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DRAFT
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<br />F:kAttorney\LisakResolutions\CURRENT\Turner - Amendment No. 1 Res.wpd
<br /> February 4, 2004
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<br />RESOLUTION NO.
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<br />A RESOLUTION OF THE CITY OF PARIS, PARIS, TEXAS, APPROVING
<br />AND AUTHORIZING AMENDMENT NO. ONE TO TAX ABATEMENT
<br />AGREEMENT BETWEEN THE CITY OF PARIS, PARIS, TEXAS, AND
<br />TURNER INTERNATIONAL PIPING SYSTEMS, INC. DATED FEBRUARY
<br />18, 1999; MAKING OTHER FINDINGS AND PROVISIONS RELATED TO
<br />THE SUBJECT; AND DECLARING AN EFFECTIVE DATE.
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<br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of
<br />February, 1999, in Ordinance No. 99-011, establish Reinvestment Zone No. 7 in the City of
<br />Paris for commercial and industrial tax abatement as authorized by the Property Redevelopment
<br />and Tax Abatement Act, as amended, being V.T.C.A. Tax Code, Chapter 312; and,
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<br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of
<br />February, 1999, in Resolution No. 99-016, pass and adopt a policy on tax abatement incentives;
<br />and,
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<br /> WHEREAS, the City Council of the City of Paris did heretofore, on the 18th day of
<br />February, 1999, in Resolution No. 99-024, authorize the execution of a Tax Abatement
<br />Agreement with Turner International Piping Systems, Inc., and,
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<br /> WHEREAS, on November 20, 2003, Turner International Piping Systems, Inc. adopted
<br />Articles and Conversion, to be effective December 31, 2003, converting Turner International
<br />Piping Systems, Inc. into Turner International Piping Systems, L.L.C., and the terms of said Tax
<br />Abatement Agreement are in need of revision to reflect such conversion; and,
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<br /> WHEREAS, the form of Amendment No. One to Tax Abatement Agreement Between
<br />the City of Paris, Paris, Texas, and Turner International Piping Systems, Inc. Dated February 18,
<br />1999, attached hereto as Exhibit A, should in all things be approved and the Mayor should be
<br />authorized the execute the same; NOW, THEREFORE,
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<br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS,
<br />TEXAS:
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<br /> Section 1. That the findings set out in the preamble to this resolution are hereby in all
<br />things approved.
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<br /> Section 2. That the form of Amendment No. One to Tax Abatement Agreement Between
<br />the City of Paris, Paris, Texas, and Turner International Piping Systems, Inc. Dated February 18,
<br />1999, attached hereto as Exhibit A, be, and the same is hereby, approved.
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