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

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X. Defanit. If the City determines that the person or entity receiving an abatement is in default according to the terms and conditions of its agreement, the City shalI notify the company or individual in writing at ttte address stated in the agreement, and if such default is not cured wiihin a reasonable time specifted in such notice ("Cvre Period"), then the agreement may be modified or ierminated without further notice. In the event the company or individual allows its ad valorem taxes awed to the City to become deiinquent and fails to timely and properly follow the legaJ procedures for their protest and/or contest, or vio{ates any of the terms and conditions af the agreement and fails to cure during the Cure Period, the agreement then may be modified or terminated without further notice, and the agreement may provide a formula for recapture of all or part of the taxes abatcd. At any time before the expiration, any tax abatement agreement may be terminated by mutual consenf of all parties involved in the same manner that ihe agreement was executed. XI. Confidentiality of Proprietary Informati�n. Information that is provided to a taxing unit in connection with an application or requesr for tax abatement under these Guide4ines and that desaribes the specific processes or business aetiviiies to be conducted or the equipment or other property to be located on the Property for which t� abatement is sought is confidential and not subjeet to public ciisclosure until the agreement is executed. Such information in the custody of the City after the agreement is executed is not confidEntial under these Guidelines. XI.�. Proposed Tax Abatement Agreements to be decided on an Individual Basis. The adoption of ihese Guidelines by the City does not limit the discretion ofthe City Council to decide whether to enter into a specific tax abatemenf agreement, or ]imit the disaretion of the City Council to delegate to its employees the authority to determine whether or not the City should consider a particular application or request for tax abatement, or create any property, contract, or oiher iegal right in any person or entity to have the Ciiy Council consider or grant a specified application or requesi for tax abatement. XIII. Inspections. The agreement shall stiptalate that employees and/ or designated representatives ofthe City will have access to the Reinvestment Zone during the term of the agreement to inspect the Authorized Facility to deferrnine if the terms and conditions of the agreement are being met. All inspections will be made only after the giving of at least twenty-four (24} hours' prior notice and wiil only be conducted in such a mariner as to not unreasonably interfere with the construciion and/or operation of the Authorized Facility. AlI inspections wi11 he made with one or rnore representatives of the company or individual and in aecordance with its safety stanaards. Upon completion of construction, the City shall annually evalvate each Authorized Facilily receiving abatement to ensure compliance with the agreement and report possible violations ofthe agreement to the City Council.