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19 Abatement of TaxesCITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Department: Presented By: Agenda Item No.: 11 /20/08 Council Date: Legal Kent McIlyar 19. 11/24/08 RECOMMENDED MOTION: Move to approve and authorize a Tax Abatement Agreement with Campbell Soup Supply Company, LLC; and authorizing the City Manager to negotiate and execute all necessary documents. POLICY ISSUE(S): Abatement of Taxes BACKGROUND: The City Council has been presented a proposed agreement by and between the City of Paris, Texas, and Campbell Soup Supply Company LLC, providing for a commercial and industrial tax abatement for making modifications to the building to accommodate Campbell Soup's addition of a Juice Manufacturing Line of products. BOARD/COMMISSION RECOMMENDATION: N/A EXHIBITS: Resolution and Tax Abatement Agreement ACTION: BUDGET INFO: ❑ Financial Report ❑ Minute Order Expense $ ❑ Department Report Z Resolution Budgeted Amt. $ ❑ Presentation ❑ Ordinance Y7'D Actual $ Z Public Hearing ❑ Other Acct. Name Acct. Number FISCAL NOTES: REVIEWED AND APPROVED BY: Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT ❑ Finance ❑ Fire ❑ Municipal Court Z Legal ❑ Libtary ❑ Police ❑ Eng./Public Works ❑ Utilities City of Paris - O'~~~It) Revised 2/04/08 . _ . ..,r_ ......f.. . . . . APPLICATION FOR TAX ABATEMENT AGREEMENT (Follows this Page) w 0001J() CITY OF PARIS, PARIS, TEXAS TAX ABATEMENT AND REINVESTMENT ZONE DESIGNATION APPLICATION THIS APPLICATIONMUST BE RECEIVED BYTHE CITYNOT LESS THANSIXTY(60) DAYS PRIOR TO THE DATE THAT CONSTRUCTION OF THE IMPROVEMENTS IS EXPECTED TO COMMENCE. 1. NAME OF APPLICANT FIRM: Campbell 5oup SupplV CompanV, LLC 2. ADDRESS: 500 Loop 286 NW Paris. Texas 75460 3. TELEPHONE: 903-784-3341 4. PROJECT ADDRESS (if different from above): Same as #2 5. TYPE OF BUSINESS ORGANIZATION (corporation, etc.): Limited Liability Company 6. . NAME(S) OF PRINCIPAL OWNERS OR OFFICERS: List Attached 7. IS THIS BUSINESS SEASONAL IN NATURE: YES x NO g. NUMBER OF CURRENT EMPLOYEES: (in Enterprise Zone) 80 (in City of Paris) 382 (in Lamar County) 563 . U001~1 9 10 12. 13 CURRENT PAYROLL (in City of Paris): $ 15.3 million NUMBER OF NEW JOBS PROPOSED: fifty-seven (57) LIST THE TYPE AND NUMBER OF NEW JOBS TO BE CREATED AND THE PROJECTED SALARY FOR EACH JOB: Production Operators - 46 people @ $17.05/hour Maintenance Personnel - 6 people g $22 87/hour Other Personnel - 5 people (a~ $13.00/hour PLEASE PROVIDE INFORMATION PERTAINING TO THE TRANSFER OF JOBS. RELATED TO THE IMPROVEMENTS OR EXPANSION: Not Applicable TOTAL IMPACT ON PAYROLL FROM NEW JOBS: Approximatelv $2.0 Annually - 14. PRE-PROJECT MARKET VALUES, AS DETERMINED FOR LOCAL PROPERTY TAXATION, OF THE EXISTING FACILITY, SITE, TANGIBLE PERSONAL PROPERTY, AND INVENTORY: A. REAL PROPERTY: $14,159,690 B. TANGIBLE PERSONAL PROPERTY $116,263,770 15. GNE A DETAILED DESCRIPTION OF THE PROPOSED IMPROVEMENTS OR EXPANSION (ATTACH ADDITIONAL SHEETS, IF NECESSARY): Juice Manufacturin Line - includes ca abilit far 12 16,46 and 64 oz PET bottles for V8 Tomato V-Fusion and S lash 'uice varieties. Re uired e ui ment includes Pre aration Processes Product Blendin Process Juice Filling Process and Labeling and Case Packing Process. 16. THE ESTIMATED DATE OF COMPLETION OF THE IMPROVEMENTS: Ju1y 2009 17. THE ESTIMATED DATE OF OPERATION OF THE IMPROVEMENTS OR EXPANSION: August 2009 18. ESTIMATES OF AMOUNTS TO BE INVESTED: A. PURCHASE OF LANDBUILDING: $ none B. NEW BUILDING CONSTRUCTION: $ none . OU015~ C. BUILDING ADDITIONS: $ none D. IMPROVEMENTS TO EXISTING BLDG. $ 1] 55,000 E. MACHINERY & EQUIPMENT: $ 46 035.000 F. FURNITURE & FIXTURES: $ none TOTAL INVESTMENT AMOUNT $ 47,190,000 19. TOTAL INVESTMENT ELIGIBLE FOR ABATEMENT: $ 47 190.000 from item 18 (please circle) A B C D E F 20. LIST THE TYPE AND VALUE OF ECONOMIC DEVELOPMENT INCENTNES REQUESTED (I.E., TAX ABATEMENT, LOCAL SALES TAX REFUND, SALE OF CITY-OWNED PROPERTY, ETC.): Tax Abatement $ 47 190,000 21. FOR TOTAL PERSONAL PROPERTY INVESTMENT INDICATED ABOVE IN ITEM 19, LINES E& F, SHOW PROJECTED DOLLAR VALUE IN EACH DEPRECIATION SCHEDULE. L (7 yr) N. (16 yr) II. (10 yr) V. (18 yr) III. (12 yr) $ 46 035.000 VI. (40 yr) $ 1,155,000 22. STANDARD INDUSTRIAL CLASSIFICATION (SIC) NUMBER: 311900 23. NAME, ADDRESS, AND PHONE NUMBER OF CONTACT FOR THE PURPOSES OF THIS APPLICATION: Richard Ouarles - Ph# 903-737-2208 00(115"1 24. INDICATE THE DATE AND TIME THAT CITY OFFICIALS MAY INSPECT THE CURRENT FACILITIES PRIOR TO THE COMMENCEMENT OF CONSTRUCTION: October 15, 2008 25. IF APPLICABLE, THE NAME, ADDRESS, AND PHONE NUMBER OF ANY CONSULTANT/ FINANCIAL ADVISOR ASSISTING YOU WITH THIS APPLICATION: None 26. Chapter 2264 of the Texas Government Code requires that each business that submits an application to receive a public subsidy include in the application a statement certifying that the business, or a branch, division, or department of the business, does not and will not knowingly employ an undocumented worker. An undocumented worker means an individual who, at the time of employment, is not lawfully admitted for permanent residence to the United States or authorized under the law to be employed in that manner in the United States. If after receiving a public.subsidy, the business, or a branch , division, or department of the business, is convicted of a violation under 8 U.S.C. Section 1324a( fl, the business shall repay the amount of the public subsidy with interest, at the rate and according to the other terms provided by an agreement under Section 2264.053, not later than the 120th day after the date the public agency, state or local taxing jurisdiction, or economic development corporation notifies the business of the violation. I hereby certify that Campbell Soup Supply Company, LLC - Paris, Texas Plant is in compliance with Chapter 2264 of the Texas Government Code. 27. NAME AND TITLE OF PERSON WHO WILL HAVE AUTHORITY TO SIGN ANY AGREEMENTS RELATED TO THIS APPLICATION: Richard Landers - Vice-President Taxes 28. DO YOU INTEND TO SUBMIT AN ENTERPRISE PROJECT APPLICATION? NO 29. PLEASE ATTACH THE FOLLOWING: A PLAT SHOWING THE PRECISE LOCATION OF THE PROPERTY, ALL ROADWAYS WITHIN 200 FEET OF THE SITE, AND ALL EXISTiNG ZONING AND LAND USES WITHIN 200 FEET TO THE SITE. Available upon request. The project will take place in the existing plant. 2. IF THE PROPERTY IS DESCRIBED BY METES AND BOUNDS, A COMPLETE LEGAL DESCRIPTION. Available upon request. The project will take place in the existing plant. IF A RECENT APPRAISAL HAS BEEN DONE, ATTACH THE SAME HERETO. OTHERWISE, ATTACH A COPY OF THE PRINTOUT FROM THE LAMAR COUNTY APPRAISAL DISTRICT WHICH SHOWS THE VALUE OF THE PROPERTY. THIS PRINTOUT SHOULD BE AVAILABLE L1PON REQUEST . OOU154 Copies of appraisals attached CERTIFICATIONS 1. THE APPLICANT BELIEVES THE INFORMATION CONTAINED HEREIN AND SUBMITTED HEREWITH IS COMPLETE AND CORRECT TO THE BEST OF HIS OR HER KNOWLEDGE. 2. THE APPLICANT HEREBY CERTIFIES THAT THE EXPANSION OR CONSTRUCTION OF IMPROVEMENTS THE SUBJECT OF THIS APPLICATION HAS NOT BEEN COMMENCED. 3. THE APPLICANT UNDERSTANDS THAT INITIATION OF THE PROJECT PRIOR TO RECEIVING FINAL LOCAL APPROVAL MAY RESULT IN THE LOSS OF THE ABATEMENT. 4. THE APPLICANT UNDERSTANDS THAT, IF APPROVED, THE INFORMATION CONTAINED IN THIS APPLICATION WILL FORM THE BASIS FOR A SIGNED AGREEMENT BETWEEN THE APPLICANT FIRM AND THE CITY. STATE LAW AND LOCAL POLICY REQUIRE ANNUAL MONITORING FOR COMPLIANCE TO THAT AGREEMENT. FAILURE TO COMPLY MAY RESULT IN LOSS OF INCENTIVES. 5. THE APPLICANT HEREBY CERTIFIES THAT THE FIRM IS CURRENT IN ALL TAX OBLIGATIONS TO THE CITY OF PARIS. COMPANY: C /hM. S0 OD . By. (signature) Name : 2,c,~AYLJ T L4-14J&2-5 Title: V~ Date: I U 1 oB . UOt)155 CAMPBELL SOUP SUPPLY COMPANY, LLC PARIS, TEXAS PLANT JUICE PROJECT 2008 APPRAISED VALUE DESCRIPTION VALUE LAND $ 903,620 (refernce attached tax statements) BUILDING / BLDG IMP $ 13,349,130 ttl land8bldg= $ 14,252,750 M&E $ 62,408,380 cold blend abated $ 15,764,230 PERSONAL PROPERTY $ 1,792,990 INVENTORY $ 52,062,420 ttl m&e, inv, pp= $ 116,263,790 TOTAL VALUE $ 130,516,540 Value w/o Land $ 129,612,920 = Capitol Apprasial Value (see apprasial attached) . OOU15'0 CAMPBELL SOUP SUPPLY COMPANY, LLC PARIS. TEXAS PLANT JUICE PROJECT MAJOR EQUIPMENT INCLUDED in PROJECT EMPTY BOTTLE DEPALLETIZER EMPTY BOTTLE CONVEYORS V-7 & FUSION EXTRUCTORS CONTINUOUS BLEND SKID STERILIZER FILLER/CAPPER FULL BOTTLE CONVEYANCE FILL-LABLE COOLER INFEED & SPRAY COOLERS SHRINK LABELING MODULE LABELER FULL BOTTLE CONVEYANCE POST LABEL CASEPACKER CASE CONVEYORS FINISHED GOODS CASE PALLETIZER w ~~~)15 ! TRX113 CAPITOL A P P R A I S A L GROUP INC . 11/20/08 14.27 TAX YEAR 2008 INDUSTRIAL PROPERTY FILE PAGE 1 DETAIL LISTING INCLUDING WITHHELD ITEMS CLIENT: 139 LAMAR COUNTY APPR DIST OWNER: CAMPBELL SOUP COMPANY ~001002) P.O. BOX 116 END=Z PARIS TX 75460 OWNER ID: 000200 ITEM PC DESCRIPTION C-S-T-R-W-M-F-H-D-1-2-3 2007 VALUE 2008 VALUE 010 F2 L-N-P- - - - - - -P- - 8,661,290 8,740,690 IMPROVEMENTS 38122 020 L2 L-N-P- - - - - - -P- - 10,191,760 10,910,580 MACHINERY AND EQUIPMENT 67453 025 F2 L-N-P- - - - - - -P- - 4,730,750 4,608,440 PREGO PLANT-BUILDINGS 108618 028 F2 L-N-P- - - - - - -P- - 15,900,470 15,547,560 PREGO PLANT-PROCESS IMPROVEMENTS 111150 030 L2 L-N-P- - - - - - -P- - 1,867,080 1,792,990 PERSONAL PROPERTY 118992 040 L2 L-N-P- - - - - - -P- - 37,385,260 43,942,830 INVENTORY AT 100% 105335 080 L2 L-C-P- - - - - - -P- - 10,007,100 7,731,190 INV. AT WE PACK W%H @ 100% 2300 SW 13TH FINISHED GOODS 107658 086 L2 L-C-P- - - - - - -P- - 0 0 INV. AT WE PACK - CLARKSVILLE ST FINISHED GOODS 402873 AND 402874 096 L2 L-N-R- - - - - - - - - 0 388,400 INV. @ 6875 LAMAR RD @ 1000 FINISHED GOODS 402875 . U0015v TRX113 CAPITOL A P P R A I S A L GROUP INC . 11/20/08 14.27 TAX YEAR 2008 INDUSTRIAL PROPERTY FILE PAGE 2 DETAIL LISTING INCLUDING WITHHELD ITEMS CLIENT: 139 LAMAR COUNTY APPR DIST OWNER: CAMPBELL SOUP COMPANY ~001002) P.O. BOX 116 END=Z PARIS TX 75460 OWNER ID: 000200 ITEM PC DESCRIPTION C -S-T-R-W-M-F-H-D- 1-2-3 2007 VALUE 2008 VALUE 100 F2 L ---P- - - - - - - P- - 19,751,930 0 PACE IMPROVEMENTS - ABATED 7 YR YR 1 = 2000 R38122 COMBINED WITH ITEM 110 FOR 2008 400353 110 F2 L -N-P- - - - - - - P- - 19,751,930 20,186,010 PACE IMPROVEMENTS 400354 130 L2 L -P-p p-- 0 0 INV. AT WE PACK W/H 7TH SE STREET 402337 AND 402338 140 L2 L -P-P- - - - - - - P- - 275,000 0 INV. 3820 LAMAR AVE. 405625 AND 405626 150 L2 L -N-P- - - - - - - P- - 1,065,000 0 INV. 6290 HWY 271 NORTH POWDERLY 405627 AND 405628 160 F2 L ---P- - - - - - -P- - 8,429,800 15,764,230 COLD BLEND LINE - 117202 A BATED ACCT. EX: A 1.00 EX: A 1.00 N 161 F2 - -N- - - - - - - - - - 8,429,800 15,764,230 COLD BLEND LINE - NON-ABATED ACCT 117204 OWNER TOTALS 138,017,370 129,612,920 Pay ~~i - Do iNal To ,Ys ;s sVO T a TFx ~ 2008 Notice ~f Apprassed Va u+e Th45 WOt7tE ~ _ - - PtflpeY 0. 38122 pwr~rst~~ 1-GD Ofl i~41~lIAR Cfl1l~rlTl( APPRAlSAL D1ST~21C7 Gen if) 13SI-2-0002op-Or,o0110 521 BOTJHAM STREET '°SA Pfl 8OX 400 Legal. CITI( Of PFiRlS. BLOCFC ?SY, Lt)T 14, ACf~S ~12.~~~3 P~,RIS, ~ 75461-04i~0 ~'p-q~--,~~, ~ax: ~3-785,8322 f p~TE i~F T~flTiCE~ AAa~r 23, 2'~~D propeRy 8D 38122 - 039-2-000200-000010 CAMPSE1.L SC9tJ'P SUf''PLY LLC A Df1AWASZE CORP P 9D'Bt3X 397 CAJIPBEL1 PLAC£ CAMDfN. NJ 03103-1 r'39 US Legel Acres: 232.948 5nus: ~ Appraiser: C)wrner 3D. 160217 1W0#t1ilA,i. tl'EAit1?-0GS 1tll411f 23 -:idildE 23, 2000. THE AR$ }1EAi2NG 1NiLL 8E SCNiED439..E0 TO BEGJiNI IDN .l13LY 7, 20DO. Uear Property cirrnel. ePPraiszfE rs t~uf5metd ta~law ~~ed Vae prop2rty iisttr! aDCne tor Ihe tbx }•ear 2'DO8 ~as oi .lanuary 1, our r a 9 pp < iawe N3r: - ~ 6 661 2,3Ci B a D 65+0 - _ $1n:cticre 1 b~~vowerc+e~at.4,~.~13a~e _ _ ~ ~ . 65'v UtarW value, pt wb+ iGrrim~ W~jcM.M - - Uacn.4't VaeAueo14~e753r.81 P'fa~'s'FCifkx~e'tal5 . . . - - c 9W 170 . ca 547 --GJ _ 1C+7R1 idaF'1CC! yd&k:14 . . _ . . . . ~ J - - . a_ `J 1/L .3 . 9 ^~y 3r.~ . ~,u~i7F~SC~S V7JiVWE - 1pibSSJi'.UIC MorinesteaTI LVR9idTl'tL7nS .`4'L` G+E'hStCj S . . . . . . . _ " l . ) ~ . g rtTVPi~Nl C13 HffifT1ES~~L'~ ' ~;{+v'~IC'~77G~ ~'~0T5-MS9Y1'IP$I'~IC uAll7C tl Y.' A 2008 d 1 _..._~j~_____ 7~rcaWe -~A E TaRRae~ S~B &R4~d ~iID~ FreeaeYS~raTd Rs~ahY~ iauN+g Un1t ~ ~ t~t /W W~ - 7eaes Tax Ce41Wmg i _ Y ne f _~'~1W _ - W 5~1~;3~'0 - Aau ri - ~3 ~4Y.3.1t7 0 44~i0 ~12,~i1~ ~l7 ~1:~'rs 37D I.ATM3~1~ C(9JW'fY - 5+{Y 3+k0 5 p 9 SA7.3449 0'S6bID[TCl `~3.kG~~ 1D ~ , . 9:~r5i 39(~ CITl" C1F i'r+vRIS 340 5+3i 9 U Si`vA;.:ia3*0 0 .19bW0 I8.403 73 , . ~4 370 P!C 34Ci 5A7 q 0 9 4~ i.3~'3 S 1o:11£vIV 11 M1.`a2H 1 . . v9 ?'3 WC'rRT#d LY+k1~AR IS~D 547 34v 9 6 9 54?.343 E) M,0Q00 ~ 6D . : y t`~9 l7•u CzTf~-3I ~j~p~'arb'0V D:~F~! pc "OT'Pay Fromn Tih is NrotFte Tozml Es2imaicMl Ta:: 53:6:I8P.21 fiMe d,iTeten::z tnrtr-n 4rz r~3u~2 ~a,~raGSrJ vaRur and the nr3posetl 2D136 a¢ayr~asseJ value is 7G A 5°:~ Tro:s perc~.-n'tage mtarmattun rs requar.-1 Cy 5nx Ca;Yr secc.~"125 TAc Teaas LcgaisJalurc dors nei se1 the anmunl o! yaarr ioca0 taxes. Your property Tar t+sn°eiren rs d+ecQttral dy yrnar loeal7y elesd+ed oyYrcials ar»i ,all inquirics comer,rn,rr►g yous tares sAoaoOd De afhrcted h+ thosr oYficiais. TMe ai:,ovr 4ix eslmna9es use la34 year's Fdx rates tor thE taxttrg un«s stxrwwn The grnrc:mmg bochy ot cacfi und (sctiood bnard^ arnufity c~ovnmissrc~nev s, a~ se~'torth) UecrJ2s ._r ^ s• ¢r,,~ t.:"._. ?Tc ti , ..,.v.. I . ..a» E ~heiireF . ~ ;,~ae.a ~caac. '•,`.,2 2r"'µ :&..o._, .a1 . . ~ _ , . ' Yflmr rC_.ldc^rvce htiymesit?ad is ¢nNeL'ted tmrtl tuturre 7pp7aisal uaiwe tnLrEaSeS iti exCess ni 701:1. pCt yeai !rcrn ttae date ad Yhc ta51 aTspci:ir,al'f°LUS tr:s• -tac ot eny r~~E~v i7m(1jIIlrCf*H'.»l'S It ytri arr 55 years at aqe or oldes aTrot7 trceived'the S 10 403 schnol Sax ezertipSAn tm yv,at Fnarne last yt-ar firn^m 4he Srhocai hstYJ ab3Vc. 1'a.ir sci :3nA ta>ts os thIs y~ac w~~n rnot Ge~ t~~gineJ 4nan arhen yaw #ttst rece:n~eR9 ifie eaeptaun csm 1T~ ham2. tf grou ar~e ckisatrieA aaul Te~a~7 4~ 510 D~DO scflrroi tax e:~~erruyiia:m on ye ~:r n:,m~e vast year tra^. me s:.rooui i,slea abrnre yoxur Scnaoi tLKes tos fts Year w•+N n2tit be tvgZei than Ilh2 2DD3 laxes or tne'frtst pear yoW rL--xiveci the exemKrD+an. rr:Cir,3«e,er rs lzmer fit your c3sr..q. c n; of yLweCIt r,c~tlege has awav'ed a ~i:arniatian r.ri y:wr taxex ors tCne preccedmg yleac y" cxawncy ci4y. or rytimr.,s caEVege ta:es wtit no; be nqm~ • m3n M t;.-sE ye~a+ yccu ooun-+l. v;ti or Fa""'yr %l*ege awtm"tetl tht lrcr.tatrn or Tre f,rs4 yeaT yrj sZuafl;t,e3 lcr fi~e im.a.3,+vn Ii y3m rrI::,ra.ed jp,ur prcgei;y a pz.m,;J eoa s u: Ge,n3:*+gs~ y`a: rs~av' c~:~ty. c~.,y. os q~rrnr~r co;terr ce~ir~y, nay vnca~ea:,e !or t*r~se erar~rL,~e°^~e^m tt yw:j ale a sc. ~i. 5^~,g spa:cse aGC g~ c- y:~:~ rr.~,y re ~;n ;r,E sc'miazz). muny. c:ai j.,ql:rGV 1:0Ih¢9e L3n cerl:;x,i CSr.;ztt't tr.e 3;.WFra+s.:i crTSCe Ay'CJ t4rsa7T-'2t w:h 2n:s qz3''s Prcw,~OsG :l va1uP iDr yOtyr {3mj're^.1+y ,7r r1 1S?:i T+a"t^ eny G'NG:^crn v.:2C ur nh,-mamo, N x*r. ~~+rmrnc3a+no; Ge resokeo. you nave Fre rigmt tD aPPeai io 2tce a,pFra;sii irv,e•w V.rco:u iAR{3; 'I 0 a{c!j.'w•..nl. yvci •manl ttc a wr:tldien {>ra"1est wre;M tihe ARB dre!e-rc lnc tlc.ad[trm d37r: Cre:acInn cur Tlrrng a aro'.est Juner 23. 2008 locallr:,n e'1 beaimy.5 l.At@IF.A'4 C4kt3 Si1 8O'K11AM 4'ARIS. TE.Xl,S i r.>d#;U RF2T5 rvill'Cregm NEwnrvg5. luly 7. 2>0D4S ETC lvstd m mprotest fmmn to Serid Tlse appraisal diStriC.1 ot6rec ayou mTtenmf fi appear and rreseri1 euidencL- betore Ytnp AR$ 1'" 3+RH w,il nctrfy yDu ri1 7nt- datc, t+me, amz4 ~ta~rx ~r,~ ycaua sai'or h+rMrled ~mcg. Emclosed. zrtsa, cs in9ornnatir+n 4n ter.lp you m prePa°"'rrig yQU+T P'otest You = nal n.eEC4 tn uasu tMr rncluseci 4OrRi 10iilc YMcr Ez.^oteSt Yvo i*rcarq prestrst Yyq ktter. vt A KioWes yoe%"r T~~e.,Mour propecVs descrqctron. arid ycnM te'ason !ar prMrstmq It ypLt havr airtzy qtiwstcyns Or need arrOne iT110r:nNN.ruro. vlrase r.rxe[ar.t Thre a'ppTarsal tl'rSt:ac7 odPir,e 2M w[l~ 7Ff5-;6 22 Or at t1he aadTeSs slrnlrrn KiM'roe $rnC,Pr81y. P}i'Y1.175 F'F1YAN C n~e' A;,.-r, . oools[j T., "iS uWT a TaX . 2008 Notice flf Appraised Value ~T ~t~~ ~ s:at~„s LAMAR COUNTY APPRAISAL OISTRICT 521 BONHAM STREET nccount PO BOX 400 Ownership 100 t7X:> PARIS. TX 75461-0400 GEO 10: v Phone:(903)785-7822 Fax: (903) 785-8322 DBA: Legal: n786RRUSSE(t. SuRVFY. TRHCT 20, DATE OF N071CE: M8y 2, 2d?138 acRES ti<eaz PRORERTY iCl: 101114 Situs: C:.fdP9ELL SOt1P SUPPLY t. t_E .1 dELQ1KAPc L ORF O1'lNER ID: 16024 % cs0 c1Qx 391 C;.i1:Pn6cLL "L;.CnE („iilLtllE -'1 ,.J QCl S o - 14fFORL7A1 HEARINGS f.'pAY 2-.DUIUE 2. 2098. THF ARB FIEAR6TtG W1Ll SE SCHEDIJLED TO BEGkJ aN JUNE 10. 2008. ~ OFFICE }iOURS Al2E 8-0:30. 13OtV9DAY-Fi21DAY Gcar Pcaar.rty Owner, we nave aparaised the pronealy lusced aDcave Eoe the cax year 2". As AE .larvuary t, ax,e appralsaR vs mutlemei betowr . _ Appralsal inlormateon ~ iast Ysar - 2tf07 k Proposed _2~8 1 ' 9vur1v.P !t hm(r/qvnrnoni 1,4drk!ii 17a1oaw . - ~ . . . . _ . ~ Ri1~N~eA V31tle OA NOIf Ay/iNtdb@d L.ianrY ' - T uuket va'w ol Agtiimeei Land 14. o•to 41.410 _ ILfarte! Halus a b~aasorul Pr oaaaals ~ _ Tdal tdarket VaEUe S. 6 S 0 S i. G I O 1 ~ ~ - - Producbiarty YaMw af Agrl~m6er ta~d - - • i, 340 , I~ 330 ~ APPraised Yatue' IPosuDle Homestead ltmktatnoans. soe ueensk belanvb i. 3:0 i ~ 3-;G . _ Iwmvstwad Cap 4aN~a s:Nu~eg Non-Flaa►c~vte Value e. Ag. CommoackaY) - - E =e s . - _ _ { 2~ ~i 8 200$ 2i1U7 2008 1 2008 ~ ~ Taxable Taxin ni1 Proed ~ E:e tfon ll I 7axable Tax Rate fstianated Freeze Year and ` Yaluc ~ Assessed value Amaunt Yalue ~ i ya:css Tax Cetling•• 1,340 LALfRR COIItrCY ],340 0 5.346 O. 94?90CU 5 93 1, 340 I1o}Y6'11 3Ji!!1\R ISD 3, 34L) D 2,340 3. 1582 bC1 15 5fi 3. 3•Sfa cEICTRAl. A?PAAISAL DISPR7C 3.34i. O 7.340 D.OOOOncr 0 (1Ea TOTAL ES7aMnTEO'AAXES: S-'I 59 iF: ~ 'S;• , . . w' .r.~[. ~ A'~:' i i r .°;I J .i.iL... l , t ,.i[, Fi.tif+.,:f L... _6 . ~ .'A . The 7e:as Legislature dbes not set Jhe amvunt o! yow loc21 iaxes. Yw3r property tax burden is r0ezidedby yow locaiir efeet,ed vflicials, anci aA &xuiyies conoer»i►+g yow taxes should be dkerted in tl=e o1licials_ g^C atmvC iax C51nm84C5 u5C 9aSF YCar'S t3x +3Ye5 toT 9RC [aKennC LnitS SltOwn. IW. ~)Qtermrtr') hQ¢!y CF a$rn uri8 fS~htnctl' Uacn?re!, rOUnzV comrnissraners, ana so tortny dee+des wnesher prape+Ey taxes uncaease Tne apprassav, ctestr«[ aniy cFeeerrnenes your pcoperty•s vauue. jRe taxic,g urtits wr1t set tax rates fater chis year ' YpUr r@SitlCrtCC homeSl@ad ts pratected trom tneture apprassal vBtUC ortCr[aSCS in exce55 o1 id°:, per year irpcn [he (9a[e ot me kast aRAfaisal %t.US [he v31ue of ;lny new tmprpveirt@ret5 - if you are age 65 a{ alder anQ recetved tfie St0,Q0a school tax exempt«n on yi,ur home {aS[ year trom tne scrtcsoi itsred atiove, your scnool taxes tup tnis year will rtpt b¢ high@r [h3n when you tirst received the exemptcon pn youG home. It you 3re as5ableQ 3nu receivee3 the SZa,QCO school tax eMemption Dn youf home tasi year trpm the school ttsFed above, yaur schnot Eaxes toc thts year wi;l not tre hEgher than the 2003 taYes or thc hrst year you reteiveU ihe exerrept+on, whichever is later. t4 your coun9y , crty, or juniov colfege has approveci a tinutatiun pn your laxes tn Fhe preceding year, you► county, eity, a+ junior cotteqe taxes :v1~l not be he7Rea than the lirst year your county, erty, oa tuntar college apprmved the Eomitahon or the hrst year you qva6fied far [he 1irnatatcon. N you improveC your paoperEy (by aUding rmoms nr taw!cSenqs, tor example) yottr school, county, city_ or juntor college eekiing may increasr la7 Ihese uracprovecnen,s. 91 you are a survsviN spouse age :r5 af ayVClen. you may Retaua the school, caunty, zity. or juniar college !ax ceiling. it you wisn tv aEpcai, you must fiie a M7it1TTEN proies] wilh Me AA9 12eAarrr Ihe iluadline daie: Deadline for liling a protest: JLiNE 2. 2008 Location of 1-learir►gs: LAMA3t CAD 521 BONNAM PARIS, TEXAS 75460 ARS wiU begin hearings: 3UhiE 10. 200$ a protest F OHM Io senU to the Appratsal E?istnct Otfice is oR the hack ot this rohce, it you intenei to a¢aear artc2 presen; ev idence beEOre [he aA8 A protes[ ~s suNicrent Et i[ indudes tne pra[esting properry owner, account rumbec, prapeFry 3ddress ano reasor, tor protest, ng i he ARB wi11 nottfy you 6f ;ne Qave. t,me, arrci Qlace ot •faur SChCCtU1C(i he:8r .f1g. [nCld52ff, 3f5J. t5 ir~tormation [O rCtp yC2u Irt preParlng y0uf prOICSt. It you h3vC any quCStt0n5 Dt t1Eetl mOre intmtrndie0n. ¢Ie35C C6nE3Ci :tte 3rptat53G UiSiricf CSttiCe: 3C Qrs03) 785-7822 ar 3( thC ad0te55 Snflwrs ebove 000161 TAis is NOT a Tax nat~~< < 2008 Notice 4f Appraised Vaiue LAMAR COUNTY PR APAlSAL DISTAICT 321 BONHAM STREET PO SOX 400 PARIS, TX 75461-0400 Phone: (903) 785-7822 Fax: (9ai) 785-8322 DATE OF NOT1CE: May 2, 2008 nROPERTy ID: 705329 - CAMo@ELL SDUa SuPP! v Lt_C n DC=;.tiuaKE CORP QO BOx 391 Ca70PBELL PLaCE CAMDEN +vJ 081(1j ~ Do Not Pay Fforn This Norice Accmnt 105379 owne.shipx: I oo. ca GEO 117: oBa: legal: CiTY dF PAROS, 3LOCK 797„ LOT t<-a, aCRES 2Q}.32 situs: ~ 0W,14Fa io: 7602;- _ INfflRMAL HEARiNGS MAY 2- JUiNE 2. 2008_ THE ~ ARB 1iEARiNG W1LL BE SCHEdMED TO BEGIN ON JUNE 10, 2008_ OFFiCE HQURS ARE 6-4:30. ktiDNDAY-fR10AY Qear Property Owrter, tax year 20€18. As m1 January t, pra~sed the property Ilsted above for ihe have a W our appraisal is ou[fined_below. _ _ l p e - - i Last Year _ 2007 .----PwPmed - 2a08 - ! n~n+ Appra15a1 1nlarmat ` - - - - ~ o a . Slruclune E knpcoven"!a uarkal Yalue 0 O - Narket VaMie of Non Acyifmber Laad . _ - . d - _~.596 - . SS,SoO Ltarket Vi1ue 01 A9/I I~Ml~ LaT1d 6 O . _ wrket value ol P~rsoseal PropeAY+~lmeera~s , - - - 19,59D - - - 55.566 . Toq1LlarAat Vakn 1 , 970 Prod~x~evNq Vaiuo a! Ag~Timr+~et LaoKtl ' 1 7 970 ~ 1,970 oar) r~p ra~sea value lPmss~bN lianesiaad Lwn.talinns, see asoea~s.k ~ . 0 a Znmmarciaty wrstsad CaV Vah» eicludng t3vnr}lanesats ►Yalue A~l, t#o _ _ - - E:eenpiwns ~ 2 ~ . 007 2008 ~ ` 2007 ` ~oposed i ExemP~ion ' Taxable Tax Rate i Estimated Freeze Year and t TaxaWe Ta~cing Un iASSessed Vaiu~ Amount Va1ue Taxes - Tax Ceii➢ng Value 970 B ' , _ Q 2.4?9~ 4?.43:"?GO g y- . x 1.970 LVl11R' Cb~tr1 9')fi ➢ 0 t. 9'SD 0 . 56I]i)Gi0 18 . D4 1,970 CI?Y PF PAR35 970 1 G 1,970 O 29BOfD(b 3 90 , 1,970 YJC 470 2 1) 1.970 i.I66I5u 23 OF . 1.970 2tOR'tFi IJtY.R.rc dSLD 570 1 0 i. 47U fI. !3II00'J(> 0 00 , 1.970 CEt:f'R:.L .`.PFRAiSi.L DFSTTZIC TOTAL ESYIf.1ATED TAXES: S46 e7 . . . c:' . . "~_s ~r^9.i. `c~ \4LLt .h_ 'n,:'.:...~ -r~~ci: ;t " .c.[,ti'C.. f G.~ 7 (..'-4 1`. ~ ~he Texas leyislatwe dnes not set tt~e amo~nt of yovr lacal taxes. 1'vu► flfopertY tax burden udecided by yswr 1nca1lY eJected oflicials, and all inquiries corxem+r+4 your taxes s~~d be ckrectQd to ttmse ofticials. ilne above taY esitmales use Ias9 year"s lax rates fue ihe 9axiaey units shmvrn. The govermir,g bady Ot each Lon'C lschuaf bna►d. courtiy .f,_ ::;+V•a:a.n; ~...s. : .y 2''=~GwC.:j c_~ un,tti will Se[ Fax ratcS fa4ertRes year 'Youc restdence hamestead es protectea trom 6utuce aDpRahsalvalue ircfeases in excess ot Rer yeaP from tne da[e oE the dast appraisaE PLUS tRe value of any Rew improverraen[s- It you er¢ a48 65 Pi 09dCr d4oCS fBCCevCU Ik+,E SS41,900 SCM*iPoh 68x Cxemptian orn yCto 3noine IaSI yCdr tt8m 3he 5ChO0l IiSBL'(d atDOYC, y'ouR 5ChDod taxes tae lhus year Mrill noa De highw than when you 9Frsc seceived ohe cx,r.anpihmn sars ymur home. 'ti you airs dasab9ed and rcceivc0 ehe SID.~Dw sznnof ta: exermpaeon an yow hame last year troraa t'he scbaof niseed above, ymur schaul taxes lor Rhos year wrnAB not be higher thaaa the 2003 taxes, or the Iirst year you recelved the eYemp6uoro, wlaichever is taieo_ IE you► county. , ci6y, of punkof college has appxoved a lienr9aiion on your taxes on the preceding year_ yau► coumy. Gity, or furnat coiGege taxes 4vilt rto: Qse hcghec than the tirst year ymcu county, city, or ecusios cotlege approrred 6he 6imRanon ar [hse fust year you qualcEieef Ear the Iimo3atcoR IR you improved your pcoperty 6by aacstng roesQ*+s or butfdcngs. kor exampte) your schonl, county. ciIy, or jurnot COtlege Ceifux; rnay oncrease tor these imRrpvemenBS tit you are a wrvtuirtg spouse age 55 na ol;cier. you may reiain the SCh061. C6unSy, City. Or puna0r COIICgC t3x C@a61ng_ If you wosh ta appCal, you anvsi fiie a YVREI TE6V ptOtes4 with nhe RF38 bato+e Ihe deadlane d3cu: Deadline 1or filing a protest: ,ri1NE 2, 2008 Location o1 Nearings: lA1rWR CAD 521 80P➢FiAM PAR15, TEXAS 75460 ARB wili hegin hearings: JUNE 10, 2008 a pcotest FdRM!o send ro the Appraesal DistncE OHice is on the l2atk ot this notice, tt you hnrend 6a appear anc1 Wesent evidence helore the :.R8. owner you o tne tlate~ome.1a~nd p►ace oftyaurrschedu ed h areng Enctased, aiso~m~wmaPon io'~elp you ~~a~+~ n9l Yo~i£p°ol95tThe AR9 will noSi9y tf you hava amy qa,estioQes or neeci rnOTe iniacrnazion„ plcase contact thc aWausal dastrict o9iaLe aa i303) 785-7822 or a3 the address showr, abmvc. L~ ~ UIJ( ) 16 EXHIBIT "A" TO TAX ABATEMENT AGREEMENT (Follows this Page) (30U163 . . . . . . ....r._. ..r....r_. EXH{BIT g. . u~~U16i 0 000165 EXHIBIT "B" TO TAX ABATEMENT AGREEMENT (Follows this Page) 10 OOtlM CERTIFICATE OF COMPLETION STATE OF TEXAS } COUNTY OF LAMAR } CITY OF PARIS } The City of Paris has included the property described in Exhibit A attached hereto into Reinvestment Zone Number and executed a tax abatement agreement with for certain improvements or repairs. has complied with all terms of the tax abatement agreement and the City of Paris herein verifies that the improvements agreed to be built or used were in fact completed, as provided. NOW, THEREFORE, the City of Paris authorizes that the property described herein shall receive a tax abatement of of the taxes assessed upon the increased value of the improvements over the value in the year in which the tax abatement agreement was executed for a duration of years, beginning January 1, APPROVED this day of Mayor ATTEST: Janice Ellis, City Clerk APPROVED AS TO FORM: W. Kent McIlyar, City Attorney i . 00016 EXHIBIT "C" TO TAX ABATEMENT AGREEMENT (Follows this Page) w ooU16S EXHIBIT C CITY OF PARIS, TEXAS POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT I. General Purpose and Objectives. The City of Paris, Texas (herein called the "City") is comnutted to enhancing the competitiveness and the expansion potential of the City's manufacturing industry; to attracting and encouraging new manufacturing industry and investrnent; to improving the City and its infrastructure which attracts and supports development; and, to expanding the tax base, employment opportustities, and the overall quality of life for its citizenry. Therefore, the City will give consideration, on a case-by-case basis, to providing tax abatement according to state law to the owners of real property for projects which stimulate economic growth and diversification in the City. Tax abaternent benefits may be made available to industrial, manufacturing, distribution, and service facilities currently in the City or locating in the City if located in a designated Enterprise Zone or Reinvestment Zone. New facilities and structures as well as the expansion and moderriization of existing facilities and structures, will be considered. Evaluation of a tax abatement request will be based on the information provided in the tax t abatement application. However, the City is under no obligation to provide tax abatement to any applicant. II. Definitions a) "Abatement" or "abatement" means "tax abatement", which is the full or partial exemption from ad valorem taxes of certain real and tangible personal property in a Reinvestment Zone designated for economic development purposes. b) "Agreement" means the written agreement for tax abatement between a property owner and/or lessee and the City. c) "Authorized Facility". A facility may be eligible for abatement if it is a Manufacturing Facility, a Research Facility, a Regional Distribution Facility, a Regional Tourist Entertainment Facility or Other Basic Industry (all of which terms are defined below); or if the facility is a Historic Property defined in Section IV (b) below within a City of Paris Historical District. d) "Base Year Value" means the.assessed value of eligible property as of January 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 year to year as per renditions by the Lamar County Appraisal District. . ~ ao0isS e) "Employer" means the owner or lessee of Property who provides Jobs within the Reinvestment Zone or within the Enterprise Zone, applying for tax abatement. f) "Enterprise Zone" means an area of land designated as such under Chapter 2303 of the Texas Government Code. g) "Jobs" or "a Job" as used herein means a position of full-time employment for an individual to work 32 hours or more per week for an Employer, in which position the individual is provided the benefits normally offered by the Employer, such as health insurance, vacation time and some form of retirement benefit. A Job is not a position filled for the Employer as a worker or employee of an employment agency or service. "Jobs" as used herein includes "Full-time Equivalent Jobs", as defined below. h) "Full-time Equivalent Jobs" means a number of part-time jobs where the hours worked in each such job is less than 32 hours per week, made available by one Employer and added together. For example, sixteen (16) part-time jobs made available by one Employer where all such part-time jobs added together require a total of 352 hours of work per week (but no such part-time job requires 32 hours of work or more per week), will equal eleven (11) Full- time Equivalent Jobs (352 hours ciivided by 32 hours per week equal 11). Full-time Equivalent Jobs do not require the employee to receive benefits from the Employer. i) Manufacturing Facility' means buildings and structures, including fixed machinery and equipment, the purpose of which is or will be the manufacture of tangible goods or materials or the processing of such goods or materials by physical or chemical change. Facilities < prirnarily engaged in assembling component parts of manufactured products are also considered manufacturing facilities. j) "Modernization" means the replacement and upgrading of existing facilities which increases the productive input or output, updates the technology, or substantially lowers the unit cost of operation. Modernization 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, repairing, or deferred maintenance. k) "Other Basic Industry" means buildings and structures, including fixed machinery and equipment, not elsewhere described, used, or to be used for the producdon of products or services which result in the creation of new Jobs and bring new wealth into the City. 1) "Personal Property" means machinery, equipment, tools, shelving or materials eligible under applicable law for tax abatement, which can be removed from an authorized facility described in Section IV (a) below. m) "Property" means Real Property or Personal Property defined herein, as is applicable accorcling to the context where used herein, that is eligible for tax abatement. n) "Real Property" means the land within an Enterprise Zone or a Reinvestment Zone, together with all improvements and fixtures constructed or otherwise situated thereon. 2 OIJol~G _T_ _.T. o} "Regional Distribution Facility" means buildings and structures, including fixed machinery and equipment, used or to be used primarily to receive, store, service, or distribute goods or materials where a majority of the goods or services are distributed to points at least 100 miles from its location in the City. p) "Regional Tourist Entertainment Facility" mearis buildings and structures, including fixed machinery and equipment, used or to be used in providing amusement/ entertainment through the admission of the general public where the majority of users reside at least 100 miles from the City and where the majority of users are likely to stay in the City for more than one day and will therefore likely utilize local restaurants and hotel/motel accommodations. q) "Reinvestrnent Zone" i.s an area where the City or County has 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 improvernents. r) "Research Facility" means buildings and structures, including fixed machinery and equipment, used or to be used primarily for research or experimentation to unprove or develop new tangible goods or materials or to improve or develop the production processes thereto. s) "Tax Abatement Committee" means the committee of persons designated from time to time by the Paris Economic Development Corporation to study, review and recommend tax abatement to the applicable taxing entities in the community. The Tax Abatement Committee will be composed of one person from each of the City (the City Manager or designee), the County of Lamar (the County Judge or designee), Paris Junior College (the President or t designee), the Chief Appraiser of the Lamar County Appraisal District, and the Executive Director of the Paris Economic Development Corporation. _ III. Designation of a Reinvestment Zone. 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 Sec. 312.401 (b)). For any area within the jurisdiction of the City to be eligible for tax abatement it must meet the criteria for designation as a tax abatement Reinvestment Zone as set forth in the Properiy Redevelopment and Tax Abatement Act, Texas Tax Code Chapter 312. IV. Tax Abatement Authorized. The City, through its Council, may agree in writing with the owner and/or lessee of taxable Real Property that is Iocated in a Reinvestment Zone, but that is not in an improvement project financed by tax increment bonds, to exempt from taxation 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 3 - uo0i7i. . . . . . . ...T.. .....r.... . Real Property in each year covered by the agreement only to the extent its value for that year exceeds the Base 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 abatement may only be granted for additional value of eligible Property improvements made subsequent to and specified in an abatement agreement between the City and the Property owner or lessee subject to such limitation as the City may require. The additional value must exceed any reduction in the fair market value of other property of the owner already on the tax role with the jurisdiction of the City. 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 aciual capital expenditures. The negotiation of tax abatement contracts will be conducted by the Paris Economic Development Corporation, in conjunction with the City Manager or designee to the Tax Abatement Committee. In determin;ng where and how tax abatement will be utilized, the Tax Abatement Committee will examine the potential return on the public's invesiment. Return on public investment will be measured in terms of (i) Jobs created, (u) Jobs retained in cases of existing Employers within the City, and (iii) broadening of the tax base, and expansion of the economic base. A property owner and/ or lessee shall be eligible for tax abatement only upon the following terms and conditions: a) If:the Property involved is an Authori.zed Facility. b) If the Property involved is a Historic Property. In the City Hi.storic Districts there are certain commercial and residential tax exemptions allowed. Exterior improvements in the historic districts are allowed at 100% for seven (7) years with a m;n;mum investment of $5,000 for residential property and $10,000 for commercial property. New residential consiruction requires amin;mum investrnent of $100,000 to be considered for a three (3) year 100% exemption. New commercial construction requires a m;nimum investrnent of $200,000, for a 100% tax exemption for three (3) years. c) If there will be the creation of new value. Abatements may only be granted for the additional value of eligible Real and Personal Property improvements, subject to such limitations as the City may require. 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. d) If there will be new Authorized Facilities created, or if existing Authorized Facilities will be unproved for purposes of modernization or expansion. e) Eligible Property. 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 4 Authorized Facility; provided, however, that inventory or supplies shall not be eligible for abatement. Eligible property for which abatement may be granted includes nonresidential real property and/ or tangible personal property not located on the real property at any tirne before the abatement agreement becomes effective. fl Leased Authorized Facilities. If a leased Authorized Facility is granted abatement, the agreement may be executed with the lessor and/or lessee, depending upon the particular circumstances of the proposed project. If the agreement is with the lessor, Iessor shall demonstrate binding contracts with the lessee to guarantee compliance with the terms of the agreement. g) Value and Term of Abatement. The City will decide whether to grant tax abatement to an applicant, and the amount, if any, of such abatement, on a case-by-case basis and in accordance with these Criteria and Guidelines. The term of abatement granted under any agreement may not exceed that permitted by applicable state law. The amount of the abatement shall be based upon a percentage (0 to 100%) of all or a portion of the eligible property witYun the Authorized Facility. Abatement may only be granted f"br the additional value of eligible property improvements made pursuant to and listed in the agreement between the City and property owner and/or lessee subject to such limitations as the City may require. 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(s). The criteria that will be used in evaluating a particular application for abatement will include, but not be ]imited to: 1) The dollar amount of the increase in the tax roll for the proposed project; 2) The number of Jobs created or retained by the Employer involved; 3) The possible effect the proposed project will have on attracting other taxable 'vnprovements into the City; 4) The nature of the proposed project and its overall effect on the City; 5) The proposed project's effect on the safety, health, and morals of the City's residents; 6) Whether the proposed project will have any substantial long-term adverse effect on the provision of City services or its tax base; 7) Whether the project meets all relevant zoning requirements; 8) Whether the project is consistent with the comprehensive plan of the City or County of Lamar; and 9) The types and cost of public unprovements and services (water and sewer main extensions, streets and roads, etc.) required of the City and the types and values of public unprovements to be furnished by the applicant. h) Economic Qualification. In order 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 the retention or creation of Jobs in the City during the term of the agreement; 3) Should not be expected to solely or primarily have the effect of inerely transferring existing employment from one part of the City to another without demonstration of increased future investment (Dollars or Jobs) or unusual circvmstances whereby without such a move employment is likely to be reduced; 4) Must be necessary because capacity cannot be provided efficiently utilizing existing improved Property when reasonable allowance is made necessary improvements or relevant governmental actions. i) Taxability. During the term of the agreement, taxes shall be payable as follows: ` 1) The Base Year of eligible property as determined each year by the Lamar County Appraisal District shall be fully taxable; and 2) The additional value of eligible property above the Base Year Value shall be taxable in the manner described in the agreement. The Chief Appraiser of the Lamar County Appraisal District shall annually determine an assessment of the Real and Personal Property comprising the Reinvestinent Zone. Each year, the Employer, the company or individual receiving abatement pursuant to an agreement shall furnish the assessor with such information as may be necessary to determine the amount of any abatement. Once such value has been established, the Chief Appraiser shall notify the affected jurisdictions which levy taxes on such Property and the Paris Economic Development Corporation. The Employer, owner or lessee of eligible Property requesting tax abatement within a Reinvestment Zone shall, prior to the commencement of eligible properiy improvements, agree to expend a designated sum of money and to create or retain a certain number of Jobs, or annual payroll as further defined below. V. Tax Abatement for Real Property; Creation of Jobs: Tax abatement may be made available to Employers creating Jobs with respect to an Authorized Facility located anywhere within the City or its extra territorial jurisdiction based on the following: w V0li171t a) To be eligible for any tax abatement, there must be a minimum capital investrnent in the Authorized Facility of $250,000 and at least ten (10) new Jobs added to the Employer's labor force. b) When an abatement percentage has been agreed upon it shall be granted for years one (1) through three (3); thereafter, there will be a 20% reduction in the original_percentage abated beo nning with year four (4) and a similar reduction of 20% in each of the next three years until 100% of the Real Property valuation is added to the tax rolls. This forrnula is exemplified in Exhibit "A", attached to this document. c) Criteria for qualification for tax abatement are as follows: Capital Investment and Newly Created or Jobs Possible Abatement Minimum Annual Payroll Created (lst 3 Years Onlv) $250,000-$500,000 $125,000 10-25 20 % $500,001-$750,000 $325,000 26-50 30% $750,001-$1,000,000 $635,000 51-75 40% $1,000,00141,500,000 $945,000 76-100 50 % $1,500,001-$2,000,000 $1,260,000 101-125 60 % $2,000,001-$3,000,000 $1,570,000 126-150 70% $3,000,00144,000,000 $1,880,000 151-175 80% $4,000,001-$5,000,000 $2,190,000 176-200 90% $5,000,001-$10,000,000 $2,500,000 201-225 100% d) Any project with a capital investment of more than ten million dollars ($10,000,000), accompanied by a newly created minimum annual payroll of two and one-half million dollars ($2,500,000), or creating more than tcvo hundred twenty-five (225) Jobs will be individually negotiated. No abatement will be granted for more than specified in state Iaw. e) If a newly created business is located or will locate within an Enterprise Zone, an additiona110 to 20% abatement may be available as individually negotiated, with total abatement not to exceed 100%. VI. Tax Abatement for Personal Property; Creation of Jobs: The City recognizes a significant difference in the valuation of real progerty and personal property. Because of depreciation schedules, often the abatement of personal property is basically a tax exemption. For this reason, the abatement schedule for personal property versus real property is significantly different. If personal property should become obsolete and be replaced while under an abatement agreement, the replacement personal property is not eligible for abatement. a) To be eligible for any tax abatement on Personal Property, there must be a m;n;mum capital investment of $250,000 in Personal Property and at least ten (10) new Jobs added to the Employer's labor force. , 7 ~ UOU175' b) When an abatement percentage has been agreed upon it shall be granted for years one (1) through three (3); thereafter, there will be a 20% reduction in the original percentage abated begirming with year four (4) and a sintilar reduction of 20% in each of the next three years until 100% of the Personal Property valuation is added to the tax rolls. This formula is exemplified in Exhibit "B", attached to this document. c) Criteria for qualification for tax abatement are as follows: Capital Investment Newly Created or Jobs Possible Abatement Minimum Annual Pavroll Cxeated (1st 3 Years Onl4 $250,000-$350,000 $125,000 ' 10-25 20% $350,001-$500,000 $325,000 26-50 30% $500,001-$750,000 $635,000 51-75 40% $750,001-$1,000,000 $945,000 76-100 50% $1,000,001-$1,250,000 $1,260,000 101-125 60% $1,250,001-$1,500,000 $1,570,000 126-150 70% $1,500,001-$1,750,000 $1,880,000 151-175 80% $1,750,001-$2,000,000 $2,190,000 176-200 90% k $2,000,001-$3,000,000 $2,500,000 201-225 100% d) Any project with a capital invesiment in personal property of more than three million dollars ($3,000,000), accompanied by a newly created min;mwn annual payroll of two and one- half million dollars ($2,500,000), or creating more than two hundred twenty-five (225) new jobs will be individually negotiated. No abatement will be granted for more than specified in state law. e) If a newly created business is located or will locate within an Enterprise Zone, an additiona110 to 20 % abatement may be available as individually negotiated, with total abatement not to exceed 100%. VII. Tax Abatement for Existing Employers Regarding Real or Personal Property. The City recognizes the value of its existing Employers to the well-being of the community and desires to encourage existing Employers to remain in the City 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 City), owns or leases an Authorized Facility and has plans to improve such Property by constructing new unprovements on its Real Property and/or adding new Personal Property to its Authorized Facility which qualify for tax abatement under these Criteria and Guidelines, such Employer may be eligible for tax abatement with respect to such improvements to its Real Property or its new Personal Property under the provi.sions of Article V and VI above, even if 8 ~ 000176 no new Jobs or Newly Created Miniulum .Aiuzual Payroll are created. In these cases involving existing Employers, the criteria for tax abatement for improvements to Real Property at Authorized Facilities are identical to that set forth in Article V above (except that no new Jobs or Newly Created Minimum Annual Payroll are required); and the criteria for tax abatement for new Personal Property added to Authorized Facilities are identical to that set forth in Article VI above (except that no new Jobs or Newly Created Minimum Annual Payroll are required). In this regard, however, the City encourages existing Employers to retain as many Jobs and as much existing Annual Payroll as is economically feasible for the existing Employer to do and remain competitive in its industry. VIII. Application. a) Eligibility. Any present or potential owner of taxable property in the Ciiy may request tax abatement by filing a written request with the City Manager or County Judge, with a copy of the said application to be forwarded by the applicant to the Executive Director of the Paris Economic Development Corporation. b) Form. The application shall consist of a completed application form accompanied by the following items: 1) A general description of the improvements to be undertaken together with the projected new value to the Properiy 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; 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 of the Reinvestrnent Zone; 6) A time schedule for undertaking and completing the proposed improvements; 7) The type and value of any economic development incentives requested; and 8) Any other information about the proposed project as may be required by the City or as deemed desirable by the City. c) Review. Once the application has been received; the information submitted will be reviewed by the Tax Abatement Committee for completeness and accuracy. The Committee le 000177 will then distribute the application to the appropriate department heads and taxing entities for review and comment. In addition, no tax abatement application shall be considered for further processing by the governmental entities unless first approved by the governing board of the Paris Economic Development Corporation. d) Public Hearing. The City will comply with certain public notices and hearings required as mandated by state law under the Property Redevelopment and Tax Abatement Act prior to the designation of a Reinvestment Zone and execution of a tax abatement agreement. The City 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 Chapter 312 of the Texas Tax Code have been satisfied. e) Findings. In order to enter into an agreement, the City must find that the terms of the proposed agreement comply with these Guidelines and Criteria, that there will be no substantial adverse affect on the provision of City services or tax base, and that the planned use of the Property will not constitute a hazard to public safety, health or morals. Incident to approval of any ordinance designating a Reinvestrnent Zone, the City 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 City after the expiration of the agreement. f) Variances. Requests for variance from the provisions of these Guidelines may be made in writing to the City; 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 the City Council. IX. Agreement. After approval, the City 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: a) The Base Year Value; b) Percent of increased value to be abated each year; c) The commencement date and the termulation date of abatement; d) Amount of investment and average nwnber of jobs involved during the term of the agreement; e) The proposed use of the Authorized Facility, nature of construction, time schedule, plat, property description, and irnprovement list, as provided in the application; fl A listing of the kind, number, location, and costs of all proposed improvements of the 10 ~ 00(317~~ Property; g) 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 property tax abatement i.s in effect; h) That access to the project is provided to allow for the inspection by City inspectors and officials in order to ensure that the i.mprovements or repairs are made according to the specifications and conditions of the agreement; i) That property tax revenue lost as a result of the tax abatement agreement will be recaptured by the City if the owner of the Property faiLs to make the improvements or repairs as provided by the agreement; j) Each term agreed to by the owner of the Property; k) A requirement that the owner of the Property shall certify annually to the City that the owner is in compliance with each applicable term of the agreement; 1) Contraciual obligations in the event of default, violation of terms or conditions, delinquent taxes, recapiure, administration and assignment, or other provisions that may be required by state law, or in the discretion of the City Council; and m) That the City may cancel or modify the agreement if the Property owner fails to comply with the agreement. X. Default. If the City determines that the person or entity receiving an abatement is in default according to the terms and conditions of its agreement, the City 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 City 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 then may be modified or terminated without further notice, and the agreement may provide a formula for recapture of all or part of the taxes abated. At any time before the expiration, any tax abatement agreement may be ternlinated by mutual consent of all parties involved in the same manner that the agreement was executed. XI. Confidentiality of Proprietary Information. Information that is provided to a taxing unit in connection with an application or request for tax abatement under these Guidelines and that describes the specific 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 i.s contidential and not subject to public disclosure until the agreement is executed. Such infornnation in the custody of the City after the agreement is executed is not confidential under these Guidelines. 11 . OOU179 XII. Proposed Tax Abatement Ab eements to be decided on an Individual Basis. The adoption of these Guidelines by the City does not ]imit the discretion of the City Council to decide whether to enter into a specific tax abatement agreement, or limit the discretion of the City Council to delegate to its employees the authority to determuze whether or not the City should consider a particular application or request for tax abatement, or create any property, contract, or other legal right in any person or entity to have the City Council consider or grant a specified application or request for tax abatement. XIII. Inspections. The agreement shall stipulate that employees and/or designated representatives of the City will have access to the Reinvestment Zone during the term of the agreement to inspect the Authorized Facility to determine if the terms and conditions of the agreement are being met. All inspections will be made only after the giving of at least twenty- four (24) hours' prior notice and will only be conducted in such a manner as to not unreasonably interfere with the construction and/or operation of the Authorized Facility. All inspections will be made with one or more representatives of the company or individual and in accordance with its safety standards. Upon completion of construction, the City shall annually evaluate each Authorized Facility receiving abatement to ensure compliance with the agreement and report possible violations of the agreement to the City Council. XIV. Modifications of Agreement. At any time before the expiration of an agreement made under these Guidelines, the agreement may be modified by the parties to the agreement to include other provisions that could have been included in original agreement or to delete ~ provisions that were contained in the original agreement. The modification must be made by the same procedure by which the original agreement was approved and executed. The original agreement, however, may not be modified to extend the term of the agreement or the term of the abatement granted therein beyond the time permitted by state law. XV. Assignment. An agreement may be assigned to a new owner or lessee of the Authorized Facility only with the prior written consent of the City. Any assignment shall provide that the assignee shall irrevocably and unconclitionally assume all the duties and obligations of the assignor upon the same terms and conditions as set out in the agreement, and the City's approval shall be subject to the determination of the financial capability of such assignee. Any assignment of an agreement shall be to an entity that contemplates the same unprovements or repairs to the Property, except to the extent such improvements or repairs have been completed. No assignment shall be approved if the assignor or the assignee is indebted to the City for ad valorem taxes or other obligations, or if any event of default under the agreement remains uncured. XVI. Administration, Contract Review and Monitoring, and Reporting. a) The Paris Economic Development Corporation shall be primarily responsible for the adininistration, review, and monitoring of tax abatement agreements authorized by the City under these Guidelines. These responsibilities shall include verifying that participants in tax abatement agreements are in full compliance with the terms of the agreement. 12 . uuul81U, b) The Paris Economic Development Corporation shall expeditiously advise the City in writing of any instances of contract non-compliance by tax abatement participants. In addition, the Paris Economic Development Corporation shall, on an annual basis, conduct a performance review of the activities of each tax abatement participant and report the findings of such review to the City Council. c) The City shall retain the right to independently review and audit the activities of tax abatement participants. d) The City shall be responsible for enforcement of the terms of any tax abatement agreement authorized hereunder. XVII. Amendments. These Guidelines are effective for a two (2) year period from the date of their adoption, unless amended or repealed by the affirmative vote of three-fourths (3/4) of the members of the City Council. For a tax abatement application or additional information contact: Paris Economic Development Corporation 1125 Bonham Street Paris, Texas 75460 903-784-2501 800-727-4789 Fax 903-784-2503 Email pedc@paristexas.com 13 a VOU1Vi _ . . , . . . _ _ . _ T. _ Tax Abatement for Real Property; Creation of Jobs For Paris Warehouse 107, Inc. (WePack) Exhibit A Year 1 'Annual*- Abatement ~chedule** Abaternent% 80.0% i A.. $ 3,150,000.00 $ Amount' 2,520,000.0~ 2 100% 80.0% $ 3,150,00 -0 00.0-00 $ 2,520,000.00 3 100°/a 80.0% $ 3,150,000.00 $ 2,520,000.00 4 80% 64.0% $ 3,150,000.00 $ 2,016,000.00 5 60% 48.0% $ 3,150,000.00 $ 1,512,000.00 6 40% 32.0% $ 3,150,000.00 $ 1,008,000.00 7 20% 16.0% $ 3,150,000.00 $ 504,000.00 8* 0% 0.0% $ 3,150,000.00 $ - * Starting the 8th year the company wiil pay 100% of their taxes. This schedule shows how the original abatement % is affected for a specific year. (Example: During the first 3 years the company will receive 100% of the original abatement percentage. In year 4the company wili receive SO% of the original abatement percentage.) . U0018.1L ..1 . . . . ....T....._ ._._.,......T._.. . Tax Abatement for Personal Property; Creation of Jobs For Campbell's Soup Company LLC Exhibit B Year 1 Annuai ,Abatement Schedtile" 100% Abatetiici 100.0% A... Value $ 17,700,000.00 AAbatement Amount $ 17,700,000.00 2 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 3 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 4 80% 80.0% $ 17,700,000.00 $ 14,160,000.00 5 60°/u 60.0% $17,700,000.00 $ 10,620,000.00 6 40% 40.0% $ 17,700,000.00 $ 7,080,000.00 7 20% 20.0% $ 17,700,00D.00 $ 3,540,000.00 8* 0% 0.0°/a $ 17,700,000.00 $ - ' Stafing the 8th year the company will pay 100% of their taxes. This schedule shows how the original abatement % is affected for a specific year. (Example: During the first 3 years the company will receive 100% of the original abatement percentage. In year 4the company will receive SO% of the original abatement percentage.) ~ 0 o0is~ INITIAL REPORTING REQUIREMENTS The following information must be provided, in writing, to the City of Paris, the County of Lamar, and Paris Junior College on company letterhead, sworn to and signed by a designated representative of the company. Such letter must be received by the taxing entities within thirty (30) days of the date of completion of the improvements described in the Tax Abatement Agreement(s) but, under no circurnstances, shall the deadline for such report be extended to later than sixty (60) days after the required date of completion provided in said Agreement(s). (a) Copy of the printout from the Lamar County Appraisal District showing the market value of the Property prior to the construction of the IMPROVEMENTS; (b) Detailed description of IMPROVEMENTS; (c) Detailed description of any miscellaneous items of office equipment and the actual cost of such added office equipment; (d) Copy of or identification of plans and specifications of constructed improvements and the location of the same for inspection by taxing entities' certification teams; (e) Deta.iled list of and actual cost of added machinery and equipment; (o Actual cost of capita.l IMPROVEMENTS; and, (g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph 3 of the Agreement. EXHIBIT F M UUU181, AFFIDAVIT I, the undersigned, duly authorized to make this Affidavit on behalf of (Company), on my oath as an officer of said (Company), hereby swear and affirm that the documents and information prepared under my direction and attached hereto containing the names, dates of hire, and places of residences of the hirees of those employees filling the (number) new, permanent jobs created in accordance with the terms of the Tax Abatement Agreement(s) with the City of Paris, the County of Lamar, and Paris Junior College dated , are, in all things, true and correct. Witness my hand this day of Name: Title: STATE OF ) ) COUNTY OF ) BEFORE ME, the undersigned authority, on this day personally appeared I , known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN IJNDER MY HAND AND SEAL OF OFFICE, this day of Notary Public, State of EXHIBIT F * UOU185 . ~ . ._T.. . .~.....r..... . . ....----...r.__.--~-. ~ a ~ ~ w bA Q ~ ~ C 'C d "O .r > Q ~ a ~ a ~ 40. a~ b ~a d ~ d a w w 0 ~ ~ b 0 ~ ~ ~ ~ w a b ~ ~ ~ ~ ~ ~ ~ ~ ~ 0 ~ h ~ ~ ~ ~ ~3 CM O w C7 ~ E~ ~ O a ~ E4 E c 0 z . ~ 0 ~ ~ H .G h ~ ~..I ~ ~ 0 ~ w ~ A a~ ~ x w 0 a~ ~ A a~ ;ti ~ a ~ ~ x ~ a •r ir 0 w 0 ~ a z XII Bi F ~ UUU186 i■ Cl ~ ~ ~ w ca v w 0 ~ O w C7 ~ a a ~ w 0 ~ ~ .a b ~ ~ ~ ~ ~ ~ 0 ~ h ir CC~ y ..y ~ ~ F c~ 0 y • ~ 0 ~ w ~ .Q ~ ~ x w 0 ~ ~ ~ A a~ ~ O w ~ 0 ~ ~ a a~ ;o ~ a ~ ~ ~ ^r W b Lw ir U 40 0 ~ I F ~ z . - 00018i CERTIFICATION I, the undersigned, hereby certify that the (number) new, permanent jobs required by the Tax Abatement Agreements with the City of Paris, County of Lamar, and Paris Junior College are still in existence and filled by permanent employees. I further certify that (Company Name) is in compliance with each applicable term of the aforementioned Tax Abatement Agreements. Witness my hand this day of ~ STATE OF ) ) COUNTY OF ) Name: Title: BEFORE ME, the undersigned authority, on this day personally appeared , known to me to be the person whose name is subscribed to the ` foregoing instrument and acknowledged to me that he/she executed the same for the purposes and t consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of Notary Public, State of EXHIBIT F . 00()18S~ EXHIBIT "D" TO TAX ABATEMENT AGREEMENT (Follows this Page) r VUvis~ INITIAL REPORTING REQUIREMENTS The following information must be provided, in writing, to the City of Paris, the County of Lamar, and Paris Junior College on company letterhead, sworn to and signed by a designated representative of the company. Such letter must be received by the taxing entities within thirty (30) days of the date of completion of the improvements described in the Tax Abatement Agreement(s) but, under no circumstances, shall the deadline for such report be extended to later than sixty (60) days after the required date of completion provided in said Agreement(s). (a) Copy of the printout from the Lamar County Appraisal District showing the market value of the Property prior to the construction of the IMPROVEMENTS; (b) Detailed description of IMPROVEMENTS; (c) Detailed description of any miscellaneous items of office equipment and the actual cost of such added office equipment; (d) Copy of or identification of plans and specifications of constructed improvements and the location of the same for inspection by taxing entities= certification teams; (e) Detailed list of and actual cost of added machinery and equipment; (f) Actual cost of capital IMPROVEMENTS; and, (g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph 3.1 of the Agreement. . 00019+► AFFIDAVIT I, the undersigned, duly authorized to make this Affidavit on behalf of (Company), on my oath as an officer of said (Company), hereby swear and affirm that the documents and information prepared under my direction and attached hereto containing the names, dates of hire, and places of residences of the hirees of those employees filling the (number) new, permanent jobs created in accordance with the terms of the Tax Abatement Agreement(s) with the City of Paris, the County of Lamar, and Paris Junior College dated , are, in all things, true and correct. Witness my hand this day of Name: Title: STATE OF TEXAS ) ) COUNTY OF LAMAR ) BEFORE ME, the undersigned authority, on this day personally appeared , known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of Notary Public, State of Texas „ Q0019~ P.S O w ~ z ~ H x 0 a ~ a ~ H ~ z ~ t~ 0 w . ~ 0 ~ ~ F ~ 0 h ~ s . x w 0 ~ ~ ~ A ~ ~ x w 0 ~ ~ ~ ~ ~ a ~ ~ x ~ ~ 0 w 0 ~ ~ z . 00(1192~ P.Wd O w L7 z ~ H x 0 a ~ ~ ~ z ~ ~ 0 ~ 0 ~ ~ E~ ~ ti x ~ 0 v ~ ~ A ~ ~ 0 w ~ 0 ~ ~ c ~ ~ ~ a ~ ~ 0 o, W ~ c~ ~ a U w 0 v ~ z 0 00019~ CERTIFICATION I, the undersigned, hereby certify that the (number) new, permanent jobs required by the Tax Abatement Agreements with the City of Paris, County of Lamar, and Paris Junior College are still in existence and filled by permanent employees. I further certify that (Company Name) is in compliance with each applicable term of the aforementioned Tax Abatement Agreements. Witness my hand this day of Name: Title: STATE OF TEXAS ) ) COUNTY OF LAMAR ) BEFORE ME, the undersigned authority, on this day personally appeared , known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that he/she executed the same for the purposes and consideration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of Notary Public, State of Texas . ootii9Y