 0 This Tax Abatement Agreement (the "Agreement") is entered into by and between the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, situated in Lamar County, Texas, acting by and through its authorized officer whose signature appears below (hereinafter called "City"), and HIMBERLY-CLARK CORPORATION, acting by and through its authorized officer whose signature appears below (hereinafter referred to as "Owner"). WITNESSETH: WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of August, 2011, pass Ordinance No. 2011-026, (hereinafter referred to as the "ORDINANCE") authorizing the City of Paris to participate in the Texas Enterprise Zone Program under the Texas Enterprise Zone Act, Chapter 2303 of the Texas Government Code (the "Act"); providing tax incentives; nominating Kimberly-Clark Corporation to the Office of the Governor Economic Development and Tourism through the Economic Development Bank for Designation as a qualified business and Double Jumbo Enterprise Project under the Act; designating a liaison for overseeing Enterprise Projects and communicating with interested parties; making other findings and provisions related to the subject; and declaring an effective date; and WHEREAS, an Enterprise Zone Project Designation was granted for the "project" described in the ORDINANCE and in this Agreement (hereinafter called the "Project") by letter addressed to the City of Paris, Texas, and to the Company, dated December 30, 2011, by the Office of the Governor of the State of Texas (Economic Development & Tourism), in which a project designation number of EP811-090111-P was assigned to this Project; and WHEREAS, under the Texas Enterprise Zone Act (Government Code Chapter 2303), the designation of an area as an Enterprise Zone also constitutes designation of the area as a reinvestment zone (the "Reinvestment Zone"); and the City of Paris, Texas, ordained in Section 9 of the ORDINANCE that the Enterprise Zone areas within the City (in which this Project is located) are Reinvestment Zones under the provisions of the Texas Tax Code, Chapter 312; and WHEREAS, the City Council of the City of Paris did heretofore, on the 13`h day of August, 2012, in Resolution No. 2012-072, dated August 13, 2012, pass and adopt appropriate Guidelines and Criteria governing tax abatement agreements to be entered into by the City as required by the Property Redevelopment and Tax Abatement Act, as amended;