1999-056-CAMPBELL SOUP, ENTERPRISE PROJECT
RESOLUTION NO. 99-056
WHEREAS, the Texas Department of Economic Development (the "Department")
designated the City of Paris Enterprise Zone (the "Zone") on November 13, 1997; and,
WHEREAS, the Department will consider Campbell Soup Company ("Campbell's") as
an enterprise project pursuant to a nomination and an application made by the City of Paris, Paris,
Texas (the "City"); and,
WHEREAS, the City desires to pursue the creation of the proper economic and social
environment in order to induce the investment of private resources in productive business
enterprises located in the Zone and to provide employment to residents of the Zone and to other
economically disadvantaged individuals; and,
WHEREAS, pursuant to Chapter 2303, Subchapter F of the Texas Enterprise Zone Act,
Texas Government Code (the "Act"), Campbell's has applied to the City for designation as an
enterprise project; and,
WHEREAS, the City finds that Campbell's meets the criteria for designation as an
enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds:
1. Campbell's is a "qualified business" under Section 2303.402 of the Act
since it will be engaged in the active conduct of a trade or business in the
Zone and at least twenty-five percent (25%) of the business' new
employees will be residents of a Zone within the City's jurisdiction or
economically disadvantaged individuals;
2. Campbell's is located in the Zone, or has made a substantial commitment
to locate in the Zone, which has an unemployment rate of not less than one
and one-half (1-1/2) times the state unemployment rate;
3. There has been and will continue to be a high level of cooperation between
public, private, and neighborhood entities within the Zone; and
4. The designation of Campbell's as an enterprise project will contribute
significantly to the achievement of the plans of the City for development
and revitalization of the Zone; and,
WHEREAS, the City finds that Campbell's meets the criteria for tax relief and other
incentives adopted by the City and nominates Campbell's 011 the grounds that it will be located
wholly within the Zone and will create a higher level of employment, economic activity, and
stability; and,
WHEREAS, the City finds that it is in the best interest of the City to nominate Campbell's
as an enterprise project pursuant to the Act; NOW, THEREFORE,
BE IT RESOLVED BY THE CITV COUNCIL OF THE CITY OF PARIS, PARIS,
TEXAS, that the findings of the City and its actions approving this resolution taken at the council
meeting are hereby approved and adopted; and,
BE IT FURTHER RESOLVED, that Campbell Soup Company is a "qualified business,"
as defined in Section 2303.402 of the Texas Enterprise Zone Act and meets the criteria for
designation as an enterprise project as set forth in Section 2303, Subchapter F of the Act; and,
BE IT FURTHER RESOLVED, that the enterprise project shall take effect on the date
of designation of the enterprise project by the Texas Department of Economic Development and
terminate five (5) years after that date of designation.
PASSED AND AOOPTED this 10th day of May, 1999.
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Charles H. Neeley, Mayor
ATTEST:
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Mattie Cunningham, City Clerk
APPROVED AS TO FORM:
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Scott P. Foster, City Attorney