26 - Tax Abatement Agreement for Lionshead Paris LLCItem No. 26
Memorandum
TO: Mayor, Mayor Pro Tem, and City Council
Grayson Path, City Manager
FROM: Stephanie H. Harris, City Attorney
SUBJECT: Tax Abatement Agreement for Lionshead Paris, LLC
DATE: June 27, 2022
BACKGROUND: On June 13, 2022, the City Council directed me to prepare a tax abatement
agreement for a new tax abatement with Lionshead Paris, LLC ("Lionshead").
Lionshead is an Indiana corporation new to Paris which plans to build an assembly and
warehousing plant for its business of assembling tire and wheel assemblies on property currently
owned by the Paris Economic Development Corporation in the Northwest Business Park on NW
Loop 286. PEDC will be entering a performance agreement with Lionshead as well by which
PEDC will be conveying the property to Lionshead subject to performance standards and claw
back provisions. The improvements, which will come in at a total cost of between approximately
$20,000,000.00 and $23,000,000.00, will necessitate the hiring of at least 15 employees with an
estimated 40 new employees eventually retained. The agreement requires that at least 15
employees be retained throughout the remainder of the agreement as well.
The abatement is for 7 years and will be granted on a de-escalating basis: 100% for the first two
years, 75% years 3 and 4, 50% for years 5 and 6, and 25% for year 7. The abatement expires on
December 31, 2030.
STATUS OF ISSUE: Pending City Council approval of tax abatement agreement.
BUDGET: Seven year abatement on the improvements set out in the Agreement.
RECOMMENDATION: Motion to adopt a resolution approving tax abatement agreement
between City of Paris and Lionshead Paris, LLC in substantial conformance with the attached
agreement and authorize the mayor to execute same on behalf of the city.
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS
APPROVING AND AUTHORIZING A TAX ABATEMENT AGREEMENT WITH
LIONSHEAD PARIS, LLC; MAKING OTHER FINDINGS AND PROVISIONS
RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Paris did heretofore, on the 10th day of
January, 2022, in Resolution No. 2022-002, elect to be eligible to participate in tax abatement
agreements in order to maintain and enhance the commercial and industrial economic and
employment base of the Paris area for the long term interest and benefit of the City and its
citizens; and,
WHEREAS, under the Texas Enterprise Zone Act (Texas Government Code Chapter
2303), and the Redevelopment and Tax Abatement Act (Texas Tax Code Sec. 312.2011) the
designation of an area as an Enterprise Zone also constitutes designation of the area as a
reinvestment zone (the "Reinvestment Zone"); and
WHEREAS, pursuant to the 2020 Census, the Property within City of Paris, Lamar
County, Texas, is included within an Enterprise Zone, as is shown in the print-out from the
Office of the Governor of the State of Texas on its website in Exhibit 1 to Exhibit A, attached
hereto and made a part hereof for all purposes; and
WHEREAS, Owner has agreed to make the Improvements specified in the Tax
Abatement Agreement attached hereto as Exhibit A, said Improvements related to the
construction of a manufacturing and warehousing facility for the assembly and distribution
of tires and wheel assemblies; and
WHEREAS, the Owner has agreed to create and maintain at least fifteen (15) full-time
equivalent employment positions; and
WHEREAS, the contemplated use of the Improvements as hereinafter defined, in the
amount as set forth in this Agreement upon and within the Property, and the other terms
hereof are consistent with encouraging development of said Enterprise Zone in accordance
with the purposes for which it was created and are in compliance with the City's policy on
tax abatement incentives and all applicable laws; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, THAT:
Section 1. The findings set out in the preamble to this resolution are hereby in all
things approved.
Section 2. That the terms of the Tax Abatement Agreement and the property the
subject thereof meet the City's Guidelines and Criteria for Tax Abatement adopted by the City
of Paris by Resolution No. 2022-002 and will lead to the economic development of the
Enterprise Zone.
Section 3. That the terms and conditions of the proposed Agreement attached
hereto as Exhibit having been reviewed by the City Council of the City of Paris and found
to be acceptable and in the best interests of the City of Paris and its citizens, be, and the same
are hereby, in all things approved.
Section 4. That the Mayor is hereby authorized to execute the Agreement and all
other documents in connection therewith on behalf of the City of Paris substantially
according to the terms and conditions set forth in the Agreement attached hereto as Exhi it
A.
Section S. That the planned use of the property the subject of the tax abatement
will not constitute a hazard to public safety, health, or morals.
Section 6. That this approval and execution of the agreement on behalf of the City
is not conditioned upon approval and execution of any other tax abatement agreement by
any other taxing entity.
PASSED AND APPROVED this 27th day of June, 2022.
Paula Portugal, Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
Stephanie H. Harris, City Attorney
STATE OF TEXAS
COUNTY OF LAMAR
TAX ABATEMENT AGREEMENT
This Tax Abatement Agreement (the "Agreement") is entered into by and between the
CITY OF PARIS, TEXAS, a municipal corporation, situated in Lamar County, Texas, acting by
and through its authorized officer whose signature appears below (hereinafter called "City"),
and LIONSHEAD PARIS, LLC, acting by and through its authorized officer whose signature
appears below (hereinafter referred to as "Owner").
WITNESSETH:
WHEREAS, the City Council of the City of Paris did heretofore, on the 10th day of
January, 2022, in Resolution No. 2022-002, elect to be eligible to participate in tax abatement
agreements in order to maintain and enhance the commercial and industrial economic and
employment base of the Paris area for the long term interest and benefit of the City and its
citizens; and,
WHEREAS, under the Texas Enterprise Zone Act (Texas Government Code Chapter
2303), and the Redevelopment and Tax Abatement Act (Texas Tax Code Sec. 312.2011) the
designation of an area as an Enterprise Zone also constitutes designation of the area as a
reinvestment zone (the "Reinvestment Zone"); and
WHEREAS, pursuant to the 2020 Census, the Property within City of Paris, Lamar
County, Texas, is included within an Enterprise Zone, as is shown in the print-out from the
Office of the Governor of the State of Texas on its website in Exhi • i l 1, attached hereto and
made a part hereof for all purposes; and
WHEREAS, Owner has agreed to make the Improvements specified herein, said
Improvements related to the construction of a manufacturing and warehousing facility for
the assembly and distribution of tires and wheel assemblies; and
WHEREAS, the Owner has agreed to create and maintain at least twenty (20) full-
time equivalent employment positions; and
WHEREAS, the contemplated use of the Improvements as hereinafter defined, in the
amount as set forth in this Agreement upon and within the Property, and the other terms
hereof are consistent with encouraging development of said Enterprise Zone in accordance
with the purposes for which it was created and are in compliance with the City's policy on
tax abatement incentives and the ordinance creating such Enterprise Zone adopted by the
City and all applicable laws; and
NOW, THEREFORE, pursuant to Chapter 312 of the Texas Tax Code and the
Guidelines and Criteria for Tax Abatement adopted in Resolution No. 2020-002, the parties
hereto do mutually contract and agree as follows:
I.
Term
1.1 The effective date of this Agreement is the 27th day of June, 2022, with the
tax abatement being effective from and after January 1, 2024, or January 1St of the year
immediately following completion of construction, and terminating on December 31,
2030 (an abatement period of seven (7) years (the "Abatement Period")). Said
Abatement Period will terminate on December 31, 2030, regardless of when Owner
completes the Improvements described in Sections II and III herein below.
II.
The "Property" - Area to be Improved
2.1 The Improvements defined in paragraph III below and made the subject of this
Agreement shall be located on the Property located in Paris, Lamar County, Texas Plant and
described in Exhi LiL 2, attached hereto and incorporated herein by reference, which
Property is within the Enterprise Zone.
III.
Consideration: Improvements
3.1 The Owner shall construct and operate an assembling and warehousing plant
including approximately 120,000 square feet under roof to be used in its business of
assembling tire and wheel assemblies (herein called the "Improvements") at the Property
located in Paris, Lamar County, Texas, which Improvements are more particularly described
in Exhibit attached hereto and incorporated herein by reference. Owner commits herein
to invest no less than TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00) to
construct the Improvements, which shall be completed prior to December 31, 2023. All of
said improvements shall be described in the City's Certificates of Completion defined in
Section X, "Reporting Requirements." For the purposes of the default provision of this Tax
Abatement Agreement (Section V), the Improvements will be deemed completed upon the
issuance by the City of Certificates of Occupancy for the structures included in the
Improvements. Once Owner has applied for said Certificates of Occupancy, the City shall not
unreasonably delay the issuance of same. Notwithstanding the foregoing, however, Owner
shall have such additional time to complete the Improvements as may be required in the
event of "force majeure" if Owner is diligently and faithfully pursuing completion of the
Improvements. For this purpose, "force majeure" shall mean any contingency or cause
beyond the reasonable control of Owner including, without limitation, acts of God, any
natural disaster, war, riot civil commotion, insurrection, governmental or de facto
governmental action unless caused by acts or omissions of Owner, fires, explosions,
accidents, floods, and labor disputes or strikes.
3.2 The Owner agrees and covenants that it will diligently and faithfully, in a good
and workmanlike manner, pursue the completion of the Improvements. As good and
valuable consideration for this Agreement, Owner further covenants and agrees that all
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construction of the Improvements will be in accordance with all applicable state and local
laws, codes, and regulations, or Owner will procure a valid waiver thereof. In further
consideration, Owner shall thereafter, from the date a Certificates of Occupancy for the
structures on the Property are issued or the Improvements are completed as agreed until
the expiration of this Agreement, continuously operate and maintain the Property and the
Improvements as a tire and wheel assembly and warehousing plant.
IV.
Consideration
Jobs
4.1 The City has provided in its Guidelines and Criteria for Tax Abatements, that
in order to be eligible for a tax abatement, a new employer must make a minimal capital
investment of $1,000,000.00 and create at least ten (10) new jobs. Owner herein has
committed to a minimum investment of $20,000,000.00, and has committed to creating at
least fifteen (15) and up to forty (40) new full-time equivalent with benefits positions with
an estimated direct payroll of approximately TWO MILLION AND NO/100 DOLLARS
($2,000,000.00). These fifteen (15) full-time equivalent with benefits positions shall be
created and staffed within one (1) year of the City's issuance of the Certificate of Occupancy.
4.2 In order to qualify for the tax abatement provided for herein, Owner must both
create said fifteen (15) full-time equivalent positions according to the above schedule and
retain those positions throughout the remaining years of the abatement period.
V.
Default
5.1 In the event that (a) the Improvements for which an abatement has been
granted are not completed in accordance with this Agreement or the expenditure for the
Improvements does not meet the amount required herein; or (b) Owner allows its ad
valorem taxes owed the City to become delinquent and fails to timely and properly follow
the legal procedures for protest or contest of any such ad valorem taxes; or (c) Owner fails
to create and retain the required full-time equivalent positions set forth herein and on the
schedule set forth herein; or (d) Owner materially breaches any of the other terms and
conditions of this Agreement, then this Agreement shall be in default. In the event the Owner
defaults in its performance of either (a), (b), (c), or (d) above, the City shall give the Owner
written notice of such default. If the Owner has not cured such default within sixty (60) days
of said written notice, this Agreement may be modified or terminated by the City. Notice
shall be in accordance with paragraph 13.3. As damages in the event of default, in accordance
with the requirements of Section 312.205 (a)(4) of the Tax Code of the State of Texas, all
taxes which otherwise would have been paid to the City without the benefit of abatement,
together with interest to be charged at the statutory rate for delinquent taxes a determined
by Section 33.01 of the Tax Code of the State of Texas, with all penalties permitted by the
Property Redevelopment and Tax Abatement Act and the Tax Code of the State of Texas, shall
be recaptured and will become a debt to the City and shall be due, owning, and paid to the
City within sixty (60) days of the expiration of the above-mentioned applicable cure period
as the sole remedy of the City, subject to any and all lawful offsets, settlements, deductions,
or credits to which Owner may be entitled.
VI.
Tax Abatement
6.1 Subj ect to the terms and conditions of this Agreement, and subject to the rights
and holders of any outstanding bonds of the City, a portion of ad valorem Property taxes
from the Property otherwise owed to the City shall be abated. Said abatement shall be an
amount equal to the following percentages of the taxes assessed upon the increased value of
the Improvements made by Owner to the Property described in Section III of this Agreement,
over the value in the year which this Agreement is executed (the "Base Value"), in accordance
with the terms of this Agreement and all applicable state and local regulations or valid
waivers thereof; provided that the Owner shall have the right to protest or contest any
assessment of the Property and said abatement shall be applied to the amount of taxes finally
determined to be due as a result of any such protest or contest:
Year 1
100%
Year 2
100%
Year 3
75%
Year 4
75%
Year 5
50%
Year 6
50%
Year 7
25%
For the purposes of this Agreement, the Base Value of the existing real property shall be
deemed to be the value as shown on the tax rolls of the Lamar County Appraisal District as
of January 1, 2022.
6.2 The abatement granted herein shall be subject to and governed by the Criteria
and Guidelines for Tax Abatement, a copy of which is attached hereto as Exhibit 4 and
incorporated herein by reference, save and except that, in the event of a conflict between the
requirements of Exhibit 4 and this Agreement, this Agreement shall control.
6.3 Owner covenants and agrees that subsequent to the date of this Agreement,
any application by Owner for a new tax abatement for equipment or real property located
within the Property and the Enterprise Zone applicable to this Agreement shall be subject to
and governed by the City's Criteria and Guidelines for Tax Abatement in effect at the time of
the new application.
VII.
No Conflict of Interest
7.1 The Owner represents and warrants that the Property does not include any
Property that is owned or leased by a member of the Planning and Zoning Commission of the
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City of Paris, nor by a member of the City Council approving, or having responsibility for the
approval of, this Agreement.
VIII.
Conditions
8.1 The terms and conditions of this Agreement are binding upon and enforceable
against and with respect to the successors and assigns of all parties hereto.
8.2 It is understood and agreed between the parties that the Owner, in performing
its obligations hereunder, is acting independently; the City assumes no responsibility or
liability in connection therewith to third parties; and Owner agrees to indemnify and hold
the City harmless therefrom. It is further understood and agreed among the parties that the
City, in performing its obligations hereunder, is acting independently; the Owner assumes
no responsibility or liability in connection therewith to third parties; and, to the extent
permissible by law, the City agrees to indemnify and hold harmless the Owner therefrom.
IX.
Compliance Provisions
9.1 xt ''s Right of Access to Records: The Owner agrees that the City, its agents
and employees, shall have the reasonable right of access to records concerning the Owner's
investment in the Improvements for the purpose of conducting an audit of the Project
Improvements and Project costs. Any such audit shall be made only after giving the Owner
at least fourteen (14) days advance written notice and will be conducted in such a manner
as to not unreasonably interfere with the operation of the facility. Upon request, the Owner
will provide the City with a detailed Asset Report with an itemized list of assets placed into
service from the date of execution of this Agreement to the date of completion. The Asset
Report will provide for each asset a unique serial and/or other identification number (if
available), the date on which the asset was capitalized, the acquisition amount, and the
accumulated depreciation amount. At the City's request, the Owner will provide actual
invoices to support the amounts shown on the Asset Report.
9.2 City's,, Rights of Access to Property: The Owner further agrees that the City,
its agents and employees, shall have reasonable right of access to the Property to inspect the
Improvements in order to insure that the construction of the improvements is in accordance
with this Agreement and all applicable state and local laws and regulations or valid waiver
thereof. After completion of the Improvements, the City shall have the continuing right to
inspect the Property to insure that it is thereafter maintained and operated in accordance
with the Agreement during the term of the Agreement. All inspections will be made only
after giving the Owner written notice at least seventy-two (72) hours in advance, and such
inspections shall be conducted in such a manner so as not to interfere with the operation of
the facility. Representatives of the City inspecting the Property and Improvements shall be
accompanied and by one (1) or more representatives of the Owner and shall sign an
Agreement promising to maintain the confidentiality of any information they obtain in
connection therewith except for the purposes of assessing and collecting ad valorem taxes
and verifying or enforcing compliance with this Agreement, or as otherwise required by law.
Said representative shall also be required to observe any facility rule and regulation
applicable to the Property. Nothing herein shall be construed as limiting the City's ability to
perform inspections or to enter the Property the subject of this Agreement.
X.
Reporting Requirements
10.1 Initial Report: The Owner further agrees that it will, by April 15, 2024,
provide the City with a sworn report, written on Owner's letterhead and signed by a
designated representative of Owner, which contains the following information relating to
the improvements completed in the year 2023:
(a) A copy of the printout from the Lamar County Appraisal District showing the
market value of the Property as of January 1, 2022, prior to the construction
of the Improvements;
(b) Detailed description of the Improvements;
(c) A detailed description of any miscellaneous items of office equipment and
the actual cost of such added office equipment;
(d) A copy of or identification of plans and specifications of constructed
improvements and the location of the same for inspection by City's
certification team;
(e) A detailed list of and the actual cost of added machinery and equipment;
(f) The actual cost of capital Improvements; and,
(g) The date of substantial completion of the Improvements as defined in
paragraph 3.1 hereof.
10.2 Annual ReDort on Year of the Abatement Perio :
In addition to the report required in Paragraph 10.1 hereinabove, Owner further agrees
that by April 15th of each year of this Agreement beginning in the year 2025, it will
provide the City with an annual sworn report which shall certify, in writing, that it is in
compliance with each applicable term of this Agreement. Such annual report shall be
furnished in the form attached hereto as Exhibit 5 and incorporated herein by reference
and shall reflect the prior fiscal year. Owner shall attach thereto copies of the employer
reference summary page of its Texas Workforce Commission Employer's Quarterly
Reports for the calendar year immediately preceding the date of the annual report
required by this section, and the report shall contain a sworn statement signed by the Plant
Manager or an Officer of the Company certifying that the information provided in the
summary page is a true and valid report filed with the Texas Workforce Commission.
10.3 The reporting requirements and deadlines set forth herein are an integral
and material part of this Agreement, and Owner acknowledges that failure to timely
submit any report or sworn statement required herein is a breach and default of this
Agreement as set forth hereinabove. Owner further agrees to timely submit said reports
and/or sworn statements without prompting by the City.
10.4 Owner shall submit all compliance reports required to by this section via
certified mail, return receipt requested, to:
City of Paris
c/o Office of the City Attorney
P.O. Box 9037
Paris, Texas 75461-9037
Alternatively, said reports may be delivered personally to the Office of the City Attorney at
135 SE 1st St., Paris, Texas 75460.
XI.
City's Certificate of Completion
11.1 Within thirty (30) days of receipt of each Annual Report on Improvements
required by paragraph 10.1 hereinabove, or as soon thereafter as practicable should the City
require additional information from the Owner, the City shall:
(a) review same for compliance with the terms of this Agreement;
(b) verify that the Improvements identified in the Report and required by the
terms of this Agreement have been completed;
(c) and, if the required Improvements have been made, deliver a Certificate of
Completion in the forms attached hereto as Exhibit 6 and executed by the
Mayor to the Chief Appraiser of the Lamar County Appraisal District. The City
shall attach to said Certificate of Completion a copy of the information
provided by Owner in its Annual Report on Improvements as an identification
of the Improvements upon which the tax abatement is to be granted.
11.2 In the event that the City requires additional information in order to conduct
the review and verification contemplated by paragraph 11.1 hereinabove, the City shall
notify the Owner of same as soon as is practicable, but no later than thirty (30) days after
receipt of the Annual Report on Improvements.
11.3 Nothing in this section shall prohibit the City from exercising its right to declare
Owner in default or Owner's right to cure same in accordance with the terms of Section V
hereinabove.
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XII.
Authority to Contract
12.1 This Agreement was authorized by resolution of the City Council at its
regularly scheduled meeting on the 28th day of January, 2019, authorizing the Mayor to
execute the Agreement on behalf of the City.
12.2 This Agreement was entered into by Lionshead Paris, LLC pursuant to the
authority granted to the authorized official whose signature appears below.
12.3 This Agreement shall constitute a valid and binding Agreement between the
City and Owner when executed in accordance herewith, regardless of whether any other
taxing unit executes a similar Agreement for tax abatement.
XIII.
Legal
13.1 No officer, official or agent of the City has the power to amend, modify or alter
this Agreement or waive any of its conditions or to bind the City by making any promise or
representation not contained herein.
13.2 This Agreement, except by operation of law, shall not be assigned or
transferred by Owner, without the prior written consent of City, which consent shall be at
the sole discretion of the City.
13.3 Any written notice required or permitted under the terms of this Agreement
shall be given and be deemed to have been duly served if either (1) delivered in person, or
(2) deposited certified mail, return receipt requested, postage prepaid in the United States
mail, addressed to the designated representative of the respective parties which are
designated as follows:
OWNER:
Lionshead Paris, LLC
Attn: Gary Graham and Galen Miller
305 Steury Ave.
Goshen, IN 46528
CITY:
CITY OF PARIS, TEXAS
Attn: City Manager
P.O. Box 9037
Paris, TX 75461-9037
With a copy to:
City Clerk, City of Paris, Texas (address same as above)
City Attorney, City of Paris, Texas (address same as above)
13.4 If any term or provision of this Agreement shall be declared unconstitutional or void
by any court of competent jurisdiction, the constitutionality and validity of the remainder of
said Agreement shall not be affected thereby, and to this end the terms and provisions of this
Agreement are declared to be severable.
13.5 This Agreement sets forth the entire understanding between the parties, and any
other understandings or agreements shall be canceled and superseded by this Agreement
upon the date of execution hereof. None of the terms of this Agreement shall be waived,
discharged, altered or modified in any respect, except by an Agreement in writing signed by
both parties and specifically referring to this Agreement. The captions in this Agreement are
included for convenience only and shall not be taken into consideration in any construction
or interpretation of this Agreement or any of its provisions. This Agreement is performable
in Lamar County, Texas, and shall be governed by, construed and enforced in accordance
with the laws of the State of Texas. The provisions of this Agreement shall apply to, bind and
inure to the benefit of the City, Owner, and their respective successors, and permitted
assigns, if any.
13.6 Venue for any actions arising under this Agreement shall lie exclusively in the courts
of Lamar County, Texas for any State Court action, and in the U.S. District Court for the
Eastern District of Texas for any federal court action.
13.7 Owner and the City have both contributed to the drafting of this Agreement, and no
ambiguity, if any, contained in this Agreement shall be construed against either party.
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement effective as
of the date set forth below.
WITNESS our hands this ® day of 2022.
THE CITY OF PARIS, TEXAS
By:.-
Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
Stephanie H. Harris, City Attorney
LIONSHEAD PARIS, LLC
Los
ATTEST:
Title:
Title:
Date:
10
LIST F EXHIBITS:
2020 Designation of Enterprise Zone which includes the Property
2. Map of the Property and Property Description
Description of Improvements
4. Resolution No. 2022-002; Criteria and Guidelines for Tax Abatement
5. FORM: Certificate of Completion
6. FORMS: Certificates of Compliance
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Field Notes
Being a 19.58 acre tract of land in the Francis Morrison Survey, Abstract No. 592 and the John
Herrington Survey, Abstract No. 436, in the City of Paris, Lamar County, Texas; being all of the former
Lot 1, Block A of Northwest Paris Industrial Park, as recorded in Envelope 386-C, L.C.P.R.; and being
part of that certain tract of land described in deed to Paris Economic Development Corporation, dated
November 18, 2003, recorded in Vol. 1403, Pg. 53, L.C.O.P.R, said 19.58 acre tract of land is more
particularly described by metes and bounds as follows:
BEGINNING at a 1/2 -inch iron rod with cap found in the south right-of-way line of Loop Highway 286
(width varies according to Vol. 361, Pg. 157 and Vol. 557, Pg. 643, L.C.D.R.) for the northwest corner of
Lot 2 of said Block A and the most northerly northeast corner of the herein described tract, from which a
1/2 -inch iron rod with cap found in the south right-of-way line of Loop Highway 286 for an angle point in
the north boundary line of said Lot 2 bears North 71 deg. 22 min. 13 sec., a distance of 175.65 feet;
1.) THENCE South 22 deg. 09 min. 59 sec. East, along the west boundary line of said Lot 2, a distance
of337.75 feet to a 1/2 -inch iron rod with cap found for the southwest corner of said Lot 2;
2.) THENCE North 68 deg. 59 min. 47 sec. East, along the south boundary line of said Lot 2, a distance
of 215.09 feet to a 1/2 -inch iron rod with cap found in a curve to the right in the west right-of-way line of
30th Street NW (80 feet wide according to Env. 386-C, L.C.P.R.) for the southeast corner of said Lot 2'
3.) THENCE along the west right-of-way line of 30th Street NW as follows: with said curve to the right
having a radius of 915.00 feet, a central angle of 26 deg. 51 min. 10 sec., an arc length of 428.83 feet, and
a chord that bears South 17 deg. 21 min. 51 sec. West, a distance of 424.92 feet to a 1/2 -inch iron rod
with cap found for the end of said curve to the right; South 30 deg. 49 min. 42 sec. West, a distance of
22.81feet to a 1/2 -inch iron rod with cap found for the beginning of a curve to the left; with said curve to
the left having a radius of 1030.00 feet, a central angle of 18 deg. 07 min. 28 sec., an arc length of 325.82
feet, and a chord that bears South 21 deg. 42 min. 43 sec. West, a distance of 324.46 feet to a 1/2 -inch
iron rod with cap found for the end of said curve to the left and the beginning of a curve to the right; with
said curve to the right having a radius of 14.00 feet, a central angle of 89 deg. 22 min. 15 sec. an arc
length of 21.84 feet, and a chord that bears South 56 deg. 56 min. 07 sec. West, a distance of 19.6 feet to a
1/2 -inch iron rod with cap found in the north right-of-way line of Park Street (80.00 feet wide at this point
according to Env. 386-C, L.C.P.R.);
4.) THENCE North 77 deg. 39 min. 34 sec. West, along the north right-of-way line of Park Street, a
distance of35.95 feet to a 1/2 -inch iron rod with cap found for an interior corner of Northwest Paris
Industrial Park;
5.) THENCE along the most westerly south boundary line of Northwest Paris Industrial Park as follows:
North 76 deg. 48 min. 33 sec. West, a distance of 83.99 feet to a 1/2 -inch iron rod with cap found for the
beginning of a curve to the left; with said curve to the left having a radius of 2240.00 feet, a central angle
of 15 deg. 56 min. 17 sec., an are length of 623.11 feet, and a chord that bears North 84 deg. 36 min. 51
sec. West, a distance of 621.10 feet to a 1/2 -inch iron rod with cap found for the end of said curve to the
left; South 87 deg. 25 min. 49 sec. West, a distance of 126.44 feet to a found 1/2 -inch iron rod with cap;
North 85 deg. 54 min. 11 sec. West, a distance of 100.12 feet to a found 1/2 -inch iron rod with cap; North
89 deg. 38 min. 23 sec. West, a distance of 127.67 feet to a 1/2 -inch iron rod with cap found in the
monumented cast right-of-way line of 34th Street NW (monumented width varies; no dedication found)
for the southwest corner of Northwest Paris Industrial Park;
6.) THENCE along the monumented east right-of-way line of 34th Street NW and the west boundary line
of Northwest Paris Industrial Park as follows: North 02 deg. 39 min. 40 sec. East, a distance of 266.74
feet to a found 1/2 -inch iron rod; North 01 deg. 50 min. 56 sec. East, a distance of 110.98 feet to a point in
a curve to the right in the south right-of-way line of Loop Highway 286 for the northwest comer of said
Block A, from which a found 1/2 -inch iron rod with cap bears South 01 deg. 50 min. 56 sec. West,
distance of 0.29 feet, and a TxDOT Type I concrete monument found in the south right-of-way line of
Loop Highway 286 bears South 50 deg. 53 min. 46 sec. West, a distance of 190.74 feet,
7.) THENCE along the south right-of-way line of Loop Highway 286 as follows: with said curve to the
right having a radius of 2697.79 feet, a central angle of 15 deg. 34 min. 25 sec., an arc length of 733.29
feet, and a chord that bears North 60 deg. 42 min. 32 sec. East, a distance of731.04 feet to a TxDOT Type
I concrete monument found for the end of said curve to the right; North 68 deg. 19 min. 28 sec. East, a
distance of 386,24 feet to a set 1/2 -inch iron rod with cap stamped "RPLS 5469'; North 71 deg. 22 min.
13 sec. East, a distance of 24.73 feet to the POINT OF BEGINNING and containing 19.58 acres of land.
oM ftIN� o °1 'i'o01m�w" 1 AD
OV ( III°IV I E W
Lionshead Specialty Tire & Wheel LLC (Lionshead), a family-owned business, is experiencing significant
growth in the manufacturing sector. Our headquarters is located in Goshen, Indiana with rapidly growing
production facilities in Indiana, Texas, North Carolina, Idaho, Georgia and Minnesota. We specialize in the
development, manufacturing, and distribution of tire and wheel assemblies and component parts for the
recreation vehicle, marine, livestock, cargo, and utility trailer industries.
Our intense focus on customer experience and satisfaction levels is made evident in our customer service
and quality products. We make it a priority to reinvest in new products and services to consistently
provide the best value exchange in a constantly changing environment.
At Lionshead, we focus on being best -in -class by providing a first-class working environment, retaining
and developing talented employees, operating our business with integrity and character, valuing our
employees by helping them become the best version of themselves, and giving back to our community.
We are excited for the opportunity to be part of the City of Paris and Lamar County and serving the
towable trailer and recreational vehicle industry throughout Texas, New Mexico, Oklahoma, Arkansas,
Kansas and Louisiana. The organization plans to build a 120,000 sgft plant in Paris, Texas. This green -field
development will include investments in property, plant and equipment over $20,000,000 and bring over
40 new jobs to the area over a 5 -year period.
We believe the environment in which our team members work is an important part of our corporate
culture. This includes an emphasis on state-of-the-art humanities and space that supports employee
welfare. This includes the thoughtful use of windows to bring natural light into every work area,
cleanliness throughout, terrazzo floors, personal lockers, an inviting employee lunch room, expansive
bathrooms, focus on safety, and Lionshead provided complementary uniforms and personal protective
equipment. Lionshead also offers every team member competitive pay, benefits (medical, dental, vision),
matching 401k, performance incentives that subsidizes food and Lionshead SWAG and many other
unique cultural approaches that are rarely seen in a manufacturing environment.
Upon breaking ground, we expect the project will take approximately 18 -months to complete. Our
overall investment in the City of Paris and Lamar County is expected to be the following:
Overall Capital Investment
Land
Building
Equipment
Total Capital
Average Annual Salaries
6. 10 Xhil 6,1 t 's
$0
$16,500,000
$6,500,000
$23,000,000
$2,000,000
y14 AI \myj��m�
moimoo� � � �� iuumuuuu a ��I� wu
SALES AND STAFFING PROJECTIONS
Sales Asys (monthly)
Sales $ (monthly)
Sales Asys (yearly)
Sales $ (yearly)
Personnel - Operations
Total Production
Personnel Sales
TotolSales
Personnel - Salaries
Operations
Sales
Total Labor
STAFFING DETAILS
2
Texas Economic Development
2024 mm
2024
2025
2026
2027
2028
15,556
17,778
20,000
22,222
24,444
$2,333,333
$2,666,667
$3,000,000
$3,333,333
$3,666,667
186,667
213,333
240,000
266,667
293,333
$28,000,000
$32,000,000
$36,000,000
$40,000,000
$44,000,000
30
32
35
37
40
4
4
4
4
4
$1,404,360
$1,483,400
$1,601,960
$1,681,000
$1,799,560
$477,000
$477,000
$477,000
$477,000
........ $477,000
1 .....�....
$ 881,360
.....--_
$1,960,400
$2,078,960
$2,158,000
$2,276,560
2
Avg Salary ....
2024 mm
^ 2025
20
2027
2028
Operations
Plant Manager
$
90,000
1
1
1
1
1
Asst Plant Manager
$
70,000
1
1
1
1
1
Shipping/ Receiving Manager
$
55,000
1
1
1
1
1
CDLA Drivers
$
67,500
4
4
4
4
4
Production
$
39,520
14
16
19
21
24
Production - forklift
$
41,600
3
3
3
3
3
Receiving Staff
$
39,520
4
4
4
4
4
Receiving/Shipping forklift
$
41,600
2
2
2
2
2
Total Production
30
_
32
35
37
40
Sales
Regional Sales Manager
$
130,000
2
2
2
2
2
Market Analyst
$
67,000
1
1
1
1
1
Regional Sales Director
150,000
1 „
1
mmmm
1
. .......��
1 --
1
TotolSa/es
4
4
4
4
4
Personnel - Salaries
Operations
$ 1,404,360
$ 1,483,400
$ 1,601,960
$ 1,681,000
$ 1,799,560
Sa les
$ 477,000
$ 477,000
$ a 477,000
$ wwwww477,000$
477,000
TotalLabor
$ 1,881,360
$ 1,960,400
$ 2,078,960
$ 2,158,000
$ 2,276,560
Average salary per employee
$ 55,334
$ 54,456
$ 53,307
$ 52,634
$ 51,740
Average per hour basis
$ 26.60
$ 26.18
$ 25.63
$ 25.30
$ 24.88
2
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Investment Overview
Building
Building $ 15,000,000
Building Contingency (10%) $ 1,500,000
Total Building $ 16,500,000
Equipment and Furniture (3 -year Investment)
Items
Qty
Total
Air Compressors - Nitrogen System & Components
1
$
1,477,896
Airline Piping
1
$
300,000
Belt Conveyor (Prep Conveyors)
6
$
59,407
Roller Conveyor (Prep Conveyors)
1
$
25,786
Camera Security System
1
$
2,229
Morrisette - Shrink Wrap Machine
2
$
69,943
Landmark Security System
1
$
40,907
L/A Wheel Systems Inflation Machines
2
$
800,000
Forklift Toyota 5000#
-
2
$
66,520
Forklift Toyota 6500#
1
$
39,000
Baler for Recycables.
2
$
60,750
Office Furniture/Breakroom/Conf. Room
1
$
246,114
FMH Stationary Conveyors (Receiving)
2
$
418,040
Tire Mounters
9
$
135,000
Big Ass Fans
1
$
54,559
Gorbel Crane - Lift Assist
1
$
59,681
A/V Equipment
1
$
12,859
IT Setup (Cable and Internetnet_Wiring & Equipment)
1
$
65,782
Cell Phone Coverage/Boosters - Teledata
1
$
27,802
Door Security system
1
$
70,091
Guard Rails/Safety Gates/Pole Potectors
2
$
12,500
Production Work Tables/Podiums
1
$
9,375
Tools and Production Equipment
1
$
9,375
Kitchen Appliances
1
$
6,250
Floor sweeper
1
$
27,723
Printers - Gordon Flesch
1
$
22,500
Pool Cars
2
$
100,000
Truck / Trailer (4)
4
$
1,000,000
LSolar Panels
1
$
750,000
Contingency
$
500,000
Total Equipment and Furniture Investment
$
6,470,087
TOTAL ESTIMATED CAPITAL INVESTMENT
$mM22,970,087
3
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_
RESOLUTION NO. ,.2022--002
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS
AUTHORIZING THE CITY TO BE ELIGIBLE TO PARTICIPATE IN PROPERTY
TAX ABATEMENTS AND APPROVING GUIDELINES AND CRITERIA FOR
GRANTING TAX ABATEMENTS IN THE CITY OF PARIS, TEXAS; MAKING
OTHER FINDINGS AND PROVISIONS RELATED TO THE SUBJECT; AND
DECLARING AN EFFECTIVE DATE.
WHEREAS, Section 312.002 of the Texas Tax Code requires local taxing units to state every
two years their intent to participate in property tax abatement agreements, and to adopt guidelines
and criteria for granting tax abatements, and to conduct a public hearing prior to said authorization
and adoption; and
WHEREAS, the City Council last adopted Criteria and Guidelines for Tax Abatement on
January 13, 2020; and
WHEREAS, on January 10, 2022, the City Council conducted a public hearing as required by
law; and
WHEREAS, after considering public comment, if any, at said public hearing, the City Council
of the City of Paris, Texas hereby reaffirms its intent to be eligible to participate in property tax
abatements in accordance with Chapter 312 of the Texas Tax Code and to adopt the Guidelines and
Criteria for Tax Abatement attached hereto and incorporated herein as Exhibit A: and
WHEREAS, a three-quarters majority vote of the City Council of the City of Paris, Texas is
required to amend the Guidelines and Criteria for Talc Abatement; and
WHEREAS, the City Council elects to readopt the Guidelines and Criteria for Tax Abatement
adopted on January 13, 2013 without amendment;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, THAT:
Section 1. The findings set out in the preamble to this resolution are hereby in all things
approved.
Section 2. The City hereby elects to be eligible to participate in a property tax abatement
program and approves and adopts the Guidelines and Criteria for Tax Abatement attached hereto
and incorporated herein as Exhibit A.
Section 3. This resolution shall become effective from and after the date of passage.
PASSED AND APPROVED this 10th day of January, 2022.
Yortn��."��`�
Paula Portugal, Ma
Bilis, City Clerk
�..,a.� rte' ;/`•�
Stephanie H. Harris, City Attorney
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FORTAXABATEMENT
I. General Purpose and Objectives.
The City of Paris (City) and Lamar County Government (County) (collectively, herein called the
"Taxing Jurisdictions") are committed to enhancing the competitiveness and expansion potential of
local industry; to attracting and encouraging new manufacturing industry and investment; to
improving the City of Paris, Lamar County and its infrastructure, which attracts and supports
development; and, to expanding the tax base, employment opportunities, and the overall quality of
life for its citizens. Therefore, the governing bodies of the Taxing Jurisdictions will give
consideration, on a case-by-case basis, to providing tax abatements to the owners of real and
personal property for projects that stimulate economic growth and diversification in the geographic
areas served by the Taxing Jurisdictions, according to state law and consistent with these policies,
criteria and guidelines.
Tax abatements maybe made available to industrial, manufacturing, distribution, service facilities,
or any "primary jobs" creating industry as defined by the Economic Development Act of the State
of Texas. The facility must be currently in, or locating in the areas served by the Taxing
Jurisdictions, and located in a designated Enterprise Zone or Reinvestment Zone. New facilities
and structures as well as the expansion and modernization of existing facilities and structures, will
be considered. Evaluation of a tax abatement request will be based on the information provided in
the tax abatement application. However, the City of Paris and Lamar County are under no
obligation to provide tax abatements to any applicant.
The Paris City Council acts as the lead entity for projects located in the City limits. The Lamar
County Board of Commissioners acts as the lead entity for projects in Lamar County, which are
located outside of the City limits. All governing bodies of the Taxing Jurisdictions have adopted
like policies, criteria and guidelines and will consider tax abatement requests that qualify
thereunder.
II. Definitions.
Definitions are provided as an Appendix A.
III. Designation of a Reinvestment Zone.
For any facility located within the area served by the Taxing Jurisdictions to be eligible for tax
abatement it must meet the criteria for designation as a tax abatement reinvestment zone as set forth
in the Property Redevelopment and Tax Abatement Act, Texas Tax Code Chapter 312, The City
or County may designate an area as a reinvestment zone in accordance with the criteria and
procedural requirements set forth in the Property Redevelopment & Tax Abatement Act, as
amended (Texas Tax Code See. 312.401 (b)). Pursuant to Texas Tax Code Sec. 312.2011,
designation of an area as an enterprise zone under Chapter 2303 of the Texas Government Code
constitutes designation of the area as a reinvestment zone without further hearing or procedural
requirements other than those provided under said Chapter 2303.
IV. Tax Abatement Authorized.
The Taxing Jurisdictions, through their elected governing bodies, may agree in writing with the
owner and/or lessee of taxable real and/or personal property that is located in a reinvestment zone,
but that is not in an improvement project financed by tax increment bonds, to exempt from. taxation
Im
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FOR TAX ABATEMENT
a portion of the value of the real property, or of personal property located on the real property, or
both. The period of the abatement granted under the agreement shall not exceed the term authorized
by law. Such agreement will be based on the condition that the owner or lessee of the property
makes specific improvements or repairs to the property. An agreement may provide for the
exemption of the real property in each year covered by the agreement only to the extent its value
for that year exceeds the b ase year value. An agreement may provide for the exemption of personal
property located on the real property in each year covered by the agreement other than personal
property that was located on the real property at any time before the period covered by the
agreement. Inventory or supplies cannot be abated as personal property.
Tax abatements may only be granted for additional value of eligible property improvements made
subsequent to and specified in an abatement agreement between the Taxing Jurisdictions and the
property owner or lessee subject to such limitation as the Taxing Jurisdictions may require. The
additional value must exceed any reduction in the fair market value of other property of the owner
already on the tax roll within the area served by the Taxing Jurisdictions. Change in appraised
value does not qualify for abatement except in an instance where a previously vacant authorized
facility is utilized. Value added to the tax rolls must come from actual capital expenditures.
The negotiation of tax abatement agreements will be conducted by the Paris Economic
Development Corporation's CTEDC") executive director, in close consultation with the city
manager. In determining where and how tax abatements will be utilized, the executive director
will examine the potential return on the public's investment. Return on public investment will be
measured in terms of (i) jobs created, (ii) jobs retained in cases of existing employers within the
Taxing Jurisdictions, and (iii) broadening of the tax base and expansion of the economic base (e.g.
capital investment, payroll, local spending, etc.).
V. Eligibility Criteria for Tax Abatement for Real and Personal Property
A property owner and/or lessee shall be eligible for tax abatement only upon the following criteria.
I lt�biltt ° Criteria for Tax Abatement
Authorized 1. An authorized facility is used for manufac
taring, research, regional distribution, regional services, regional
Facility tourist entertainment, other basic industry, or any primary jobs creating industry. (See Appendix A for
definitions.)
2. A new authorized facility must be created, or an existing authorized facility must be improved, modernized
or expanded.
3. If a leased authorized facility is granted abatement, the agreement may be executed with the lessor and/or
lessee, depcnding upon the particular circumstances ofthe proposed project. If the agreement is with the lessor,
lessor shall demonstrate binding contracts with the lessee to guarantee compliance with the terms of the
Pro ble 2. Elie propropertyv for which abatement created,
... ._, e �� —_ � _.,.
a+-reemen .
gi property ' newly created, or improvements to an existing, authorized facility.
Property gr y be granted includes nonresidential real property and/or tangible
personal property not located on the real property at any time before the abatement agreement becomes
effective.
3. Abatement may be extended to the value of buildings, structures, fixed machinery and equipment, site
improvements, tangible personal property, and that office space and related fixed improvements necessary
to the operation and administration of the authorized facility. I
4. Inventory or supplies shall not be eligible for abatement.
Historic For historic property located in the City of Paris Historic District, see Chapter 30, Article IV of the City of Paris
Property Code of Ordinances - Tax Exemption for Historically Significant Sites. Contact the City of Parisi Community
Value and
Term of
Abatement
Abatement
Evaluation
Criteria
Economic
Qualification
Taxability
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FOR TAX ABATEMENT
Development Department for additional mformation on these and other programs offered by the Cite of Paris.
e __
1. The governing bodies of the local 'faxing Jurisdictions will decide whether to grant a tax abatement to an
applicant, and the amount, if any, of such abatement, on a case-by-case basis and in accordance with these
Policies, Criteria and Guidelines.
2. The term of abatements granted under any agreement may not exceed that permitted by applicable
state law.
3. The amount of the abatement shall be based upon a percentage (0 to 100%) of all or a portion of the eligible
property within the authorized facility.
4. Abatements may only be granted for the additional value of eligible real and personal property improvements
made pursuant to and listed in the agreement between the Taxing Jurisdictions and property owner and/or
lessee, subject to such limitations as the Taxing Jurisdictions may require.
5. Real property tax abatement may be granted only to the extent that its value for each year of the agreement
exceeds its value for the year in which the agreement is executed.
6. If a modernization project includes the replacement of improvements within an authorized facility, the value
eligible for abatement shall be the value of the new unit(s), less the value of the replaced unit
The criteria used to evaluate a proposed project application for abatement includes, but is not limited to:
1. The dollar amount of the increase in the tax roll.
2. The number of jobs created or retained by the employer involved.
3. The possible effect on attracting other taxable improvements into the Taxing Jurisdictions.
4. The nature of and overall effect on the Taxing Jurisdictions.
5. The effect on the safety, health, and morals ofthe Taxing Jurisdictions' residents.
6. Any substantial long-term adverse effect on the provision of the Taxing Jurisdictions' services or tax bases.
7. Meeting all relevant zoning requirements.
8. Consistent with the comprehensive plan of the City of Paris and County of Jamar.
9. The types and cost of public improvements and services (water and sewer main extensions, streets and roads,
etc. diction.
10 The ty es and allues ofu bhcjnn provements to be furnished by the applicant.
To be eligible to receive tax abatement, the planned improvements:
1. Must be reasonably expected to increase the appraised value of the property.
2. Must be expected to prevent the loss of employment, or assist in the retention or creation of jobs in the Taxing
Jurisdictions during the term of the agreement.
3. Should not be expected to solely or primarily have the effect of merely transferring existing employment from
one pari of the Taxing Jurisdictions to another without demonstration of increased future investment (dollars
or jobs) or unusual circumstances whereby without such a move employment is likely to be reduced.
4. Must be necessary because capacity cannotbe provided efficiently utilizing existing improved property when
is made for necess:sr� rmi�rovemenis or relevant P-ovemmental actions.
During base � of the
eligible as determined each year by the Lamar County Appraisal ^^e
reasonable
allowance
agreement, taxes shall be payable as follows:
y g• property praisal District, shall be ,
fully taxable.
2. The additional value of eligible property above the base year value shall be taxable in the manner described in
the agreement
3. The Chief Appraiser of the Lamar County Appraisal District shall annually determine an assessment of the
real and personal property comprising the reinvestment zone.
4. Each year, the employer, company or individual receiving an abatement pursuant to an agreement shall fiunish
the assessor with such information as maybe necessary to determine the amount of any abatement.
5. Once such value has been established, the Chief Appraiser shall notify the affected Taxing Jurisdictions which
levy taxes on such property and also notify the Paris EDC.
6. The employer, owner or lessee of eligible property requesting tax abatement within a reinvestment zone
shall, prior to the commencement of eligible property improvements, agree to expend a designated sum of
mond and to create or retain a certain number of jobs, or annual payroll as further defined below.
ll and Job Creation Criteria
Caiital Investtmenl Pavro U
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FOR TAX ABATEMENT
A tax abatement may be made available to employers who are increasing new capital investment and creating jobs with respect to
an authorized facility located anywhere within the area served by the Taxing Jurisdictions based on the following criteria.
1. To be eligible for any tax abatement, there must be a minimum capital investment in the authorized facility of $1,000,000 and
at least ten (10) new jobs added to the new employer's labor force.
2. Any project with a capital investment of more than twenty-five million dollars ($25,000,000), AND accompanied by a
newly created minimum annual payroll of two and one-half million dollars ($2,500,000), OR creating more than two
hundred twenty-five (225) jobs will be individually negotiated.
3. As specified in state law, no abatement will be granted for more than 10 years and the total abatement shall not exceed
100%.
4. A newly created business must be (or will be) located within an enterprise zone or a designated reinvestment zone.
5. The taxing jurisdictions recognize a significant difference in the valuation of real property versus personal property.
Because of depreciation schedules, the abatement of personal property could result in a tax exemption. For this reason, the
abatement schedule for personal property versus real property may be different. Each industrial account is looked at and
valued on an individual basis by the Lamar County Appraisal District (LCAD). The typical depreciation used for
industrial accounts by LCAD is as follows:
a. Computers — 3 year life
b. Furniture & Fixtures —10 year life
c. Vehicles— 7 to 10 year life (depending on type)
d. Machinery & Equipment —15 year life (maybe longer or shorter depending on the type)
For each abatement request the PEDC will evaluate the equipment (personal property) investment and useful life separate
from the real estate (real property) investment to determine the length of the abatement for each.
If personal property should become obsolete and be replaced while under an abatement agreement, the replacement
personal property is not eligible for abatement.
The charts below provide capital investment guidelines to qualify for tax abatement and the related schedule and
percentage of abatement.
For Ca ital Investment ($1M minimum investment AND 10 jabs for new employers )
....
j Amount of Investment I
Year 1( Year 2 Year 3 µYear 4
Year fi Year 6 Year 7
m
$1,000,000 to $5,000,000 1
70% 60% 1 50% 40%
30% 20% 10%
$5,000,001 to $20,000,000
80% ; 70% 60% 50%
40% _ _30°10 „
20%
$20,000,001 to $25,000,000
_ n
90% 80%�_ 70% 1 60%
50%�.. 40%
30%
$25,000,001 and Above
Forprojects with capital investment above $25MAND $2.5Min new annual payroll OR
creating more than 225 new jobs, the term and percentage of the abatement are both
.
!!S oti ble, but cannot exceed 10 years or 100°Jw _
9. An additional 20% abatement for neve job creation is available based on the following requirements:
a. A project that creates a minimum of 10 new jobs.
i b. The new job wages are equal to or greater than the current County average wage for all private sector jobs excluding
�odati. _ ...—.. u e a , Commission
�� retail trade and accommodation and food services ($41,158 annually for 20,13 Source Texas Workforce ��
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FOR TAX ABATEMENT
via www tracer2 cgm. (Note: This represents 547 companies, 10,470 jobs and 56% of all private sector employment in
.Lamar County.) l
c. The taxing jurisdictions and the company must agree to include measuring, tracking and annual reporting of the net
job increases (existing jobs plus new jobs) for the entire term of the abatement agreement.
..__ �.m...
For Net New .. .... (N Job Creation , .._ _ _ ion and r 1Retention of
Net Net New Jobs ew
1. 10 new jobs minimum.
2. New job wages � or> average annual
wages for private sector jobs in Lamar
County. (Excluding retail. accommodations, food
service. See Item 9.b. above.)
3. Agree to maintain existing base and new
jobs during the entire term of agreement.
4. ;Year 1 cannot exceed 100%.
20% 20%
�
r 4 Year 5 Year b Year 7
0% 20% 20% 20%
VI. Tax Abatement for Existing Employers Regarding Real or Personal Property.
The Taxing Jurisdictions recognize the value of its existing employers to the well-being of the City
and County. The Taxing Jurisdictions desire to encourage existing employers to remain in the
Taxing Jurisdictions and to improve their respective businesses and industries, as well as their
profitability.
Accordingly, if an existing employer (as opposed to a newly created business or industry moving
into the Taxing Jurisdictions), owns or leases an authorized facility and has plans to improve such
property by constructing new improvements on its real property and/or adding new personal
property to its authorized facility which qualify for tax abatement under these Policies, Criteria and
Guidelines, such employer maybe eligible for tax abatement with respect to such improvements to
its real property or its new personal property under the provisions of Article V above, even if no
new jobs or newly created minimum annual payroll are created.
In projects involving existing employers, the criteria for tax abatements for improvements to real
property and for new personal property at authorized facilities set forth in Article V above shall be
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FORTAXABATEMENT
waived, provided state law is fully complied with.
The local taxing jurisdictions encourage existing employers to retain as many jobs and as much
existing annual payroll as is economically feasible for the existing employer, while remaining
competitive in its industry.
VII. Greenfield projects
In order to encourage the development of greenfield properties and also to be able to expedite
certain new projects, the criteria for tax abatements for improvements to real property and for new
personal property at authorized facilities set forth in Article V above shall be waived for projects
exclusively involving greenfield properties, provided state law is fully complied with.
VIH, Application Process
Eligibility Any present or potential owner of taxable property in the Taxing Jurisdictions may request tax
abatement by filing a written request with the City Manager or County Judge, with a copy of the
t i �lrcation
forwarded by the applicant to the Executive Director of the Paris IDC.
m _. ,._ -
Form The application shall consist of a completed application form accompanied by the following:
I .
A general description of the improvements to be undertaken together with the proj ected new
value to the property and the type of business operation proposed.
2.
A detailed, descriptive list of the improvements for which abatement is requested.
3.
A list of the kind, number, and location of all proposed improvements of the property.
4.
A list of the number and type of jobs created, including information pertaining to anticipated
job transfers (if any).
5.
A metes and bounds description and plat of the proposed reinvestment zone that shows all
roadways within 200 feet of the reinvestment zone and all existing zoning and land uses
within 200 feet ofthe reinvestment zone.
b.
A time schedule for undertaking and completing the proposed improvements.
7.
The type and value of any additional economic development incentives requested.
8.
Any other information about the proposed project as may be required by the Taxing
Jurisdictions or as deemed desirable by the TaxingJurisdictions.
Review 1.
All applications will be initially reviewed by the PEDC executive director.
Process 2.
An initial project briefing meeting will be conducted between the company's representatives,
the PEDC executive director, the city manager, and the county judge.
3.
The PEDC executive director will evaluate the request for tax abatement in accordance with
these criteria and guidelines and will make his/her recommendation to the Paris City Council
and Lamar County Commissioners Court for their review and possible approval.
4.
After the Paris City Council has been briefed on the proposed tax abatement offer and they
have directed the PEDC executive director to move forward, the Paris City Attorney will
draft the initial tax abatement agreement for review by the PEDC Board and representatives
of each Taxing Jurisdiction.
5.
Electronic versions of the City's abatement agreement will be provided to the County so all
agreements have consistent language, terms and conditions.
6.
Following review of the draft agreement, it will be sent to the applicant's legal counsel for
review and comment. Any changes requested by the tax abatement applicant will be
reviewed by the City Attorney.
7.
Once the Agreement is finalized, it will be placed on the PEDC Agenda for board
recommendation.
8.
Once the Tax Abatement Agreement has been acted on by the PEDC Board, the Agreement
shall be forwarded to the Paris City Council and Lamar County Commissioner's Court for ,
final consideration and action.
Public Hearing 1.
The Taxing Jurisdictions will comply with certain public notices and hearings required as
mandated bstate law under the Proiierty Redevelopment and Tax Abatement Act prior to�
6
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FORTAXABATEMENT
the designation of a reinvestment zonand execution o) a tax abatement agreement j
2. The lead Taxing
Jurisdiction (typicallythe Ci ofParis may adopt an ordinance designating
a tax abatement reinvestment zone only after notice of a public hearing has been published at
least seven (7) days before the date of the hearing, and all other procedural requirements of
1 Texas Tax Code have been satisfied.
Findings In
Chapter 312
of these proposed agreement comply with these Policies
agreement, the Taxing Jurisdictions must find that:
p p g p y ,Criteria and
Guidelines.
2. There will be no substantial adverse effect on the provision of Taxing Jurisdictions' services
or tax base.
3. That the planned use of the property will not constitute a hazard to public safety, health or
morals.
4. Incident to approval of any ordinance designating a reinvestment zone, the Taxing
Jurisdictions shall find that the improvements sought are feasible and practical and would be
a benefit to the land to be included in the reinvestment zone and to the Taxing Jurisdictions
after the thea Variances Requests for variance from the agreement_--
Variances of these
iratton of
Policies, Criteria and Guidelines may be made
in writing to the Taxing Jurisdictions; provided, however, that in no event shall the term of any
abatement exceed the period authorized by applicable state law. Such request shall include a
complete description of the circumstances requiring a variance. Approval of a request for
variance shall require the affirmative vote of three-fourths (3/4) of the members of each of the
Taxjjg ud
Proposed The adoption ofthese Policies,Cnterra and Guidelines . �g�ei
�t limit
Agreements the discretion of the Taxing Jurisdictions' governing ning bodies todecdecide to en
into a
Decided on specific tax abatement agreement Nor does it limit their discretion to delegate to their employees
Individual the authority to determine whether or not the Taxing Jurisdiction should consider a particular
Basis application or request for tax abatement, or create any property, contract, or other legal right in any
person or entity to have the Taxing Jurisdiction consider or grant a specified application or request
for tax abatement.
VIII. Abatement Agreement Terms and Conditions.
Appendix B provides many of the terms and conditions to be included in any formal tax abatement
legal agreement.
IX. Amendments to Policies, Criteria and Guidelines
These Policies, Criteria and Guidelines are effective for a two (2) year period from the date of their
adoption, unless amended earlier by the affirmative vote of three-fourths (3/4) of the members of
each governing body (City, County).
For a tax abatement application or additional information contact:
Paris Economic Development Corporation
1125 Bonham Street
Paris, Texas 75460
Phone: 903-784-6964
Fax: 903-784-2503
Website: _ paristexasusa.com
Email: t rise crii:paristex susa com
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FOR TAX ABATEMENT
APPENDIX A
Dermion
..:.mm_�..-.-.
Abatement or Tax
or artial exemption from d valorem�taxes of certain real and tangible personal
f p p m a
Abatement
pTheJ
in a Reinvestment Zone designated for economic develo pment 1 wu K poses,_,
ent or
Agreement
Tae
he written legal agreement far tax abatement between a property owner and/or lessee and the
�:
Paris, mar County and Pans Junior College.,-
uthorized
_ _
A facility may be eligible for abatement if it is a facility used for manufacturing, research,
Commercial or
regional distribution, regional services, regional tourist entertainment, other basic industry, or
Industrial. Facility
w any primary jobs creating industry (see definitions below). All authorized facility definitions
include buildings and structures, including fixed machinery and equipment used in operating
the
Authorized
The City. Council of the City of Paris may also designate areas of the City where residenti
Residential Facility
properties may be considered for abatement of City taxes only. The City of Paris will approve
theirresidential abatement policies, criteria and guidelines so crate from these rolicies.
_ -_
_
Manufacturing
T _ .
he purpose of which is or will be the manufacture of tangible goads or materials or the
Facility
processing of such goods or materials by physical or chemical change. Facilities
primarily engaged in assembling component parts of manufactured products are also f
considered manufactu!jRg facihhes. i
Regional
Used primarily to receive, store, service, or distribute goods or materials where a majority of
Distribution Fa ciliy
the goods or services are distributed to points at least 100 miles from its location in the Taxing
�public
Regional Tourist
Jurisdictions of Paris and T amCounty,
Used in providing amm ntertainment through the admission of the general � _—
where
Entertainment
the majority of users reside at least 100 miles from the Taxing Jurisdictions and where the
Facility
majority of users are likely to stay in the Taxing Jurisdictions for more than one day and will
therefore likely utilize local restaurants and hotel/motel accommodations.
__. _,
Research Faciliy
__ — ....- ._
Used primarily for research or experimentation to improve or develop new tangible goods or
_ _
materials processes thereto.
P m... 0 production w—.——
tither Basic or
Not elsewhere described, fon he productioneof oducts or sere
� pr ices which result in the
Service Industry
creation of new j bring the Taxing Jurisdictions (e.g. healthcare -
related industries).
IPrimaary Jobs
Any industry creating "primary jobs" defined as a job that is available at a company for which
Creating Industry
a majority of the products or services of that company are ultimately exported to regional,
statewide, .� econom>.
�of
Base Year Value
� .� prop_ �$new g
The assessed value eh�ahro property as of Januar 1, preceding the date of execution of the
agreement plus the agreed upon value of eligible property improvements made after January
1, but before the execution of the agreement. The Base Year Value may be adjusted either up
or down from leer to pear as per renrhhons icy the Iamar Counter A s raisal District.
ployer
The owner or lessee of property, who is applying for tax abatement and who will provide jobs
and cal)ital investment within the Reinvestment Zone or within the Enterprise •se Zone—
Reinvestment Zone
An area where the Taxing Jurisdictions have decided to influence development patterns and
attract major investments that will contribute to the development of the area through the use of
tax abatement for specified improvements. These statues are found in Chapter 312 of the
Texas Tax Code.
Enter1�nse ZoneAn area of land designated as such under Chap ter 2303 of the Texas Government Code
lob or Jobs
A "job" is when an individual works 40 hours per week for an employer, and in the position
the individual is provided the benefits normally offered by the employer, such as health
insurance, vacation and some form of retirement benefit. A jab is not a position filled for the
employer as a worker or employee of an employment agency or employment service. "Jobs"
also me Etxivalent defined below h -
ebb
Full-time Equivalent
g g provide a company the maximum flexibility in running
"-the intheir fande-no
busuiessJdecis e
{FTE) Jobs
business making ions, especially related to staffing. The following
definition of FTE willbe reflected in all incentive agreements. An FTE is:
1. An individual working 40 hours per week in a job defined above.
2 A number of Dart -time ' oa bs where the hours worked in each such job is less than 40 hoursler
8
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FOR TAX ABATEMENT
..... ........ W.... _ . ......- _ -
made available by one employer and added together to total 40 hours per week. For
example, fourteen (14) part-time jobs made available by one employer where all such part-
time jobs added together require a total of 380 hours of work per week (but no such part-
time job requires 40 hours of work or more per week), will equal nine and one-half (9.5)
FTE jobs (380 hours divided by 40 hours per week equals 9.5).
3 FTE jobs do not re ire the employ p to receive benefits from the eruj)1oyer m...
The
lacement
d upgrading
f existing facilities, which increases the
Modernization 1
output; updates the tecbnology, or sbstantially lowers the unit cost of operation. Modernizatione
may result from the construction, alteration or installation of buildings, structures, fixed
machinery or equipment, but shall not be for the purpose of reconditioning, refurbishing,
Frei )aHILIg, or deferred maintenance. _ -•__-- __
Personal Pro Machinery, i mertt, tools, shelving or materials eligible under applicable law w for tax I
abatemenJ Perry �' ..•..._., which can be Pp
Pro -_. _Real
Property or Personal Property
ed facrht�r .._._ ._.__.�
_ defined herein that is eligible for tax abatement.
Real Property The land within an Enterprise Zone o a Reinvestm
p rty ent Zone, together with all improvements
and cted or otherwise situated thereon
constructed _� _— -. , . _ _,
Tax Abatement I The Tax fixtures
Advisory Committee will be convened from time to time by the Paris
Advisory Committee Economic Development Corporation to study, review and recommend tax abatements to the
applicable Taxing Jurisdictions in the City of Paris and Lamar County, Texas. The Tax
Abatement Advisory Committee will be composed of one person from each of the Taxing
Jurisdictions: the City of Paris (the City Manager or designee), the County of Lamar (the
County Judge or designee), Paris Junior College (the President or designee), the Chief
Appraiser of the Lamar County Appraisal District, and the Executive Director of the Paris
Economic Development Corporation. Recommendations from the Tax Abatement Advisory
Committee shall be decided by majority vote of the representatives from the three taxing I'
entities referenced above. ]
(Updated 01-10-2022)
POLICY STATEMENT
CRITERIA AND GUIDELINES FOR TAX ABATEMENT
APPENDIX B
Abatement Agreement Terms and Conditions
After approval, the Taxing Jurisdictions shall formally pass an order or resolution and authorize the
execution of an agreement with the owner and/or lessee of the authorized facility, which shall
include, but not be limited to the following terms and conditions:
Contract Terms & Conditi
' 'ons
Project The following project specifies willbe included:
Description 1. The base year value.
2. Percent of increased value to be abated each year.
3. The commencement date and the termination date of abatement.
4. Amount of investment and average number of jobs involved during the term of the
agreement.
5. The proposed use of the authorized facility, nature of construction, time schedule, plat,
property description, and improvement list, as provided in the application.
6. A listing of the land, number, location, and costs of all proposed improvements of the
property.
7. A statement limiting the uses of the property consistent with the general purpose of
encouraging development or redevelopment of the reinvestment zone during the period that I
property tax abatement is in effect.
8. That access to the project is provided to allow for the inspection by Taxing Jurisdictions'
inspectors and officials in order to ensure that the improvements or repairs are made
according to the specifications and conditions of the agreement.
4. That property tax revenue lost as a result of the tax abatement agreement will be recaptured
by the Taxing Jurisdictions if the owner of the property fails to make the improvements or
repairs as provided by the agreement.
10. Each term agreed to by the owner of the property.
11. A requirement that the owner of the property shall certify annually to the Taxing Jurisdictions
that the owner is in compliance with each applicable term of the agreement.
12. Contractual obligations in the event of default, violation of terms or conditions, delinquent
taxes, recapture, administration and assignment, or other provisions that may be required by
stats law, or in the discretion of the Taxing Jurisdictions' governing body.
13. That the Taxing Jurisdictions may cancel or modify the agreement if the property owner
fails to compl. with themagreement.
_ _..� . _m ...
Default if the Taxing Jurisdictions determine that the person or entity receiving an abatement is in default
according to the terms and conditions of its agreement, the Taxing Jurisdictions shall notify the
company or individual in writing at the address stated in the agreement, and if such default is not
cured within a reasonable time specified in such notice ("cure period"), then the agreement may
be modified or terminated without further notice. In the event the company or individual allows
its ad valorem taxes owed to the Taxing Jurisdictions to become delinquent and fails to timely
and properly follow the legal procedures for their protest and/or contest, or violates any of the
terms and conditions of the agreement and fails to cure during the cure period, the agreement j
then may be modified or terminated without further notice, and the agreement may provide a
formula for recapture of all orpart of the taxes abated. At any time before the expiration, any tax
abatement agreement may be terminated by mutual consent of all parties involved in the same
manner that^ the aftreement was executed.
ded
a Taxing
on in
n with an application
est
fProprietary
ryfor tax abatement undormation that is er thee Policies, Criteria and Guidelines d that describes the specific
P �y
Information processes or business activities to be conducted or the equipment or other property to be located
on the property for which tax abatement is sought is confidential and not subject to public
disclosure until the agreement is executed. Such information in the custody of the Taxing
Jurisdictions after the aRree ment is executed is not confidential hereunder.
actions I_ The agreement shall stipulate that em oyees and/ or desi$nated representatives of the Taxing
10
Modifications
of Agreement
kaigmuent
Admiruit_rat=3
Contract
review„
Monitoring and
Reporting
(Updated 01-10-2022)
poi,jcy' s"rA'rEMENT
CRITERIA AND GUIDELINES FOR TAXABATEMENT
. . . ..........................
Jun'sdictions will have access to the reinvestment zone during the term of the Weement to inspect
the authorized facility to determine if the terms and conditions of the agreement are being .met.
/W inspections will be awade only after the giving of at least twent3p.four (24) hours' prior
notice and will only be conducted in such an manner as to not unreasonably interfere
with the constrtiction and/or operation of the authorized facility, All inspections will be made,
with one ormore Teprezerttatives of thr company or individual and in woorchmce vd."th its safbty
MMIZU va
standards. 'Upon oorapletion of constmetion, the Taxing Twisdictions shall : y eluate
each authorized -facility receiving abatement to ensure, compliance with the, agreement and report
j -aossible violations of the �&r an 'axing In dictions goveming bodies.
ec . . ....
At any -time before the expimuon of an agreement made under these Policies, Criteria and
Guidelines, the agreement may be modifiedby the pardess to the agmme to include other
pro -visions that could have been included in the original agrement or to delete provisions that
were contained in the original agreentent. 'Me inodificafion must be rnade by th- e same
procedure by which the or.iginal agreement was approved and exccuteA. The original agreement,
however, may not be modified to extend the to of the agreement or the term of abatement.
ted therein bey me perxrdqp�b , tat�. law
__oad the fi
An agreement. may be awmigned to a new ovnw or lessee of the authorized fficility only vdth the
prior written consent of the Taxing,Jurisdictions. Any assigranent shall provide thatt the assignee
shall hTevocably and unconditionaRy ass all the dudes a -ad obligations of" the assignar upon
the sme to and conditions as set out W. the, agreernent, and the Taxing Jurisffictions' approval
shall be subject to the determinafion of the financial capabdity of such assignee. Any assignment
of an agreement sba ll. be to an entity that contemplates -the same improvements or repairs to the
propeaty, except W the extent sunh improvements or repairs have been comply te&:loco assigntnent
shall be approved if the assignor or the assignee is ind6bted to the Taxing Jurisdictions for and
valorem taxes cw other obligations, or if any event of default under the agreement remains
uncure& . . ...... . . . . .........
Each Taxing Jurisrhodon shall be respansiblefbr th- e administration, review, and monitoring
of tax, abatement agreements autherized by, ffiem Taxing Jurisdictions iiinder these, Policies,
Criteria and, Guidelines., These responsibilities shalliIude annually verifying participants in
tax abatement agreemetrLs are in full compliance with the to of the agreement, including
completion and submission of all required documents in a timely mianne.r.
I The .pans C4 Aftomey shall exP rditiouJun
dy advise the Taxing sdictions in writing of any
instances of contract non., -compliance by tax abatement participants. Lu addition, the Pmis (,'ity
Atte rneyshall, on an annual basis, conduct a perfannance rev tew of the activities, ofeach M
abatement participant and report the findings of such review to the leadership and governing
'bodies of each taxing entity.,
3 ° 'rho Taxing Jurisdictions' governing bodies s1rall retain the right to indepoudently renliew and
aadit the activities gni" tax. abatement, participants, aind shdIbe respomible for enforcement of
the tenns ofa4y tax abatement agreement autharm.ed hcreunder.
4" Annually the Buis City Attomey shall report to each of the gone bodies on its
u2nitqriq, asd compliance activities and the status of all existing abatement. agreev�q
... ....................
11
CERTIFICATE OF COMPLETION
STATE OF TEXAS §
COUNTY OF LAMAR §
CITY OF PARIS §
The City of Paris, Texas has executed and delivered a Tax Abatement Agreement (the
"Agreement") dated June 27, 2022, with LIONSHEAD PARIS, LLC, for certain improvements
and other equipment (the "Improvements") to be installed on property plant located in Paris,
Lamar County, Texas, said Improvements described in ExhibitA attached hereto, which
property is located within an Enterprise Zone established by the United States Census in
2010.
Based on information provided by Company and verified by the City, the City of Paris
herein verifies that the Improvements agreed to be built, installed and used in the calendar
year 2023 have in fact been completed as provided for in the Agreement and that the
Company has complied with all other terms of the Agreement including those related to
employment levels.
NOW, THEREFORE, the City of Paris authorizes that the property described in
Exhibit A attached hereto shall receive a tax abatement during each year through the end of
the term the Tax Abatement Agreement equal to 100% in years 2024 and 2025; 75% in years
2026 and 2027; 50% in years 2028 and 2029; and 25% in the year 2030, of the taxes
assessed upon the increased value of the real and personal property of the Company located
in Paris, Texas, over the value at which the property was last appraised on January 1, 2022,
which is the year in which the Tax Abatement Agreement was executed, as recited in the
Agreement. The tax abatement will extend for a duration of seven (7) years, with the tax
abatement beginning January 1, 2024, and ending December 31, 2030.
APPROVED this day of 0 .
m...m_ .......,................ Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
Stephanie H. Harris, City Attorney
EXHIBIT 5
Annual Certificate of Compliance/Non-Compliance Year 1--2024
Tax Abatement Agreement ("the Agreement")
Between the City of Paris, Texas
And Lionshead Paris, LLC
THE STATE OF TEXAS §
COUNTY OF LAMAR §
INITIAL WHERE APPROPRIATE:
OR:
Dated June 27, 2022
Lionshead Paris, LLC (the "Company") hereby certifies that:
(1) All ad valorem taxes have been paid to City and all other taxing entities.
(2) In 2024, the Company maintained no fewer than fifteen (15) full-time
employees to operate the Paris Facility. The total number of full-time
employees working at the Facility as of the date of this report is
(3) The Company has continuously operated the Property and
Improvements described in the Agreement as a tire and wheel
assembly and warehousing plant.
(4) The Company submits herewith and attaches hereto copies of the
Employer Reference summary page of its Texas Workforce
Commission Quarterly Reports for the Paris Facility for each quarter of
2024.
(6) All other terms and conditions of this Agreement have been complied
with.
Lionshead Paris, LLC certifies that the company is not in compliance with its
agreement with City of Paris for the year
Please Circle the number of the item(s) above in which you believe that the Company
has failed to comply and state in what way compliance with the term or terms were
not met. Attach additional pages if necessary.
EXHIBIT 6
VERIFICATION
STATE OF TEXAS §
COUNTY OF LAMAR §
BEFORE ME, the undersigned notary, on this day personally appeared
�.. _ the affiant, a person whose identity is known to me. After I administered
an oath to affiant, affiant testified:
"My name is m...m...... I am capable of making this verification. I have read
the foregoing Certificate of Compliance/Non-Compliance. The facts stated in it are within
my personal knowledge and are true and correct, and I further certify that the Employer
Reference Summary pages are true and correct copies of those reports filed with the Texas
Workforce Commission."
Signature of Company Representative
Position/Title
Sworn to and subscribed before me this the _ day of _......................—, 20_.
Notary Public, State of Texas
Annual Certificate of Compliance/Non-Compliance Year 2--2025
Tax Abatement Agreement ("the Agreement")
Between the City of Paris, Texas
And Lionshead Paris, LLC
Dated June 27, 2022
THE STATE OF TEXAS §
COUNTY OF LAMAR
INITIAL WHERE APPROPRIATE:
I
Lionshead Paris, LLC (the "Company") hereby certifies that:
(1) All ad valorem taxes have been paid to City and all other taxing entities.
(2) In 2025, the Company maintained no fewer than fifteen (15) full-time
employees to operate the Paris Facility. The total number of full-time
employees working at the Facility as of the date of this report is
(3) The Company has continuously operated the Property and
Improvements described in the Agreement as a tire and wheel
assembly and warehousing plant.
(4) The Company submits herewith and attaches hereto copies of the
Employer Reference summary page of its Texas Workforce
Commission Quarterly Reports for the Paris Facility for each quarter of
2025.
(6) All other terms and conditions of this Agreement have been complied
with.
Lionshead Paris, LLC certifies that the company is not in compliance with its
agreement with City of Paris for the year
Please Circle the number of the item(s) above in which you believe that the Company
has failed to comply and state in what way compliance with the term or terms were
not met. Attach additional pages if necessary.
VERIFICATION
STATE OF TEXAS §
COUNTY OF LAMAR §
BEFORE ME, the undersigned notary, on this day personally appeared
....................„ the affiant, a person whose identity is known to me. After I administered
an oath to affiant, affiant testified:
"My name is I am capable of making this verification. I have read
the foregoing Certificate of Compliance/Non-Compliance. The facts stated in it are within
my personal knowledge and are true and correct, and I further certify that the Employer
Reference Summary pages are true and correct copies of those reports filed with the Texas
Workforce Commission."
Signature of Company Representative
Position/Title
Sworn to and subscribed before me this the _ day of ._„ 20_.
Notary Public, State of Texas
Annual Certificate of Compliance/Non-Compliance Year 3--2026
Tax Abatement Agreement ("the Agreement")
Between the City of Paris, Texas
And Lionshead Paris, LLC
Dated June 27, 2022
THE STATE OF TEXAS §
COUNTY OF LAMAR §
INITIAL WHERE APPROPRIATE:
OR:
Lionshead Paris, LLC (the "Company") hereby certifies that:
(1) All ad valorem taxes have been paid to City and all other taxing entities.
(2) In 2026, the Company maintained no fewer than fifteen (15) full-time
employees to operate the Paris Facility. The total number of full-time
employees working at the Facility as of the date of this report is
(3) The Company has continuously operated the Property and
Improvements described in the Agreement as a tire and wheel
assembly and warehousing plant.
(4) The Company submits herewith and attaches hereto copies of the
Employer Reference summary page of its Texas Workforce
Commission Quarterly Reports for the Paris Facility for each quarter of
2026.
(6) All other terms and conditions of this Agreement have been complied
with.
Lionshead Paris, LLC certifies that the company is not in compliance with its
agreement with City of Paris for the year
Please Circle the number of the item(s) above in which you believe that the Company
has failed to comply and state in what way compliance with the term or terms were
not met. Attach additional pages if necessary.
VERIFICATION
STATE OF TEXAS §
COUNTY OF LAMAR §
BEFORE ME, the undersigned notary, on this day personally appeared
the affiant, a person whose identity is known to me. After I administered
an oath to affiant, affiant testified:
"My name is w w ... I am capable of making this verification. I have read
the foregoing Certificate of Compliance/Non-Compliance. The facts stated in it are within
my personal knowledge and are true and correct, and I further certify that the Employer
Reference Summary pages are true and correct copies of those reports filed with the Texas
Workforce Commission."
Signature of Company Representative
Position/Title
Sworn to and subscribed before me this the day of . „ 20_.
Notary Public, State of Texas
Annual Certificate of Compliance/Non-Compliance Year 4--2027
Tax Abatement Agreement ("the Agreement")
Between the City of Paris, Texas
And Lionshead Paris, LLC
THE STATE OF TEXAS §
COUNTY OF LAMAR §
INITIAL WHERE APPROPRIATE:
OR:
Dated June 27, 2022
Lionshead Paris, LLC (the "Company") hereby certifies that:
(1) All ad valorem taxes have been paid to City and all other taxing entities.
(2) In 2027, the Company maintained no fewer than fifteen (15) full-time
employees to operate the Paris Facility. The total number of full-time
employees working at the Facility as of the date of this report is
(3) The Company has continuously operated the Property and
Improvements described in the Agreement as a tire and wheel
assembly and warehousing plant.
(4) The Company submits herewith and attaches hereto copies of the
Employer Reference summary page of its Texas Workforce
Commission Quarterly Reports for the Paris Facility for each quarter of
2027.
(6) All other terms and conditions of this Agreement have been complied
with.
Lionshead Paris, LLC certifies that the company is not in compliance with its
agreement with City of Paris for the year
Please Circle the number of the item(s) above in which you believe that the Company
has failed to comply and state in what way compliance with the term or terms were
not met. Attach additional pages if necessary.
VERIFICATION
STATE OF TEXAS §
COUNTY OF LAMAR §
BEFORE ME, the undersigned notary, on this day personally appeared
the affiant, a person whose identity is known to me. After I administered
an oath to affiant, affiant testified:
"My name is I am capable of making this verification. I have read
the foregoing Certificate of Compliance/Non-Compliance. The facts stated in it are within
my personal knowledge and are true and correct, and I further certify that the Employer
Reference Summary pages are true and correct copies of those reports filed with the Texas
Workforce Commission."
Signature of Company Representative
Position/Title
Sworn to and subscribed before me this the _ day of ........mmmmm................. _ 20_.
Notary Public, State of Texas
Annual Certificate of Compliance/Non-Compliance Year 5--2028
Tax Abatement Agreement ("the Agreement")
Between the City of Paris, Texas
And Lionshead Paris, LLC
Dated June 27, 2022
THE STATE OF TEXAS §
COUNTY OF LAMAR §
INITIAL WHERE APPROPRIATE:
OR:
Lionshead Paris, LLC (the "Company") hereby certifies that:
(1) All ad valorem taxes have been paid to City and all other taxing entities.
(2) In 2028, the Company maintained no fewer than fifteen (15) full-time
employees to operate the Paris Facility. The total number of full-time
employees working at the Facility as of the date of this report is
(3) The Company has continuously operated the Property and
Improvements described in the Agreement as a tire and wheel
assembly and warehousing plant.
(4) The Company submits herewith and attaches hereto copies of the
Employer Reference summary page of its Texas Workforce
Commission Quarterly Reports for the Paris Facility for each quarter of
2028.
(6) All other terms and conditions of this Agreement have been complied
with.
Lionshead Paris, LLC certifies that the company is not in compliance with its
agreement with City of Paris for the year
Please Circle the number of the item(s) above in which you believe that the Company
has failed to comply and state in what way compliance with the term or terms were
not met. Attach additional pages if necessary.
VERIELAJTQN
STATE OF TEXAS §
COUNTY OF LAMAR §
BEFORE ME, the undersigned notary, on this day personally appeared
.._.. m, the affiant, a person whose identity is known to me. After I administered
an oath to affiant, affiant testified:
"My name is �., .............. ....__.....—. I am capable of making this verification. I have read
the foregoing Certificate of Compliance/Non-Compliance. The facts stated in it are within
my personal knowledge and are true and correct, and I further certify that the Employer
Reference Summary pages are true and correct copies of those reports filed with the Texas
Workforce Commission."
Signature of Company Representative
Position/Title
Sworn to and subscribed before me this the _ day of _.., 20_.
Notary Public, State of Texas
Annual Certificate of Compliance/Non-Compliance Year 6--2029
Tax Abatement Agreement ("the Agreement")
Between the City of Paris, Texas
And Lionshead Paris, LLC
Dated June 27, 2022
THE STATE OF TEXAS §
COUNTY OF LAMAR §
INITIAL WHERE APPROPRIATE:
OR:
Lionshead Paris, LLC (the "Company") hereby certifies that:
(1) All ad valorem taxes have been paid to City and all other taxing entities.
(2) In 2029, the Company maintained no fewer than fifteen (15) full-time
employees to operate the Paris Facility. The total number of full-time
employees working at the Facility as of the date of this report is
(3) The Company has continuously operated the Property and
Improvements described in the Agreement as a tire and wheel
assembly and warehousing plant.
(4) The Company submits herewith and attaches hereto copies of the
Employer Reference summary page of its Texas Workforce
Commission Quarterly Reports for the Paris Facility for each quarter of
2029.
(6) All other terms and conditions of this Agreement have been complied
with.
Lionshead Paris, LLC certifies that the company is not in compliance with its
agreement with City of Paris for the year
Please Circle the number of the item(s) above in which you believe that the Company
has failed to comply and state in what way compliance with the term or terms were
not met. Attach additional pages if necessary.
VERIFICATION
STATE OF TEXAS §
COUNTY OF LAMAR §
BEFORE ME, the undersigned notary, on this day personally appeared
the affiant, a person whose identity is known to me. After I administered
an oath to affiant, affiant testified:
"My name is I am capable of making this verification. I have read
the foregoing Certificate of Compliance/Non-Compliance. The facts stated in it are within
my personal knowledge and are true and correct, and I further certify that the Employer
Reference Summary pages are true and correct copies of those reports filed with the Texas
Workforce Commission."
Signature of Company Representative
Position/Title
Sworn to and subscribed before me this the _ day of .... .. 20_.
Notary Public, State of Texas
Annual Certificate of Compliance/Non-Compliance Year 7--2030
Tax Abatement Agreement ("the Agreement")
Between the City of Paris, Texas
And Lionshead Paris, LLC
Dated June 27, 2022
THE STATE OF TEXAS §
COUNTY OF LAMAR §
INITIAL WHERE APPROPRIATE:
Lionshead Paris, LLC (the "Company") hereby certifies that:
(1) All ad valorem taxes have been paid to City and all other taxing entities.
(2) In 2030, the Company maintained no fewer than fifteen (15) full-time
employees to operate the Paris Facility. The total number of full-time
employees working at the Facility as of the date of this report is
(3) The Company has continuously operated the Property and
Improvements described in the Agreement as a tire and wheel
assembly and warehousing plant.
(4) The Company submits herewith and attaches hereto copies of the
Employer Reference summary page of its Texas Workforce
Commission Quarterly Reports for the Paris Facility for each quarter of
2030.
(6) All other terms and conditions of this Agreement have been complied
with.
Lionshead Paris, LLC certifies that the company is not in compliance with its
agreement with City of Paris for the year
Please Circle the number of the item(s) above in which you believe that the Company
has failed to comply and state in what way compliance with the term or terms were
not met. Attach additional pages if necessary,.
VERIFICATION
STATE OF TEXAS §
COUNTY OF LAMAR §
BEFORE ME, the undersigned notary, on this day personally appeared
the affiant, a person whose identity is known to me. After I administered
an oath to affiant, affiant testified:
"My name is ........ .. I am capable of making this verification. I have read
the foregoing Certificate of Compliance/Non-Compliance. The facts stated in it are within
my personal knowledge and are true and correct, and I further certify that the Employer
Reference Summary pages are true and correct copies of those reports filed with the Texas
Workforce Commission."
Signature of Company Representative
Position/Title
Sworn to and subscribed before me this the _ day of w,..w 20_.
Notary Public, State of Texas