2014-006 - Approving an Economic Incentive Agreement between the Paris Economic Development Corporation and Campbell Soup Supply Company, LLC

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7. Campbell Soup shall provide all documentation required by Paris EDC to verify that the $25,000,000.00 new Capital Investment was made in the Paris, Texas Facility and that 50 new full -time equivalent (FTE) jobs were filled at the Paris, Texas Facility by December 31, 2013. 8. Campbell Soup shall provide annual compliance statements to Paris EDC, in a form acceptable to Paris EDC, that verify that Campbell Soup is full compliance with all terms and conditions of this Agreement. B. Campbell Soup Represents to Paris EDC the following: 1. Campbell Soup has filed all necessary plats, site plans and building permit applications with the City of Paris, Texas ( "City ") to construct and complete the Capital Investment (SS Juice line); it has pulled all necessary building permits, and complied with all City ordinances, building and development codes in making the improvements to its Property in Paris, Texas. 2. Campbell Soup shall provide annual compliance statements to Paris EDC by January 31" of each year that verify that all FTE jobs referenced herein are still in place and filled at the Paris, Texas Facility. Campbell Soup agrees to provide any other personnel records, payroll records, documents, reports or affidavits deemed necessary by Paris EDC to verify minimum employment /retention requirements at the Paris facilities. Campbell Soup shall provide these additional verification documents to Paris EDC within fifteen (15) days following request from Paris EDC. 3. For purposes of this Agreement, a full -time equivalent job ( "FTE ") shall mean employment by Campbell Soup at the Property for a person eligible to receive employee benefits. 4. Campbell Soup will pay all taxes when due, including, but not limited to: federal employment, payroll and Medicare taxes on its employees; all state and local sales and use taxes and excise and franchise taxes; and all ad valorem taxes on all real and personal property. In the event Campbell Soup should fail to pay any of the lawfully imposed taxes or fees referred to above when due, plus any penalties, interest, costs or attorney's fees lawfully imposed, Campbell Soup shall be considered in default of this Agreement and Paris EDC may terminate this Agreement and pursue recovery of any and all economic incentives provided to Campbell Soup under this Agreement plus any other rights it may have in equity or under the law. 5. Campbell Soup agrees not to employ undocumented workers at its Paris, Texas Facility. Should Campbell Soup be convicted of a violation under 8 U.S.C. Section 1324a(f) regarding the employment of undocumented workers during the term of this Agreement, it shall be deemed in default and subject to termination of Agreement and reimbursement of Economic Incentive funds as provided herein.