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1998-086-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON 17TH DAY OF MAY RESOLUTION NO. 98-086 WHEREAS, the City Council of the City of Paris did heretofore, on the 17th day of May, 1993, in Resolution No. 93-051, authorize the execution, delivery, and performance of an agreement with Campbell Soup Company, pursuant to the Property Redevelopment and Tax Abatement Act, V.T.C.A., Tax Code Sec. 312.001, et seq. ("Act"), and the Guidelines and Criteria for Designation of Reinvestment Zones and Tax Abatement Agreements ("Guidelines"), to exempt a portion of the value of the property owned by Campbell Soup Company located in Reinvestment Zone No. Four from ad valorem taxation upon and subject to the terms, conditions, and provisions set forth in the Tax Abatement Agreement, dated effective as of April 12, 1993 ("Agreement"); and, WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of June, 1998, in Resolution No. 98-074, authorize the execution of the First Amendment to Tax Abatement Agreement for Reinvestment Zone No. Four granting an option to extend said agreement for an additional two (2) year period expiring on December 31, 2000; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 8th day of June, 1998, in Resolution No. 98-075, approve the partial assignment of said Agreement to Silgan Can Company; and, WHEREAS, Silgan Can Company has agreed, as consideration for the City of Paris approving said partial assignment, to retain all existing jobs, same being one hundred forty-six (146), and to the continuation all other obligations under said agreement; and, WHEREAS, the form of the Second Amendment to Tax Abatement Agreement, attached hereto as Exhibit A, should, in all things be approved, and the Mayor, Charles H. Neeley, should be authorized to execute the same; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the form of the Second Amendment to Tax Abatement Agreement Between the City of Paris and Campbell Soup Company dated May 17, 1993, Partially Assigned to Silgan Can Company on June 8, 1998, attached hereto as Exhibit A, be, and the same is hereby, approved; and, BE IT FURTHER RESOLVED, that the Mayor, Charles H. Neeley, be, and he is hereby, authorized and directed to execute, on behalf of the City of Paris, the Second Amendment to Tax Abatement Agreement, under the terms and conditions and in the form shown in Exhibit A, attached hereto. PASSED AND ADOPTED this 29th day of June, 1998. ~'f Charles H. Neeley, Mayor ATTEST: &aJ~, vD~ Barbara Denny, Asst. City Cle APPROVED AS TO FORM: s~u~ Scott P. Foster, City Attorney SECOND AMENDMENT TO TAX ABATEMENT AGREEMENT BETWEEN THE CITY OF PARIS AND CAMPBELL SOUP COMPANY DATED MAY 17, 1993, PARTIALLY ASSIGNED TO SILGAN CAN COMPANY ON JUNE 8, 1998 STATE OF TEXAS ) ) COUNTY OF LAMAR ) KNOW ALL MEN BY THESE PRESENTS: That this "Second Amendment to Tax Abatement Agreement between the City of Paris and Campbell Soup Company dated May 17, 1993, Partially Assigned to Silgan Can Company on June 8, 1998," is made this 29th day of June, 1998, by and between the CITY OF PARIS, PARIS, TEXAS, a municipal corporation, acting by and through its Mayor, Charles H. Neeley, duly authorized, hereinafter called CITY, and SILGAN CAN COMPANY, acting by and through its authorized officer whose signature appears below, hereinafter called SILGAN. WITNESSETH That SILGAN does hereby mutually agree with CITY that Section V of said Agreement be amended to read as follows: "V. " Consideration "Jobs "5.1. Not later than June 1, 1998, SILGAN will prevent the loss of one hundred forty-six (146) permanent jobs at the Paris Plant for work to be performed substantially either (a) at the site of the Improvements, or (b) in support of operations performed by others at the site of the IMPROVEMENTS. Such jobs to be filled with priority being given to promote among equally qualified job applicants the hiring of employees first from within the Enterprise Zone, second from within the corporate limits of the City of Paris, and third from within the County of Lamar, State of Texas, subject to the laws and regulations of the United States of America and the State of Texas and subject to any labor contracts currently in effect and any successive contracts or past practices. Page 1 of 2 r:.XHIBIT A "5.2. SILGAN agrees that, during that portion of the term of the AGREEMENT occurring subsequent to June 1, 1998, ending December 31,2000, it will not reduce below one hundred forty-six (146) the number of such permanent jobs so retained related to or in support of the two-piece can manufacturing operation. " EXECUTED on this the 29th day of June, 1998. CITY OF PARIS, PARIS, TEXAS By: Charles H. Neeley, Mayor ATTEST: Barbara Denny, Asst. City Clerk APPROVED AS TO FORM: Scott P. Foster, City Attorney SILGAN CAN COMPANY By: Name: Title: ATTEST: Secretary Page 2 of 2