2013-011 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH CAMPELL SOUP

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THE STATE OF TEXAS ) ) COUNTY OF LAMAR ) TAX ABATEMENT AGREEMENT This 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 CAMPBELL SOUP SUPPLY COMPANY LLC, 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 13th day of August, 2012, in Resolution No. 2012-07, elect to be eligible to participate in ta�c abatement agreements in order to maintain and enhance the commercial and industrial economic and employment base of the Paris area for the long term interest and benefit of the City and its citizens; 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 pursuant to the 2010 Census, the PROPERTY of the OWNER within City of Paris, Texas, is included within an ENTERPRISE ZONE, as is shown in the print-out from the Office of the Governor of the State of Texas on its website in Exhibit A, attached hereto and made a part hereof for all purposes; and WHEREAS, the contemplated use of the IMPROVEMENTS, as hereinafter defined, in the amount as set forth in this AGREEMENT upon and within the PROPERTY (herein called the PROJECT), and the other terms hereof are consistent with encouraging development of said Enterprise Zone in accordance with the purposes for which it was created and are in compliance with the CITY's policy on tax abatement incentives and the ordinance creating such Enterprise Zone adopted by the CITY and all applicable laws; and WHEREAS, the City Council of the City of Paris did heretofore, on the 13th day of August, 2012 in Resolution No. 2012-072, 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 Taa� Abatement Act, as amended; NOW, THEREFORE, The Parties hereto do mutually contract and agree as follows: 1