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2014-006 - Approving an Economic Incentive Agreement between the Paris Economic Development Corporation and Campbell Soup Supply Company, LLC
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2014-006 - Approving an Economic Incentive Agreement between the Paris Economic Development Corporation and Campbell Soup Supply Company, LLC
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1/25/2017 10:53:25 AM
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CITY CLERK
CITY CLERK - Date
1/27/2014
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RESOLUTION NO. 2014 -006 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, <br />APPROVING AN ECONOMIC INCENTIVE AGREEMENT BETWEEN THE <br />PARIS ECONOMIC DEVELOPMENT CORPORATION AND CAMPBELL SOUP <br />SUPPLY COMPANY, LLC; MAKING OTHER FINDINGS AND PROVISIONS <br />RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. <br />WHEREAS, on August 14, 2012, the Paris Economic Development Corporation <br />entered into an Economic Incentive Agreement with Campbell Soup Supply Company, LLC <br />related to Campbell Soup's $25,000,000.00 investment in a new Single Serve Juice ( "SS <br />Juice ") line at the Paris, Texas Plant; and, <br />WHEREAS, pursuant to City and PEDC policy, the City Council shall review all <br />economic incentive agreements involving an expenditure in excess of $400,000.00; and <br />WHEREAS, the City Council hereby finds that it is in the best interest of the City to <br />approve the PEDC Economic Incentive Agreement with Campbell Soup for the new Single <br />Serve Juice ( "SS Juice ") line at the Paris, Texas plant. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble of this resolution are hereby <br />in all things approved. <br />Section 2. That the Economic Incentive Agreement dated August 14, 2012 <br />between the Paris Economic Development Corporation and Campbell Soup Supply <br />Company, LLC form, attached hereto as Exhibit "A ", is hereby ratified and approved. <br />PASSED AND ADOPTED this 27th day of J <br />TTEST: <br />nice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />W. Ken c ar, City Attorney <br />
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