2012-088 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH ESSENT PRMC LP DBA PARIS REGIONAL MEDICAL CENTER

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THE STATE OF TEXAS ) ) COUNTY OF LAMAR ) TAX ABATEMENT AGREEMENT This Tax Abatement Agreement (the "Agreement") is entered into by and between the CITY OF 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 ESSENT PRMC, L.P., a limited partnership (d/b/a Paris Regional Medical Center), acting by and through its authorized officer whose signature appears below (hereinafter referred to as "Owner"). WITNESSETH: Recitals Regarding Northward Bound Proiect WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of August, 2011, pass Ordinance No. 2011-035, (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 ESSENT PRMC, L.P. (d/b/a Paris Regional Medical Center) to the Office of the Governor Economic Development and Tourism through the Economic Development Bank for Designation as a qualified 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, the Enterprise Project described in the ORDINANCE and above, in this Agreement (hereinafter called the "Northward Bound Project"), qualified as an Enterprise Zone Project by verbal communication from the Office of the Governor of the State of Texas (Economic Development & Tourism), made to the City of Paris, Texas, and to the Owner, in January, 2012, which Enterprise Project covered the real property and improvements in Paris, Lamar County, Texas, described in Exhibit A, attached hereto and made a part hereof, as is shown in the U.S. Census Bureau website on Exhibit B, attached hereto and made a part hereof for all purposes; and WHEREAS, under the Texas Enterprise Zone Act (Texas 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 8 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�' day of August, 2012, in Resolution No. 2012-072, pass and adopt appropriate Guidelines and 1X�1 •�, � '�� /