Laserfiche WebLink
CERTIFICATE OF COMPLETION <br />STATE OF TEXAS <br />COUNTY OF LAMAR <br />CITY OF PARIS <br />The City of Paris has included the property described in Exhibit A attached hereto into a <br />Reinvestment Zone, and has executed a Tax Abatement Agreement with POTTERS INDUSTRIES, <br />LLC, a Delaware limited liability company (the "company "), for certain improvements and other <br />equipment (the "improvements ") to be installed at the Company's bead manufacturing operation <br />located in Paris, Lamar County, Texas. for certain improvements or repairs. <br />Based on information provided by Company, City believes that the Company has complied with the <br />terms of the Tax Abatement Agreement through the date of this Certificate. The City also believes, <br />based on information provided by the Company, that the Improvements agreed to be built, installed <br />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 property described in Exhibit A <br />attached hereto shall receive a tax abatement during each year of the Tax Abatement Agreement, <br />with tax abatement commencing in the year, 2014, equal to 100% of the taxes assessed upon the <br />increased value of the real and personal property of the Company located in Paris, Texas, over the <br />value at which the property was last appraised on January 1 ", 2013, which is the year in which the <br />Tax Abatement Agreement was executed, as recited in the Tax Abatement Agreement. The tax <br />abatement will extend for a duration of ten (10) years, with the tax abatement beginning January 1, <br />2014, and ending December 31, 2023. <br />APPROVED this day of <br />A.J. Hashmi, M.D., Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Kent McIlyar, City Attorney <br />