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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />11 /20/08 <br />Council Date: <br />Legal <br />Kent McIlyar <br />19. <br />11/24/08 <br />RECOMMENDED MOTION: <br />Move to approve and authorize a Tax Abatement Agreement with Campbell Soup Supply <br />Company, LLC; and authorizing the City Manager to negotiate and execute all necessary <br />documents. <br />POLICY ISSUE(S): <br />Abatement of Taxes <br />BACKGROUND: <br />The City Council has been presented a proposed agreement by and between the City of <br />Paris, Texas, and Campbell Soup Supply Company LLC, providing for a commercial and <br />industrial tax abatement for making modifications to the building to accommodate <br />Campbell Soup's addition of a Juice Manufacturing Line of products. <br />BOARD/COMMISSION RECOMMENDATION: <br />N/A <br />EXHIBITS: <br />Resolution and Tax Abatement Agreement <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report Z Resolution <br />Budgeted Amt. <br />$ <br />❑ Presentation ❑ Ordinance <br />Y7'D Actual <br />$ <br />Z Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire <br />❑ Municipal Court Z Legal ❑ Libtary ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris <br />- O'~~~It) <br />Revised 2/04/08 <br />. _ . ..,r_ ......f.. . . . . <br />