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2013-016 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH JAMES SKINNER CO
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2013-016 RES APPROVING AND AUTHORIZING TAX ABATEMENT AGREEMENT WITH JAMES SKINNER CO
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1/25/2017 11:29:00 AM
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6/3/2013 9:17:58 AM
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CITY CLERK
CITY CLERK - Date
4/22/2013
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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 <br />hereto in a Reinvestment Zone, and has executed and delivered a Tax Abatement Agreement <br />with The James Skinner Co., a Nebraska corporation (the "Company"}, for certain improvements <br />and other equipment (the "Improvements") to be installed at the Company's baking goods <br />manufacturing plant located in Paris, Lamar County, Texas. <br />The James Skinner Co. has complied with all of the terms of the Taa� Abatement <br />Agreement, and the City of Paris herein verifies that the Improvements agreed to be built, <br />installed and used have in fact been completed as provided for in the Tax Abatement Agreement. <br />NOW THEREFORE, the City of Paris authorizes that the Properiy described in Exhibit <br />A attached hereto shall receive a tax abatement during each year of the Tax Abatement <br />Agreement, with tax abatement commencing in the year, 2014, equal to 100% of the ta�ces <br />assessed upon the increased value of the real and personal property of the Company located on <br />Loop 286 in Paris, Texas, over the value at which the property was last appraised on January l�` <br />2013, which is the year in which the Tax Abatement Agreement was executed, as recited in the <br />Tax Abatement Agreement. The tax abatement will extend for a duration of ten (10) years, with <br />the tax abatement beginning January 1, 2014, and ending December 22, 2023. <br />APPROVED this day of , 20_. <br />Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />City Attorney <br />
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