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2008-104-RES-Adopting and extending the policy statement criteria and guidelines for tax abatements for an additional two years, and approving and authorizing tax abatement agreement with campbell soup for a new juice line at the paris plant.RESOLUTION NO. 2008-104 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS, ADOPTING AND EXTENDING THE POLICY STATEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENTS FOR AN ADDITIONAL TWO YEARS; AND APPROVING AND AUTHORIZING A TAX ABATEMEIVT AGREEMENT WITH CAMPBELL SOUP SUPPLY COMPAIVY LLC FOR A NEW JUICE MANUFACTURING LINE AT ITS PARIS, TEXAS PLANT; MAKING OTHER FINDIIVGS AND PROVISIONS RELATED TO THE SUBJECT; A1VD PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Paris did heretofore, on the 12th day of De ember, 2005, by Resolution No. 2005-144, and as amended by Resolution No. 20 6-042, dated March 13, 2006, pass and adopt appropriate guidelines and criteria go erning tax abatement agreements to be entered into by the CITY as required by the Pr perty Redevelopment and Tax Abatement Act, as amended; WHEREAS, the City Council of the City of Paxis desires to adopt and extend the Pol cy Statement Criteria and Guidelines for Tax Abatement as previously adopted by City Co ncil Resolution Nos. 2005-144 and 2006-042 for an additional two (2) years or until suc other time that they are further amended by City Council action; and, WHEREAS, the City Council has been presented a proposed agreement by and be een the City of Paris, Texas and Campbell Soup Supply Company LLC, providing for a co mercial and industrial tax abatement for certain improvements to be made at Campbell So p's Paris, Texas plant, a copy of which is attached hereto and incorporated herein by ref rence hereinafter called "AGREEMENT"; and, WHEREAS, on the 24th day of November, 2008, a public hearing was held, and the Cit , at such public hearing, invited any interested person to appear and speak for or aga nst the requested tax abatement for Campbell Soup Supply Company LLC, identified as Tax Abatement No. 16; and, WHEREAS, upon full review and consideration of the AGREEMENT, and all matters att ndant and related thereto, the City Council is of the opinion that the terms and con itions thereof should be approved, and that the Mayor should be authorized to execute it o behalf of the City of Paris. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PA IS, TEXAS: Section 1. That the findings set out in the preamble to this resolution are hereby in a 1 things approved. in a Section 2. That the Policy Statement, Criteria and Guidelines for Tax Abatement :he City of Paris, Texas as previously adopted by City Council Resolution Nos. 2005-144 l 2006-042 is hereby readopted and extended for two years or until such time that they further amended by the City Council Section 3. That the terms and conditions of the proposed Tax Abatement between th City of Paris and Campbell Soup Supply Company LLC (Tax Abatement No. 16), having be n reviewed by the City Council of the City of Paris and found to be acceptable and in the be t interests of the City of Paris and its citizens, be, and the same are hereby, in all things, ap roved. 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 ac Zbit rding to the terms and conditions set forth in the AGREEMENT attached hereto as Ex "A". Section 5. That, by hereby granting the tax abatement, there will be no su stantial adverse effect on the provision of City services or on its tax base. Section 6. That the planned use of the property the subject of the tax abatement wil not constitute a hazard to public safety, health, or morals. Civ by; Section 7. That this approval and execution of the AGREEMENT on behalf of the is not conditional upon approval and execution of any other tax abatement agreement ny other taxing entity. Section B. That this resolution shall be effective from and after its date of passage. PASSED AND ADOPTED this the 24th day of November, 2008. AT EST: . F n Ellis, City Clerk AP ROVED AS TO FORM: W. ~ent McIl~ar; City Attorney TH STATE OF TEXAS ) ) CO NTY OF LAMAR ) TAX ABATEMENT AGREEMENT This agreement is entered into by and between the CITY OF PARIS, TEXAS, a home- rule municipal corporation, situated in Lamar County, Texas, acting by and through its auth rized officer whose signature appears below (hereinafter called "CITY"), and CA PBELL SOUP SUPPLY COMPANY LLC, acting by and through its authorized officer who e signature appears below (hereinafter referred to as "OWNER"). WITNESSETH: WHEREAS, the City Council of the City of Paris did heretofore, on the 22nd day of Sept mber, 2004, by Resolution No. 2004-164, elect to be eligible to participate in tax abatement agre ents in order to maintain and enhance the commercial and industrial economic and empl yment base of the Paris area for the long term interest and benefit of the City and its citiz ns; and, _ WHEREAS, the City Council of the City of Paris did heretofore, on the 12t' day of Dece ber, 2005, by Resolution No. 2005-144, as amended by Resolution No. 2006-042, dated Mar 13, 2006, pass and adopt a policy on tax abatement incentives and appropriate guidelines and riteria governing tax abatement agreements to be entered into by the CITY as required by the P operty Redevelopment and Tax Abatement Act, as amended; WHEREAS, on November 24, 2008, the City Council of the City of Paris, Texas read pted and extended the Policy, Guidelines and Criteria for Tax Abatement Incentives for an addit onal two years or until such time they are further amended by Council; and, WHEREAS, the City Council of the City of Paris did heretofore, on the 4th day of Dece ber, 1997, following public hearings as required by law, pass Resolution No. 97-143, estab ishing an Enterprise Zone in the City of Paris, Texas to encourage appropriate investments by t e industrial and business community and to provide tax incentives within the zone to encvo rage said investment as authorized by the Texas Enterprise Zone Act, Chapter 2303, Texas Go ment Code, as amended (the "Act"); and WHEREAS, the PROPERTY, as defined herein, upon which the IMPROVEMENTS are to be located is situated within the Enterprise Zone and the contemplated use of the PROPERTY and I PROVEMENTS; as hereinafter defined, in the amount as set forth in this AGREEMENT, and t e other terms hereof are consistent with encouraging development of said Enterprise Zone in ac ordance with the purposes for which it was created and are in compliance with the CITY's polic on tax abatement incentives and the ordinance creating such Enterprise Zone adopted by the C TY and all applicable laws. TAX AI3ATEMENT AGREEMENT - Pa;e 1 EXHIBIT A W,THEREFORE, The Parties hereto do mutually contract and agree as follows: 1. Term tax 1.1 The effective date of this AGREEMENT is the 24t" day of November, 2008, with .tement beginning with the tax year commencing January 1, 2010, and expiring on )er 31, 2019. II. Area to be Improved 2.1 The IMPROVEMENTS to be the subject of this AGREEMENT consist of (1) imp vement to an existing building on real estate ("REAL ESTATE IMPROVEMENTS"), and (2) personal property, machinery and equipment ("PERSONAL PROPERTY IMP OVEMENTS"). Collectively, all such improvements which are the subject hereof shall be call the "IMPROVEMENTS". The IMPROVEMENTS shall be located upon and within the O ER' S current facilities consisting of land, buildings and other structural improvements situ ed at 500 Loop 286 NW, in the City of Paris, Lamar County, Texas, herein called the "PR PERTY", as further depicted in Exhibit A attached hereto and made a part hereof for all _ III. Improvements 3.1 The project contemplated in this AGREEMENT will include necessary REAL EST TE IMPROVEMENTS to an existing building within OWNER'S Paris, Texas plant to mod fy the building to accommodate the OWNER'S addition of a Juice Manufacturing Line of prod cts. The IMPROVEMENTS will require engineering and design work, procurement of equi ment, infrastructure and utilities modifications and electrical and mechanical installation with n the OWNER'S Paris plant. The PERSONAL PROPERTY IMPROVEMENTS include new achinery and equipment capable of producing 12, 16, 46 and 64 ounce PET bottles for V- 8, T mato, V-Fusion and Splash juice varieties. This required equipment includes Preparation Proc sses, Product Blending Process, Juice Filling Process, and Labeling and Case Packing Proc ss. All such equipment shall be particularly described in the Certificate of Completion prep ed by OWNER after the completion and installation of the building improvements, pers nal property, machinery and equipment described herein. The Certificate of Completion shall be filed with the City Manager for the City of Paris, Texas and the Chief Appraiser of the Lam County Appraisal District. Following review and confirmation of the information prov ded in the Certificate of Completion, said Certificate shall be duly executed by the Mayor of th City of Paris in the form attached hereto as Exhibit B. TAX ABATEMENT AGREEMENT - Page 2 $1,1: to or It pub for 3.2 The REAL ESTATE IMPROVEMENTS will be at a cost equal to or in excess of 55,000.00, AND THE PERSONAL PROPERTY IMPROVEMENTS will be at a cost equal in excess of $46,035,000.00 for the cost and installation of machinery and equipment, and be substantially completed during the month of July, 2009; provided, that OWNER shall such additional time to complete the IMPROVEMENTS as may be required in the event of ;e maj eure" if OWNER is diligently and faithfully pursuing completion of the R.OVEMENTS. For this purpose, "force majeure„ shall mean any contingency or cause nd the reasonable control of OWNER including, without limitation, acts of God, ar the ~c enemy, any natural disaster, war, riot, civil conlmotion, insurrection, governmental or de governmental action, unless caused by acts or omissions of OWNER, fires, explosions, lents, floods, and labor disputes or strikes. The date of completion of the IMPROVEMENTS be set forth in the Certificate of Completion prepared by OWNER and signed by the Mayor ie City of Pari s, Texas. IV. Consideration Improvements and a gc that 4.1 The OWNER agrees and covenants that it will diligently and faithfully, in a good ,vorkmanlike manner, pursue completion of the IMPROVEMENTS as provided herein. As :)d and valuable consideration of this AGREEMENT, OWNER furtlier covenants and agrees a11 construction of the IMPROVEMENTS will be in accordance with all applicable state and laws, codes and regulations or will procure a valid waiver thereof. In further consideration, NER shall, from the date a Certificate of Completion is issued, or that. the ROVEMENTS are completed as agreed, until the expiration of this AGREEMENT, lnuously operate and maintain the PROPERTY and IMPROVEMNETS, including the ific units of new machinery and equipment as identified herein, as a food and juice uction plant. V. Consideration Jobs P em En- pei (a) full- 5.1 The OWNER currently employs 382 persons in permanent full-time jobs at its Texas plant that reside in the City of Paris, Texas; and it employs a total of 563 persons in ianent full-time jobs that reside in Lamar County, Texas. Additionally, OWNER currently loys 80 or more permanent full-time employees at its Paris, Texas plant that reside in the mrise Zone. 5.2 Not later than January l, 2010, OWNER will create at least fifty-seven (57) new, nent, full-time jobs at its Paris, Texas, plant for work to be performed substantially either the site of the IMPROVEMENTS, or (b) locally in support of operations performed by at the site of the IMPROVEMENTS. OWNER contemplates hiring 46 Production tors, 6 Maintenance Personnel and 5 Other Personnel to comprise such new, permanent, ne jobs. Such jobs shall be filled with priority being given to promote and/or retain among TAX AI3ATEMENT AGREEMENT - Pave 3 equ ly qualified job applicants the hiring of employees first from within the Enterprise Zone, seco d from within the corporate limits of the City of Paris, Texas, and third, from within Lamar Cou ty, Texas, subject to the laws and regulations of the United States of America and the State of T xas, and subject to any labor contracts currently in effect and any successive contracts or past ractices. The OWNER agrees that it will not fill the new, permanent, full -time jobs with emp oyees from among its current employees at the existing site without immediately filling the posi ions vacated by such employees. 5.3 OWNER agrees that during the term of this AGREEMENT it will not reduce the total number of existing permanent full-time jobs at it's Paris, Texas plant (as referenced herein) plus 57 additional permanent full-time jobs as called for in this AGREEMENT. VI. Default/Liquidated Damages 6.1 In the event that (a) the IMPROVEMENTS for which an abatement has been gran ed are not completed in accordance with this AGREEMENT or the expenditure for the IMP OVEMENTS does not meet the amount required herein; or (b) the jobs required to be crea ed and retained by OWNER, as provided in Article V herein, are not maintained in acco dance with this AGREEMENT; or (c) OWNER allows its ad valorem taxes owed the CITY to b come delinquent and fails to timely and properly follow the legal procedures for protest or cont st of any such ad valorem taxes; or (d) OWNER materially breaches any of the other terms and onditions of this AGREEMENT, then OWNER shall be in default of this AGREEMENT. In t event the OVVNER defaults in its performance of either (a), (b) (c) or (d) above, then the CIT shall give the OWNER written notice of such default and if the OWNER has not cured such default within sixty (60) days of said written notice, this AGREEMENT may be modified or te inated by the CITY. Notice shall be in accordance with paragraph 13.3. 6.2 As liquidated damages in the event of default, and in accordance with the requ rements of Section 312.205 (a)(4) of the Property Tax Code of the State of Texas, all taxes whi otherwise would have been paid by OWNER to the CITY without the benefit of abat ment, together with interest to be charged at the statutory rate for delinquent taxes as dete ined by Section 33.01 of the Property Tax Code of the State of Texas, with all penalties perrE itted by the Property Redevelopment and Tax Abatement Act and the Property Tax Code of the tate of Texas, shall be recaptured and will become a debt to the CITY and shall be due, owi g, and paid to the CITY within sixty (60) days of the expiration of the above-mentioned appl cable cure period as the sole remedy of the CITY, subject to any and all lawful offsets, settl ments, deductions, or credits to which OWNER may be entitled. The parties acknowledge that ctual damages in the event of default and termination would be speculative and difficult to VII. Personal Property Tax Abatement 7.1 Subject to the terms and conditions of this AGREEMENT, and subject to the right and holders of any outstanding bonds of the CITY, a portion of the ad valorem property TAX ABATEMENT AGREEMF,NT - Page 4 tax abz for in PR( due Jan $13 Bui of A ; assessed upon the IMPROVEMENTS and otherwise owed to the CITY shall be abated. abatement shall be an amount equal to one hundred percent (100%) of the taxes assessed the completed value of the IMPROVEMENTS on January 1 st of the year in which this tax ;ment commences (January 1, 2010), with this tax abatement continuing at such percentage ach year during the ten (10) year term of this AGREEMENT. This tax abatement shall be -cordance with all applicable state and local law and regulations or valid waiver thereof; ided that the OWNER shall have the right to protest or contest any assessment of the PERTY, and said abatement shall be applied to the amount of taxes finally deterniined to be is a result of any such protest or contest. For the purposes of this AGREEMENT, the initial ; of the existing real and personal property of the OWNER that is not subject to tax ;ment and which does not include the IMPROVEMENTS (as defined herein) shall be ied to be the value as shown on the tax rolls of the Lamar County Appraisal District as of ary 1 of the year in which this AGREEMENT is executed, said amount being ,516,540.00 (Base Year Value), the same consisting of $14,252,750.00 for Land and iings, and $116,263,790.00 for tangible Personal Property, with $15,764,230.00 of the value ie existing tangible personal property consisting of OWNER'S Cold Blend Line being dy abated through December 31, 2016. The current abatement which is the subject of this ,EEMENT shall extend for a period of ten (10) years beginning January 1, 2010. 7.2 The abatement granted herein shall be subject to and governed by the POLICY ST TEMENT CRITERIA AND GUIDELINES for TAX ABATEMENT, a copy of which is atta hed hereto as Exhibit C, except for the term of years of the tax abatement and the percentage of a atement previously granted to OWNER in this AGREEMENT in Section 7.1 above, which shal be controlling over the term of years and the percentage of abatement. stated in the POLICY ST TEMENT CRITERIA AND GUIDELINES FOR TAX ABATEMENT. OWNER shall com ly with the requirements of Exhibit C in the performance of this AGREEMENT, save and exc pt that, in the event of a conflict between the requirements of Exhibit C and this AG EEMENT, this AGREEMENT shall control. VIIL No Conflict of Interest 8.1 The OWNER represents and warrants that . neither the PROPERTY nor the IMP OVEMENTS include any real or personal property that is owned or leased by a inember of the ity Council of the City of Paris, Texas or by a member of the Planning and Zoning Co mission of the City of Paris that approved or had any responsibility for the approving this AG EEMENT. IX. Conditions 9.1 The terms and conditions of the AGREEMENT are binding upon the successors and ~ssigns of all parties hereto. its 9.2 It is understood and agreed between the parties that the OWNER, in performing gations hereunder, is acting independently, and the CITY assumes no responsibility or TAX ABATEMENT AGREEMENT - Pase 5 h; C ity in connection therewith to third parties; and OWNER agrees to indemnify and hold less the CITY therefrom. It is further understood and agreed among the parties that the in perfoiming its obligations hereunder, is acting independently, and the OWNER nes no responsibility or liability in connection therewith to third parties and, to the extent issible by law, the CITY agrees to indemnify and hold harmless the OWNER therefrom. X. Compliance Provisions 10.1 The OWNER agrees that the CITY, its agents and employees, shall have the reas nable right of access to records concerning the OWNER's investment in the IMP OVEMENTS for the purpose of conducting an audit of the project improvements and proj ct costs. Any such audit sliall be made only after giving the OWNER notice at least fou en (14) days in advance and will be conducted in such a manner as to not unreasonably inter ere 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 exec tion of this AGREEMENT to December 31, 2019. The Asset Report will provide the date on hich the asset was capitalized, the acquisition amount, and the accumulated depreciation amo nt. At the CITY's request, the OWNER will provide actual invoices to support the amo nts shown on the Asset Report. 10.2 The OWNER further agrees that the CITY, its agents and employees, shall have reas nable right of access to the PROPERTY to inspect the IMPROVEMENTS in order to insure that he construction of the IMPROVEMENTS are in accordance with this AGREEMENT and all a plicable state and local laws and regulations or valid waiver thereof. After completion of the PROVEMENTS, the CITY,shall have the continuing right to inspect the PROPERTY to insu e that it is thereafter maintained and operated in accordance with this AGREEMENT during the erm of the AGREEMENT, and OWNER shall provide evidence as to the creation of the fifty seven (57) new, permanent, full time jobs described in this AGREEMENT. All inspections will e made only after giving the OWNER 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 cility. Representatives of the CITY inspecting the PROPERTY and improvements shall be acco panied by one (1) or more representatives of the OWNER and shall sign an agreement pro ising to maintain the confidentiality of any information they obtain in connection therewith exc t for the purposes of assessing and collecting ad valorem taxes and verifying or enforcing com liance with this AGREEMENT. Said representative shall also be required to observe any facil ty rule and regulation applicable to the PROPERTY. Nothing herein shall be construed as limi ing the CITY's ability to perform inspections or to enter the PROPERTY the subject of this AG EEMENT. XI. Initial and Annual Reporting the 11.1 The OWNER further agrees that it will, within thirty (30) days of completion of 'ROVEMENTS, provide CITY with a sworn report, written on company letterhead and TAX A6ATEMENT AGREEMENT - Page 6 by an authorized representative of OWNER, which contains the following information: (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 CITY's certification team; (e) Detailed list of and actual cost of added machinery and equipment; (o Actual cost of capital IMPROVEMENTS; and, (g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph 3.1 hereof. . 11.2 The OWNER further agrees that it will provide CITY with an . annual, sworn repo which contains the following information: (a) the name of each original hiree in the newly crea ed job, date of hire, and place of residence of the hiree, and (b) statement as to whether or not t e fifty-seven (57) new, permanent, full time jobs are still in existence and filled, and (c) the nam of the current employee in the pewly created job, date of hire, and place of residence of the hire . Additionally, OWNER shall certify, in writing, that it is in compliance with each appl cable term of this AGREEMENT. Such annual report shall be furnished on the forms prov ded by the City and attached hereto as Exhibit D. 11.3 In addition to the annual report required under Section 11.2 hereof, the OWNER agrees that it will provide CITY a copy of its Texas Workforce Commission Employer's •ly Report within thirty (30) days of its filing of the same with the Texas Workforce XII. Authority to Contract 12.1. This AGREEMENT was authorized by resolution of the City Council at its regu arly scheduled meeting on the 24th day of November, 2008, authorizing the Mayor to exec te the AGREEMENT on behalf of the CITY. COT who 12.2 This AGREEMENT was entered into by CAMPBELL SOUP SUPPLY ANY LLC (PARIS PLANT) pursuant to the authority granted to the authorized official signature appears below. TAa ABATEMENT AGREEMENT - Page 7 12.3. This AGREEMENT shall constitute a valid and binding AGREEMENT between the ITY and OWNER when executed in accordance herewith, regardless of whether any other taxi g 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 GREEMENT or waive any of its conditions or to bind the CITY by making any promise or repr sentation not contained herein. 13.2 This AGREEMENT, except by operation of law, shall not be assigned or tran ferred by OWNER, without the prior written consent of CITY, which consent shall be at the sole iscretion of the CITY. 133 Any written notice required or permitted under the terms of this AGREEMENT be given and be deemed to have been duly served if either (1) delivered in person, or (2) >ited certified mail, return receipt requested, postage prepaid in the United States mail, ssed to the designated representative of the respective parties which are designated as CA PBELL SOUP SUPPLY COMPANY LLC Attn Richard J. Landers, V.P.-Taxes 500 W Loop 286 Pari, TX 75461-9016 Wit a Co To: Am Brumbaugh 1 C pbell Place Ca en, NJ 08101 Pho e: (856) 968 - 2863 CITY City Manager City of Paris P. 0. Box 9037 Paris, Texas 75461-9037 City Clerk City of Paris, Texas P. O. Box 9037 Paris, Texas 75461-9037 13.4 If any term or provision of this AGREEMENT shall be declared unconstitutional or v id by any court of competent jurisdiction, the constitutionality and validity of the remainder of s id AGREEMENT shall not be affected thereby, and to this end the terms and provisions of said GREEMENT are declared to be severable. any inclt 13.5 This AGREEMENT sets forth the entire understanding between the parties, and ther understandings or agreements shall be canceled and superseded by this AGREEMENT the date of execution hereof. None of the terms of this AGREEMENT shall be waived, arged, altered or modified in any respect, except by an Agreement in writing signed by both ss and specifically referring to this AGREEMENT. The captions in this AGREEMENT are 3ed for convenience only and shall not be taken into consideration in any construction or TAX ARATEMENT AGRF,EMENT - Patie 8 inte retation of this AGREEMENT or any of its provisions. This AGREEMENT is perfo nable in Lamar County, Texas, and shall be governed by, construed and enforced in accor ance with the laws of the State of Texas. The provisions of this AGREEMENT shall appl to, bind and inure to the benefit of the CITY, OWNER, and their respective successors, and p rmitted assigns, if any. 13.6 Venue for any actions arising under this AGREEMENT shall lie exclusively in the c urts of Lamar County, Texas, for any State Court action, and in the U.S. District Court for the E stern District of Texas for any Federal Court action. Witness our hands this 24t' day of November, 2008. CITY OF PARIS, TEXAS By: ~esse James Preelen, MhyDr ATTIEST: Jani e Ellis, City Clerk APP OVED AS TO FORM: W. Kent McIlyar, City Attorney By: AT'11EST: S CAMPBELL SOUP SUPPLY COMPANY LLC Richard J. Landers, Vice President - Taxes TAX ARATEMENT AGRGEMENT - Page 9 APPLICATION FOR TAX ABATEMENT AGREEMENT (Follows this Page) CITY OF PARIS, PARIS, TE1AS TAX ABATEMENT AND REIN~'ESTNZENT ZONE DESIGNATION APPLICATION THISAP LIC9TIONAIUSTBERBCEIT'EDBYTHECITYNOTLESSTH..4NSLITY(60)D.4PSPRIORTOTHE D,ATE T,4T CONSTR UCTION OF THE IMPROvEMENTS IS EXPECTED TD COA1n1ENCL. 1, AME OF APPLICANT Fl~'~M: bell Soup_Supplv l;o 2. ~DDRESS: a 3 4 5. 6._ 7 8 TELEPHONE: 903-784-3 341 PROJECT ADDRESS (if different from above): Same as #2 TYPE OF BUSINESS ORGANIZATION (corporation, etc.): Limited Liability Cornpany . NAME(S) OF PRINCIPAL OWNERS OR OFFICERS: List Attached YES x NO IS THIS BUSINESS SEASONAL IN NATURE: NUMBER OF CURRENT EMPLOYEES: (in Enterprise Zone) so (in City of Paris) 382 (in Lamar County) 563 ~ 15.3 _ m?llian 9 C RRENT PAYROLL (in City of Paris): l fifrv-seven (57 10, UMBER OF NEW 10BS PROPOSED: 11. IST THE TYPE .AND NiJMBER OF NEW JOBS TO BE CREATED AND THE PROJECTED S LARY FOR EACH JOB: 7 -6 ther Personnel - 5 eopl^ e( $13.D0/nour 12. LEASE PROVIDE INFORMATION PERTAN ING TO THE TRANSFER OF JOBS RELATED O THE IMPROVEMENTS OR EXPANSIO 13 14 15 16 17 18 I'OTAL IMPACT ON PAYROLL FROM NEW JOBS: Approximatelv $2 0 Annually - ' pRE-PROJECT MARKET VALUES, AS DETERMINTED FOR LOC PROPERTY PROPERTY~ AND OF THE EXISTING FACILITY, SITE, TANGIBLE PERSONAL INVENTORY: A. REAL PROPERTY: $14,159,690 . B. TANGIBLE PERSONAL PROPERTY $116,263,770 GNE A DETAILED DESCRIPTION OF THE PROPOSED IMPROVEMENTS OREXPANSION (ATTACH ADDITIONAL SHEETS, IF NECESSARY): - : Juice ManufacturinL Line - i~~cludes ca abilit for 12. 16 46 and 64 oz PET bottles far V8 Tomato V-Fusion and S]ash 'uice varieties. Re uu Larelina and Case Packin ~ ~Ce ~rocesses Produc Blendma Process Juice Fillin ?roccss and THE ESTIMATED DATE OF COMPLETION OF THE IMPROVEMENTS: Ju1y 2009 THE ESTIMATED DATE OF OPERATION OF THE IMPROVEMENTS OR EXPANSION: Aucust 2009 ESTIM,ATES OF AMOUNTS TO BE I'~IVESTED: $ none A. PURCHASE OF LANDBUILDING: $ none B. NEW BLTILDING CONSTRUCTION: BUILDING ADDITIONS: $ none S.1.155.000. IMPROVEMENTS TO EXISTIING BLDG. MACHIIvERY & EQUIPMENT: S 46.035.000 FURNITURE & FLXTURES: $ none $ 47,190.0~~ OTAL INVESTMENT Al~'IOUNT 19. OTAL INVESTMENT ELIGIBLE FOR ABATEMENT: 47,190.000 from item 18 (please circle) A B C D E F 20. IST THE TYPE AND VALUE OP ECONOMIC DEVELOPMENT INCENTNES REQUESTED (I.E., TAX ABATEMENT, LOCAL SALES TAX REFUND, SALE OF CITY-OWNED PROPERTY, ETC.): $ 47 ]90,000 Tax Abatement 21. FOR TOTAL PERSONAL PROPERTY INVESTMENT INDIC P~C~OONIN HEDULE.~S E& F, SHOW PROJECTED DOLLAR VALUE IN EACH D 1. (7 Yr) IV. (16 YI") II. (10 yr) V. 0 g Yr) , III. (12 yr) $ 46 035.000 VI. (40 yr) $ 1.1 55,000 22. STANDARD INDUSTRIAL CLASSIFICATION (SIC) NUMBER: 311900 23. NAME, ADDRESS, AND PHONE NUMBER OF CONTACT FOR THE PURPOSES OF THIS APPLICATION: Richard Quarles - Ph# 903-737-2208 74. 'DICATE THE DATE AND TIME THAT CITY OFFICIALS MAY INSPECT THE CURRENT FkCILITIES PRIOR TO THE COMMENN CEMENT OF CONSTRUCTION: ctober 15, 2008 25. APPLICABLE, THENAME, ADDRESS,w~H HIS APPLICATON ~NNoneONSULTANT/ INANCLAL ADVISOR ASSISTING YOU 26. 27. , 28. 29 Code requires that each business that subrnits an application to iapter 2264 of the Texas Government anch, ;ceive a public subsidy include in the applicatio ~ and wll not know ngly e ploy an undoc mrented ivision, or department of the business, does no orker. An undocumented worker means an mdstates l or anthorhzed under the law to be employedlin 3mitted for permanent residence to the United ublic .subsidy, the business, or a branch , . iat manner in the United States. If after receiving a p the ivision, or department of the business, is convicubsidf ainterestaat 8he ra e andtaccordmg( o, he ~usiness shall repay the amount of the public s y with ~ther terms provided by an ag-reement under Section on ;2 o~ eOconomicldev lopment corporat on notif es , tate the public agency, state or ]oca] taxmg jurisdict he business of the violation. hereby certify that Campbell Soup Supply Company, LLC - Paris, Texas Plant is in compliance with Chapter 2264 of the Texas Governmen t C o d e. NAME AND TITLE OF PERSON WHOW OL~HAVE AUTHORITY TO SIGN ANY AGREEMENTS RELATED TO THIS APPL CARichard Landers - Vice-President Taxes DO YOU INTEND TO SUBMIT AN ENTERPRISE PR07ECT APPLICATION? NO PLEASE ATTACH THE FOLLOWING: I. A PLAT SHOVaTING THE PRECISE LOCATION OF THE P SO~G ZONING ROADWAYS WITHIN 200 FEET OF THE SITE, AND ALL EX AND LAND USES WITHIN 200 FEET TO THE SITE. Available upon request. The project will take place in the existing plant. 2 IF THE PROPER"TY IS DESCRIBED BY METES AND BOUNDS, A COMPLETE LEGAL DESCRIPTION. Available upon request. The project will take place in the existing plant. THE HERET 3. IF A RECENT APPRAISAL HAS BEEN DON PR~TOUT FROM TIHE L.~1M 0 OTNERVJISE, ATTACH A COPY OF TNE COUNTY APPRAISAL DISTRICT WH1 B~v~ ILABLE U ON R QUESTE PROPERTY. THIS PRINTOUT SHOULD Co,pies oT - appraisals atcached CERTIFICATIONS CONTAINED HE APPLICANT BELI =SE INFOPdviATION THE B STE OF HD UBMITTED HEREWITH R HER KNOWLEDGE. APPLICATION HE APPLICANT HEp oV MEN TS THE SUBJECT OF EXPANS ONSTRUCTION OF IM~R AS NOT BEEN COMMENCED. JECT HE APPLICANT UNDERSTANDS THAT INITIATION TOHE LOSSIOF 0 RECEIVING FINAL LOCAL APPROVAL THE ABATEMENT. 4 5. THE INFORI`'lATION THE APPLICANT UNDERSTANDS THAT, IF APPROVED, CONTAINED IN THIS APPLICATION WILL FORM THE BASIS FOR A SIGNED AGREEMENT BETWEEN THE APPLICANT FIRM AND THE CITY. STATE LAW `'!AY COMPLIANCE AND LOCAL POLICY REQU O MONITORING IN OSS OF THAT AGREEMENT. FAILURE INCENTIVES. THE APPLICANT HEREBY THAT E FIRM IS CURRENT IN ALL TAX OBLIGATIONS TO TH COMPANY: So~ By : .(signature) Name: (~-i ~,f^ ~ ~ ~ 1-~4'''c~ ~►~-5 Title: VP ~ 7~65 1C) IJ Date: PBEL P LAND BUILDING M&E PERSONA INVENTOI TOTAL VE Value w/o Y ON VAWE $ 903,620 (refernce attached tax statements) BLDG IMP $ 13,349,130 ttl land&bidg= $ 14,252,750 $ 62,408,380 cold blend abated $ 15,764,230 . PROPERTY $ 1,792,990 y $ 52,062,420 ttl m&e, inv, pp= $ 116,263,790 .UE $ 130,516,540 $ 129.612.920 = Capitol Apprasial Value (see apprasial attache AMPBELL SOUP SUPP ARIS, T XAS PLANT UIPMENT INCLUD P OJ EMPTY OTTLE DEPALLET(ZER EMPTY OTTLE CONVEYORS V-7 & FU ION EXTRUCTORS CONTIN OUS BLEND SKID STERILI ER FILLER! APPER FULL B TTLE CONVEYANCE FILL-LABLE COOLE INFEED & SPRAY COOLERS SHRINK LABELING MODUL LABELER FULL B TTLE CONVEYANCE POST LABEL CASEP CKER CASE C NVEYORS FINISHE GOODS CASE PALLETIZER ZX113 CAPITOL APPRAI 5HL ut,, vu r, 11V FILE '_/20/0& 14.17 DTAX ETAILAL IS~~NGIINCLUDING WITHHELD ITEMS pAGE 1 ,IENT: 139 L R COUNTY APPR DIST OWNER ID: 000200 , 001002) P 0 BBOX 116P COMPANY END=Z PA R S T X 75460 ITEM PC DE CRIPTION C-S-T-R-W-M-F-H-D-1-2-3 2007 VALUE 010 F2 L-N-P- - - - - - -P- - 8,661,290 IM ROVEMENTS 38122 020 L2 L-N-P- - - - - - -P- - 10,191,760 HINERY AND EQUIPMENT 67453 025 F2 L-N-P- - - - - - -P- - 4,730,750 GO PLANT-BUILDINGS 3E618 028 F2 L-N-P- - - - - - -P- - P EGO PLANT-PROCESS IMPROVEMENTS 1 1150 030 L2 L-N-P- - - - - - -P- - P RSONAL PROPERTY 1 8992 040 L2 ~ L-N-P- - - - - - -P- - I NTORY AT 1000 1 5335 080 L2 L-C-P- - - - - - -P- - I AT WE PACK W%H @ 1000 2 00 SW 13TH FINISHED GOODS 1 7658 086 L2 L-C-P- - - - - - -p- - I. AT WE PACK - CLARKSVILLE ST F NISHED GOODS 402873 AND 402874 096L2 L-N-R I @ 6875 LAMAR RD C 1000 FINISHED GOODS 402875 2008 VALUE 8,740,690 10,910,580 4,608,440 151900,470 15,547,560 1,867,080 1,792,990 37,385,260 43,942,830 10,007,100 7,731,190 0 0 0 388,400 'RX113 C PITOL A P P R A I S A L (3 :cu u r, 11~, . FILE 1/20/08 1.27 DTAX ETAILALIS~~NGIIDCLUDING WI~HHELD ITEMS PAGE 2 'LIENT: 139 LAMAR COUNTY APPR DIST OWNER ID: 000200 )001002) PtoR PBBOX 116P COMPANY ZEND=Z P ISTX 75460 ITEM PC ESCRIPTION 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 ACE IMPROVEMENTS - ABATED 7 YR R 1 = 2000 R38122 OMBINED WITH ITEM 110 FOR 2008 00353 110 F2 L-N-P- - - - - - -P- - 19,751,930 20,186,010 ACE IMPROVEMENTS 00354 130 L2 L-P-P p-- 0 0 NV. AT WE PACK W/H TH SE STREET 02337 AND 402338 140 L2 L-P-P- - - - - - -P- - 275,000 4 NV. 820 LAMAR AVE. 05625 AND 405626 150 L2 L-N-P- - - - - - -P- - 1,065,000 0 6290 HWY 271 NORTH POWDERLY 405627 AND 405628 160 F2 L---P- - - - - - -P- - 8,429,800 151764,230 COLD BLEND LINE - ABATED ACCT. EX: A 1.00 EX: A 1.00 117202 N 161 F2 --N 8,429,800 15,764,230 COLD BLEND LINE _ NON_ABATED ACCT 117204 - OWNER - TOTA~S - - - - - - - - OWNER - TOTA S - 138,017,370 129,612,920 Thrs is mDT a 7Ax S(.a7rmerri L4MAR Ct3i~~ ~21 BONHAtA PO BOX 400 PARlS, TX 75 _ ' - . Do lJn2 SPJy.rram 200 8 N4tice Df ApPraised Va1ue PTC)PertY 0. 3s122 O-wrersh,ip =9: 1GC.Dfl Y APPRAISAL DISTRICT Geo afl 139-2-oU0:DD-000010 TREET fls;" L9gi cIry or PAR:~S. ~LOCK 2,~7, LcsT,a, ACRES 212.54$ i 1-0400 903-785-8322 DATE t`3F N0T1! 1s91ay 23, Pr cTiy 0: 33122 - 734-4-2-000200-0 fl0'01 '0 C. 3PBE5.1 5'Ol7'P S'UP'F'LY LLC r+ DE1.AValARE CORP P BO3c 35a CF J1PSELL PLAC£ r' Li13F3+3 mJ ~DB7a3-1 7 99 U5 Legal Ams: 272 94E3 ~ SAus: ' Appraiser Dwner 10. 1a0217 r~ T - 1~t'IFOr"tiJ1AL iiEAR1'A1G5 1+4AY 23 -.JU9+1E 23. 2TT1D-8. THE A32$ j-9E1RItdG YJ1Lt BE SCHE00.39..E1] TiD BEt'>}'NI 01J JULY 7, 2DD8. Dr:ar Pmperry IJr.ner, W'~ !ru~vrt: a, ¢rz~ist+~ Qa8 (~r~peny iisM1~d aGc~ve tnr 'Ihe iax y~Car ?4D5 3~5 cT Jarauary ~ our ~~~rais~f ~ Aial~meJd toclcw. N19''es"• - ~rY:~ 55~, . ~ . . - ~ 3 a 1) . . . _ ' . 5 . . . y 3-. s•'.`_' a7G . . ~ : D ra's ri18 ' ~ " , j ~ ic~j121~n ~ i ~~aat~le TaK ita3e. " ~t9n►a~~x7 ceY~Ye 4aanmg Uri'ft ~ y Pn~p°s , A+r+our~1 i ~9al~e : ~ TAxes - ~ - - A?d]sNRC+DL9NI'fY ` ~ 9?ri7:3A~9 Yi'~64.IDD'i} 59 &~rD B70 rrw o~ PARss r4i,3z3~ J:. &:7.340 s 1E74033:5 q eB 174 .fC. 9:5,4r,340 0 ~ ;v: ; .343 1 1r'ilfii) '111:52H ~ 1 . - :r~a CtRT~J Li:t3E",+'~ 9 ~e~7.3~G 5•~7.31v 5 ~ t,D . Drslrrt , I3n NOT 3'a~ ~rou~n T4~:is f7a+tdtc 'Sasal'EsXSma~rz7 T:a:: S'~.T.6.73SE ~1 1+lt 0~11tit:n::e G+r1wti 7lre Tr.r~s iMJ~vsOrfm ti+1iCP.177A3f1J qDu71.17 jtic Ziticrvt 4ax es YOwr rzr+dcll2:e ,.m.;acrremcvau It ya".1 aa~r f,'S ya v:;n rnoa Ge hltitncl tna ;hE S"h~Gl i5.1CJ a^1o wtst Pd ' -Nf 01 yi~t4^l )n,'.3 ) tt C3f'r y A' uu ''!~S~ y'.ry, q '-Inlun y .Ry. ~ , :~ct t .c ao,u.ra~t~~~ I, 1.r~pi a ~e;r~~ A~.a~l. yau •rn~rr. E4Y:105'Cd T' d1 Pi a~rn:i pirvm. ~o~ j-aun s) h'o, nmy rcr.,'ttst bq Il +yp~i fie~x~e ain;~, i r~ ~,NI'C ly frrem Yiear amd ' Ca~~ i.l~~w ~F?T~i'~~~ va1'~"ean~ ~th~ ;pra{~~szd 2DCi~B a~~ra:seJ value ~s 7ia ~~"~i Thr {vi,ro~n'l~tL~? t~1fx?Trnatu'm 1s r~qucrr9 f,y 'f ax Cobc s*c..J~ 1~lG-l 3 taxcs. tiosrr prxspcriy 7ax bxn~icr, rs cicr+ricst by you~r 7azaJfy rfec4rd n7Ji~+iais anrl aTt l~v~rnes re ecres.noi srt 17re ama:mz af yo~rr 9oT.sY rs stiozM Er dirrziedlo dMz+se oYi6vials. meaics us.,e 1a51 yeat's tax rxle.s for 1hz jaxrrr3 unfts shorrn. Tric yowemm~ t~oUq o1 edch asnd (schoaf boc'~td caum~y r•~~nmr s,mr,e•rs. arid o 1ori'h) cf~ rOLs ic~rnES:eac1 is prts,ea.'ret1 tr-Om filf[wre .1pP1a1s.ai v:3 hae McveaTies'rn exLrss n1 tf pc i qr si'3om trie d:ate o" the t,,oA ariFc ns.ai i'l ll tnc ..,ti i: e+ nr1y T'~wA' ars a". 3ge m. alMeJ an!! Tec~rvt~d The S1 D C'flA s~ehri:.~l 92ix ezeTCT,^xtr~n t'~n Sv!qr Ponar;e k~~1 ga:Aia ficntri sWh~i IrS:e~ ~~bp,~e~. yD~.rr cio~3cl t.h~ts r=1hi5 y2a- 7 ~ wr.tiea+ yoU frcst recenm0 TMe exeTrrrAamra rra 1h=s riurnP. tt y.cw arm 4isa'b4ed arn:J rrcervecl ^um 5 1D,0flt3 5Lyi=1 tctix e:.~rn,~tmim on }cuicr n;;r.ie 1351 y8ar tro~7, vxtmct~eve lv~tr 't. +y.:iwT schuUt Zares fz- 7nrcs year wffi TTat be Impher Atuan m2T•M3~~s arttie ILrn i~ ~u r }~}cn~'~~,.~' c ~"eg ~t1~.~+5 2ue r, qr rr `mzn Tt }~ar cc,aoege h3s appT4verJ a r,:n~~t•rcsn rm g~.~e YaxtS ma t~ne pt ~r~r~ 4, `A .~ar .i'artna~r ; o6ie~ a~r,r~~ Nr,~• a~mstz~tnrc ar Crt.e ~;~t ~~a~ ~rr.a ~a4,r~~'3mr tr~ +rts.~:a1~n la s~~,rnrr~..~.~yourag~L 'r~~~ r..~,p Tr.fl ;re JI, L..'7 JTM1y'. L'ny ait7R+~.'.7d C~+12'.IvC CY'IITny^, m:ly' vn.^.7iC2.~E'~.."f ihp52 /TT~,A1 Er'vC IS Tl yG. c v y r. ~ ..~Y$~S c:i34 re?tc-.e ti tr~:s yezv s Crcyv;DsK0 Va'ur in! qa~r p,cF.r+.~+y vr A y~o=:i ra ~ an ~ G:tirn tr ~;c C-nrr-I, J( u ;,12;rm cu,mr,u; be }3u navve vc> rqn4 t'a appeal 1'0 ttne a,gp7a~si:l :t,.M1C wxx;t~e:n {,rr*,es: a•.r~h 7ne :ak13 "n:ie-rr tnv c7e..a1j!•mc ciave 7lrrrr Ivi fir:ng a pm<ee:t June 21.20011 M.~ti 0 T~rmg> l.rit~l~i~ G*~O ~i't $O?Clifi't.1 i'J:FtiS. TEV:l.S 7'.14GD wtll ML.`!7Yn M'Ei•r.'t~y July 7. ::?4uFl . f.'Rf3 1'nr FkRP waii ri ;trfy ynti u(ftnc xiaYe.. i:me, itRSt 1e:r1r b srrrai 1tme 17Ppnisal d istrm1 nffrcc• 11 you rcritern[1 ;o appe:ar znU p+esc'ri1 rvitltnct t)e~tore 1tn-e !xkelIetJ meamag. EmCfnsgtl. alsn. M inlDrrnzihnn Pz) irf: ip you M. p4repattriy yGwr P3ut'ezt Yau U;D nD1 nrt-- to ir_ I~ thic rnunEerl 10rRI tm tiit' yc'r,r Frotc~t eYtrr,'n 4 imluWz you'r r~imt-.'','mrr pmPrtr'Iy s rSescrr~.lrnn, and tincH aTan Im prMtrttrcir~, ~rc51•ran'S D; n~Yd rn~rE ir,t~r.~r~~'rtvn. ~sle;~~t.c:• Cisri:l~rl'IMt .'p~.n~sel Y1~5.:z--~ ~?lir~e :~i .crC~~ , , a~. ~r at tPr2 a~t]+ex.5 ~Iie•~;^ri :~h:~ctr~{tri.iis ~Flv;,i~ 7his u NOT a T 5ta tement LAMAR COUN 521 BONHAM Po Box aoo PARIS. TX 752 Phone: (90) 785 DATE C ~ 2008 Notice Uf Appraised Va ue jhis N°!!c° fY APPftA1SAL DISTRIC3 nccount t~: ~TREET Ownership 100 (10 GEO ID: 61-0400 LEgat• n~gSRR~,YSSEIt. SU~:`.`F.r', TR:.CT 20. 7822 Fax:(9D3)785-E322 DBa: F NOT1CE: May 2, 2D08 r.~RE: s zaaaz Situs: PROPcRTv iD_ tQtit: - C:.i~iPB"cLl SCU~ SUPP! Y L:_C A DEL;.~.nAq: LO'P ONt~tER~C: ti~~J2t7 s}0 =h}a 39, ~_~C`- C:.~:?D~ On 7 t~ t yNFD62l.'9AL HEARI!NGS MAY 2-JUNE 2. 2098_ THE A828 FIEARL1vEG l^97LL SE SLNEDtALED TO SEGISd OrtJ JlYh1E 10. 20nB_ I` OFFOCE HOURS A4tE 8-4_341, 13ONIDAY-Ff2SDAY Cr¢.3r i'caae-rty O nert. tcai abcsue Erya t~n~ tax year 2'IIi~Ei 61s nE 3anuar :1, awo aPpPaaSe39 nS IIu3iemet3 ~l-Cl--G+vf Il 9 ' r We navc apR _ . : . . ns is.ed ttng wopea ~ . - I - ~oPosed - _t Lasi Year - 2007 ~ ~ A~r,praisal iniarmatrfln - - - - - _ - ^ . . L . . 7 . • . ' " I Soro¢3vrn A Irn[rn i C3arkw+1 O:u1+,:w . _ _ . , D . . . . . ~ Rta~Mca~7 17afue om . _ av Wmmbeer Lamd . . - . . , • 4I . 20 14.63 • C LLVWYaEue ol lmiber Lsted . . . . 0 . " p . _ . ~ lSarPw! Ya9ue ot . EuPa2v3ds . F'ro~eatY~ i ; • ~ S, c 4 D S I. 4I 0 .._--mEal- ~ i LlarYet - ~ ~ Fko~tet~~rK va X ot Aa}q imober ILaaed - _ 40 . ._.i. ! APpraised Yatue - lPosvble HmmesSeaa] Limi4aSnans. seo aste+nsk DeFonv) . . - . Q ' p , NweoesEead c ap alue aaeoaulamg dJOn-Fimvnesato Yatuv qL sr. Aw C~rooseertca9) 2~B ; 2{DOB 2t3Dfi--- 2007 Estimaled Freeze Year and~ 1 I 20fl7 TaYable Ta:ing Uni1 i Proposed Exem ifon 7ax Taxabls Rats ~ Ta:ras Taz Ceiling` : ~ *S+essad Va➢ua . Amasmt V iuQ a 2190cK 5,93 Yalue - ' T ~ 1,340 o. 4 4 `1 06 1 1.3~50 ,JICS Y 3~i?drtiR CO 34L) 3 Iy - 3,34-3 1.155?60 00 1. 330 , a[oHTI[ 3A*!AR ISID . ~ o n S.3:o D. ~OOQt7(l 1,'3 i fE f3 34 CFJR'A:.L AYPR%.d S7+I- ID I STF:7 C 2. . Tlae Tnsas tegs° ~ 7a7ssL Esze<<~nATED TaxEs: ss - - ra;,~er7y ta: burden is ~c+des! by yovr totadiy eieci~ed af{aciais, and rure sifles nmt set ttre amrnrnt Df ynur s~acai taues_ Ya~ ,o al1 anquirres mirsg ~ur tax,es s~irxri:~ be afirected tn ti~vse flifiaials_ 1!^e ammve fx es3nrtoa5es us~ 9as~t ~pear'c ?ax Ta1e5 te~x 9t~e 6a,Kim~ v^its shown. h~ ~TUVe•rcnvr_n h~2.`y eR ~3cn lsr.hr~c~N t~a~~r~!, ~~~*~Fv cmmrceiss,anecs, nQ so tOrt~o} t3ecie9es ~vrsethier pr~ay~-erty saxes urnsRease I he appncaiisa~ srstnca oni:y aetePrnmes your zanrapeQov's catiue. Tne [axir,g uviios w<<e se'i Tc"IiX lc3CE'S f3tC•F. YhrS }"i'3r eS2l vatue ar.creases in excess oh it]m. Rer year rrarn [~^e caate o' ine tasC apAraisal Pt.€SS ' res+mer~c hornestead ~5 pratecte~i kmrn ~iALliB C~~~P~ Ynur tne waiue of any new impsovements i` you are ag 65 a+ ntQec arta recewed [he SjO.Q.'t0 schoot tax excrnptian on yi.ur rtome last year Erorn tne sr.{zcz,ii tLstec1 anave. youc ;choo eivect the taxes tur tnLs ye rYvill rtOi l7C higher [han rvhCn you first rece~.•ed [ne exernptQUf °cb uotrta estoc th~ {e~ iSa^at oen~oner than t e 20030axes school tax exe pEion pn yauE hame last year trom the s,choni ti;.ed above, y pvec3 a t~r.~~[at~an an ya~r taxes wirve +irst year you reC°ivem :ne exemptoan. .vnLctrever is taCer. ➢f your c~un7y , ci[y, c~r iuntoa col4egn has apTFr approveck the pcecediR9 Y a"• YQur caunty, ciFy. or juntot colEege taxes,:rill na4 ne hizhea Shan ehe tq~ t aa~~~ oa~ms orY'o ,i:iylcsm~}si toroexample) yaur sc ot e lcmtS3hon or tt~e hrst ycar you qualitiec~ tar ttte 1ismmtattan, tl you i~Rrovec ,auT f~ +~P ; Y county. c,ty_ or untor callege cekting may tnClC35i PD1 9nese vmwrOVLCnCn:S. 911 you WG a SUtu7vAtryg Gp6USE 3(je n! sxl[5r.r. you may cetam tne schooi, caunty, c,ty. or juniar couega aax cel<<Tg. It you wt;h [o a a{iral. you mu51 tadc aINF21T7EN prcilesi wiin 3ns AR8 1)eRare thc dCa:9l,nc .lat2: Deadlirne far tiiing a pratc~st: Jl➢NE 2, 2008 Location o1 Hcarings: LAMA3t CAD 521 BONi-IAlA PARIS. TEXAS 75469 ARS wi0i Degin hgarings: .fUNE 10, 24308 r;,rotest ~ONti' to s^lla to [he FpRra«l Qi=tnct Otticc is on tne back ot chis natice, if you intena to apoear anc presenc evidence bctore ;he ARn at:rotes; !s <_ut%crent tt i[ «idUci°S IR8 pr6(CSi:ng property otirn°_r. 3ccount c,unrDer, praperty sdc9ress an0 reascjin tor protes6~r,g The :,R9 vnll nonfy yaW at tnc Qale time, anti p'.ace ot y00+ n nenuied neanng ERCiosed. also. as ~rttnrmat,on tfl relp yao irt orepanr.g ynter protest li ydll h3`1C alt Cju°SI66'RS Of itEafl mOCn ;ntcrr.rnaticbn. {xtezse cantaci in-e 3r'r14at531 U~,ViCi (Dtttcc'. 3: 1903) 785-78!11 Or 3[ it'tC ZCDCSAE'S5 4no'::n zomv?. : ' 7hs iS NOT a 72x - _ _ 2008 Notice 4f Appraised Vaiue i i}O mr ray rruun ' Thu N°=tce 1 St3ternent ~ _ 11 ; LAMAR COU - . Y APPRAISAL DtSTR1C7 pccaunt ~P: ~ ?5 3 ~ ~ / 521 BONHAl+A TREET ownersnip S oO 00 PO BOX 400 GEo ad: PARIS, TX 754 5 1-04Q0 822 Fax: (9D3) 785-8322 DRA: Lea3a1: Ci t Y OF i•ARtS. nLQC:c 297. LOT 14- - - Phone- (903) 78 oATE o NoTIcE: Vay 2,2008 A cRE s za.,: S~tUS: RO?cnSY ID: 105323 - ✓~_~.•:an~ CCt~2P SU~P! Y LLC Ai~~?E-LL SOLlP C:•.'\GRt~. 7~'k?:1; a aox 39, 1 AirSABELL PL::Cc AMDEN NJ O311-:5 [)car Praporty Ut rter. We have aPpra secn ihe Slruclure 6 dcnllirtOv 1lavket V'aiwe o! No ~ l.Sartkat Yalue ol Ag ..ISarf~ei Ys►ue oG Pe 7ata§ Wnke4 W'aWe Apprasa~!'~'aliae - i 3iaanr.•1~ Up 1J2 E~eampe~oos - i 20(37 ! 7asahle value 1..970 1,970 1 .970 1 .970 1 . 970 EWket VaJwe - INFL)RMAL HEAFZah1G5 fAAY 2-Jl7NE 2. 20m8_ 7FIc Afz6 tiEAf2tD1'G W1LL BE SC}iEDUS.EiD TO BEGW ON JUME 70_ 2008_ OFFiCE HOtJR5 ARE 9-4:34)• MONDAY-FRIDAY 2DGSB- As ad January o~r ~ppxaisaE is ou[lined_be4pK_ Irsted ahove foQ ibe tax lnimrmatian mbin Land ' ~eea! Propertya4+neQals ~ Last Year - 2{3D7 B - 55. So0 4. 590 - O . . . _ ~ ~ . - ~ i---- ty, 59D - _ . ~ - ~ ~ ~I14713 1 . 976 . . . onner Laaa~5 9~'a /u~i 'b _ i cA . . _ _ . . bssiWo 4i9nrstead re e=clcxdw~g Klnra-)scur~sne LYa1ue ~ie. Ag. +tarmisr.mcw, Taxing l3r►it Mi,R Gb'lSt?TY ?Y mF PARI S 2{}08 ~ 2008 i , _ 2008 ~ Taxable ~ 2007 i 7ax Rate 20M 20~8 Estimated Freeze Year anal. ~~s~ Exempiian I Taxes Tax Ceiling•• ~ ~nssesssd valus Amount - Va3ue - ~-e~--- 1,970 4 l,'~'J'D 'a . Sof>i9C+0 ae.na . S,. 979 p : 9"SU . R' 3BSrfYi1 . 3.. 50 ➢ , 970 I 470 D I.9~0 I.266I60 OI . Q1 00 iSD 0-C46000 . . L:.P?FL~:S:-.I. DI STRI C 47d . . Tp7Al ESd1mA7ED TAXES: $.46 67 , , , . C':c. ~ A~=_°~.:_c~ ~aiL: urlrxal# electedflfliciais. and Phe Texas ieqis aiwe ds~es nat sei Lh° amouni of you~ 1acaP 2~es Your ~ro~rty tax ,birrden is sleci~eA bY Ya a)l irquiries con rning yaw rases sholr1d be drrecrQd tfl IhOse olfrciais. afi,c abave taY escrraca6es use Vzsl year's tax rates iar Rhe 9axomo ~wncts sho~rn. Lrie goverr~ina~ bady of eaeat nn!nit gsciro~f boaA . counsy -~7Sci .:.tN• . . c~.:~ ' - 4.i1... Y~vr•a.::`j c;n ts w~tl set rax ates taaea thcs year • your re5e42enCE h6rstCSiedC2 cs RRor.ected Cram, futurte appraesal latue krlaeases in excess cr' peP year fr.nrn tMe eEate ca` the east a¢;Drats3i PLUS cne va~ue mt acly new impACnvements- ~sr s~~aai Rt ycau are aga 65 oR okder am~ receivecl tl~e St~b.S~ s.ch~cmt lax exePmPtears arn y~ccu ~o: an~~ iast Ytav bra-rn a~nc szfta~fl9 iasfled atroere, y taxes nor lhiis ye r wi91 na7 be riegKeo than arhen you 9vs9 ,rsceuved Gfioe exa:Rnpt:imn tan yavn haa?tic. 79 yCnIn BrU dssab9L't! antI rCte+vclf tRe bt,D:IDW sskn~rnb tax ex 7eocx on yrow harne 3ast year trorxn 3he schaoP. IIisEed above. yDur schaot taxcs lr.i 9has yeac wnl9 nat he higlzeT Ihan t e tax„s oc [trne tirst yea nu decesved gfne exempt~on . vrhEyYoevec ns CaSec_ IE ymjn counDy. .ciCYmR D~~tcv cmttege Snas ap'Aroved a lianaSa6i0n on y'our Iaxes rn county ctt ihan I~mr art on o`r g[he hrst year yaet qua Lt ed taf ~her~ miteatgi~nax!! y3n~ILirsoproved[~our ~eraRe~ YtAoY aclaengarocs ~ orytut6dc ~sg mexacorlege mple) ~~ra d t e caunry, city. or unios eottege ce, tcncy may i,r ccrs a s e tm r tpt s se ir.n praverments. ft yau aee a survrvin,g spouse agc 55 a: Dtoer,. YoW rnay ret3in the schnot, cnunty• icY• mr juneor caABegc tax ceolling_ lf yvw 4+:o5h !fl a peal, yDu anv5i }iiE a NdRCJ 'fEN ptaQesG w+th nhe RRB 4t-foic 7he deadiine flata: Deadline lor filing a pratest_ JUNE 2, 20M LocatiDn n1 Hearings: LAMAR Ci1D 521 aONHAM Pr`R15. YEXAS 75460 ARiB witl begin hearine3s_ J4,l3r1E 143, 2~Y3i 8 a protest rOPiti1 !o send to the Appsaisal Dis9r4U OE9ice is on ttze back o} this natk. e. it ymu in2eRCl ta appear ana pdesent eNidenfe 6etaee tne :.R3. er, ess A pr or the da~ef. tciLnt ~me. 1and ,pla eeottyavrr~h~ ge P~~oent) wcnct sc~ :~bi.o~inbn flpm~~`o'TMy'D~~flp YDUn~ r~°~a~ ~o ` P'oa9stI he :•R9 ~vilt notety Y~ Ii yanv hava any qvesloons or n°ed maxr inia7martinn,, pleasL caniazt tne ap;Vaosal distfc; t0Efi;ice at 39C3j 785-7827 ar al 6he address shovrn a flwe. EXHIBIT "A" TO TAX ABATEMENT AGREEMENT (Follows this Page) . ~,!kL . • : qr .J s'. ~ ~LAIF~. ~C .,a . ~ ~ 9 E X HI c3 fT._A,. C'j4,` k.°Yl oi PctRLt S„ 57" E - ."W. CAMPBELL SOUP MARCH 2006 DRAWN BY: CBO SCALE: 1"=600' EXHIBIT "B" TO TAX ABATEMENT AGREEMENT (Follows this Page) CERTIFICATE OF COMPLETION STAlFE OF TEXAS CO TY OF LAMAR The City of Paris has heretofore included the property known as the Campbell Soup Plant and epicted in Exhibit A attached hereto into the City of Paris Enterprise Zone ("Enterprise Zon and executed a tax abatement agreement with Campbell Soup Supply Company LLC for certn real property and personal property improvements to be made at the Campbell Soup Plant ("Im rovements"). Campbell Soup has made the Improvements to the Plant as provided in the Tax Aba ment Agreement dated Nov, 24, 2008 and based upon personal inspection and/or info ation provided by Campbell Soup, the City of Paris has verified that the Improvements wer in fact completed, as provided. NOW, THEREFORE, in accordance with the terms of said tax abatement agreement, the ity of Paris authorizes that the property described herein shall receive a tax abatement of 100 0 of the taxes assessed upon the completed value of the Improvements beginning with tax year 2010 for a duration of ten years. . APPROVED this day of Mayor, City of Paris, Texas AT EST: Jani e Ellis, City Clerk AP ROVED AS TO FORM: W. ~,ent McIlyar, City Attorney EXHIBIT "C" TO TAX ABATEMENT AGREEMENT (Follows this Page) E~HIBIT C CTTY OF PARIS, TEXAS POLICY STATEMENT CRITERIA AND GUIDELINES FORTAX ABATEMENT 1. and empio will gi law to ` Evalua , abateir any ap II. owner Facili prec( prop Base Purpose and Objectives. te City of Paris, Texas (herein called the "City") is committed to enllancing the veness and the expansion potential of the City's manufacturing indu5try: to ath acting uraging new manufacturing industry and investment; to improving the City and its :ture which atlsacts and supports development; and, to eapaizcLing the ta-x hase, Lent opportustities, and the overall qualitY of life for its citizenry• Therefore, the City consideration, on a case-by-case basis, to providing tax abatement according to state e owners of real property for projects which stimulate economic growth and :ation in the City. abatement benefits may be made available to industrial, manufacturing, i, and service facilities currently in the City or locating in the City if located in a Enterprise Zone or Reinvestment Zone. New facilities and structures as well as the will be considered. and moderriization of existing facilities and structures, of a tax abatement request wilt be based on the information provided in the tax application. However, the City is under no obligation to provide tax abaternent to ant. a) "Abatement" or "abatement" means "tax abatement", which is the full or partial aon from ad valorem taxes of certain real and tangible persanal property in a stment Zone designated for economic development purposes. b) "Agreement" means the written ab eement for tax abatement between a property and/or lessee and the City. c) "Authorized Facility". A facility may be elib ble for abatement if it is a Manufacturulg a Research Facility, a Rec,,ional Distribution Facility, a Regional Touri.st Entertauvnent ~ or Other Basic Industry (all of which terms are defined below); or if the facility is a ic Properfy defined in Section N(b) below within a City of Paris Historical District. d) "Base Year Value" means the.assessed v~u e the a~reeld upo e alue of eligible 1 iing the date of execution of the agreement pl g rty improvements made after January 1, but be~o~re~~ear to year as pe r end tions by he !ear Value may be adjusted either up or down Y r County Appraisal District. )"Employer" means the owner or lessee of Property who provides Jobs within the Reinve ent Zone or wit,h.in the Enterprise Zone, applying for tax abatement. "Enterprise Zone" means an area of land desio-nated as such under Chapter 2303 of the Tex s Government Code. )"Jobs" or "a JoU" as used herein means a position of full-time employment for an individ al to work 32 hours or more per week for an Employer, in which position the individ al is provided the benefits normally offered by the Employer, such as health insurance, vacatio time and some form of retirement benefit. A Job is not a position filled for the Emplo er as a worker or employee of an employment agency or service. "Jobs" as used herein include "Full-time Equivalent Jobs", as defined below. )"Full-time Equivalent Jobs° means a number of part-time jobs where the hours worke in each such job is less than 32 hours per week, made available by one Employer and added ogether. For example, si-xteen (16) part-tzme jobs made availaUle by one Employer where such part-time jobs added together require a total of 352 hours of work per week (but no suc part-time job requires 32 hours of work or more per week), will equal eleven (11) Full- time E uivalent Jobs (352 hours cLivided by 32 hours per week equal 11). Full-time Equivalent Jobs d not require the employee to receive benefits from the Employer. . i) "Manufacturing Facility„ means buildings and structures, including fixed machinery and eq 'pment, the purpose of which is or will be the manufacture of tanb ble goods or r materials or the processing of such goods or materials by physical or chemical change. Facilities ~ prim ' y engaged in assembling component parts of manufactured products are also consid red manufacturing facilities. j) "Modernizatiori" means the replacement and upgrading of existing facties which increa es the productive input or output, updates the technology, or substantially lowers the un;t c st of operation. Modernization may result from the construction, alteration or install tion of builclings, structures, fixed machinery or equipment, but shall not be for the purpo e of reconditioning, reiurbishing, repairing, or deferred maintenance. k) "Other Basic Industry" means buildings and structures, including fixed machinery and e uipment, not elsewhere described, used, or to be used for the production of products or servic s which result in the creation of new Jobs and bring new wealth into the City. I) "Personal Property" means machinery, equipment, tools, shelving or materials eligible under applicable law for tax abatement, which can be removed from an authorized facility desc ' ed in Section N(a) below. m) "Property" means Real Property or Personal Property defined herein, as is applicable accor ' g to the context where used herein, that is eligible for tax abatement. n) "Real Property" means the land within an Enterprise Zone or a Reinvestrment Zone, to~e JeTwiffi aIl improvements and f'v:tures constructed or otherwise situated thereon. )"Regional Distribution Facility" means builclings and structures, including fixed machin ry and equipment, used or to be used primarily to receive, store, service, or distribute goods o materials where a majority of the goods or services are distributed to points at least 100 indl s from its location in the City. )"Regional Tourist Entertainment Facility" mearis buildinas and structures, including fv:ed m chuzery and equipment, used or to be used in providing anluseznent/entertaiimzent throug the acluiission of the general public where the majority of users reside at least 100 miles from th City and where the majority of users are lilcely to stay in the City for more than one day an will therefore likely utilize local restaurants and hotel/motel accommodations. zs an area where the City or County has decided to unfluence „Reinvestment Zone" • develo ment patterns and attract major investments that will contribute to the development of the are through the use of tax abaternent for specified improvements. )"Research Facility" means buildings and structures, including fixed machinery and equip ent, used or to be used prunarily for research or eXperimentation to irnprove or develop new t b ble goods or materials or to improve or develop the production processes thereto. )"Tax Abatement Coinn-Littee" means the comnuttee of persons desib ated from time to time by the Paris Economic Developrnent Corporation to study, review and recammend tax abate nt to the applicable taxing entities in the community. The Tax Abatement Comuvttee r will be omposed of one person from each of the City (the City Manager or designee), the Coun of Lamar (the County Judge or desib ee), Paris Juivor Col:lege (the President or . desib e), the Chief Appraiser of fhe Lamar County Appraisal District, and the Executive Direct r of the Paris Economic Development Corporation._ _ III. D+gnation of a Reinvestment Zone. The City or County may designate an area as a Reinvesiment Zone in accordance wifih the cri eria and procedural requirements set forth in the Property Pedevelopment & Tax Abat ent 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 e criteria for desib ation as a tax abatement Reinvestrnent Zone as set forth in the Prope ty Redevelopment and Tax Abatement Act, Texas Tax Code Chapter 312. IV. Tabc Abatement Authorized. proje( Real I abate agree impn The City, through its Council, may ab ee in writing with the owner and/ or Iessee of Real Property that is located in a Reuzvestment Zone, but that is not in an improvement financed by tax increment bonds, to exempt from taxation a portion of the value of the operty, or of Personal Property located on the Real Property, or both. The period of the ent granted under the ab eement shall not exceed the term authorized by law. Such tent will be based on the condition that the owner or lessee of the Property makes specific ,ements or repairs to the Property. An ab eement may provide for the exemption of the Real Pr( exceeds Propert by the imp and owner not qu )perty in each year covered b_y the agreement only to the extent its value for that year the Base Year Value. An a~ eement may provide for the exemption of Personal ~ located on the Peal Property in each year covered by the agreenlent other than 1 Property that was located on the Real Property at any time before the period covered greement. Inventory or supplies caruzot be abated as Personal Property. I'ax abatement may only be c,,ranted for addi aona atement a1i e brnent bet~ een the City aments made subsequent to and specified u1 ~ Property owner or lessee subject to sll1 ~ ta~°a ket value o other property of the t a l v a l u e m u s t e x c e e d any r e d u c tio n ilread y on the tax role with the jurisdiction of the City. Change in appraise d v a lue d o e s lify for abatement except in an instance where a previously vacant Au t horized Facili t y is . Value added to the tax rolls must come from actual capital expenditures. The negotiation of tax abaternent contracts will be conducted by the Paris Economic Devel ment Corporation, in conjunction with the City Manager ox designee to the Tax Abate ent Conunittee. In deterrnining where and how tax abatement wiE be utilized, the Tax Abate ent Contisiittee wiE examine the potential ret-urn on the public's invesiment. Return on public ' vestment will be measured in terms of (i) Jobs created, (u) Jobs retained in cases of existin EmpIoyers tirithin the City, and (iii) broadening of the tax base, and expansion of the econo 'c base. A property owner and/ or Iessee shall be eligible for tax abatement only upon the n5~ terms and conditions: a) If the Property involved is an Authorized Facility. b) If the Property involved is a Historic Property. In the City Historic Di.stricts there are cert' commercial and residential tax exemptions allowed. Exterior improvements in the histor c districts are allowed at 100% for seven (7) years with a minimurn i.nvestnent of $5,000 for re ident ial property and $10,000 for commercial property. New residential construction req ' s a minimum investment of $100,000 to be considered for a three (3) year 100% Pxern tion. New commercial construction requires a minimum investment of $200,000, for a 100% ~ax exemption for three (3) years. c) If there wiE be the creation of new value. Abatements may only be granted for the addi onal value of eligible Real and Personal Property improvements, suUject to such ordy limit 'ons as the City may require• Real Property t itse value fob the yeazain h e exten that its value for each year of the ags'eemen exceeds agre#ent is executed. d) If there wiE be new Authorized Facilities created, or if existing Authorized Facilities inriIl e improved for purposes of modernization or expansion. e) Eligible Property. Abatement may be extended to the value of buildings, structaxes, fixed rnachinery and equipment, site improvements, tangible personal property, and that office spac and related fixed improvernents necessary to the operation and administration of the Author' ed Facility; provided, however, that inventory or supplies shall not be eligible for abatem t. Eligible property for -~vluch abatement may be ~ anted includes nonresidential real proper and/or tangible personal property not located on the real property at any time before the abat ment agreement becornes effective. Leased Aiithorized Faciiities. If a leased Authorized Facility is b anted abatement, t he ab e men t may be ex e c ut ed with the lessor and/ or lessee, depending upon the pasticular circums ances of the proposed project. If the agreement is with the lessor, lessor shall demons ate binding coniracts with the lessee to guarantee conzpIiance with the terms of the agreem nt. to an aba value the C. If a Jr Facili the rE abate r ~ Va1ue and Term of Abatement. The City will decide whether to grant tax abatement fficant, and the amouzlt, if any, of such abatement, on a case-by-case basis and 'uz ~ce with these Criteria and Guidelines. The term of abatement gx'anted under any nt may not exceed that pem-itted by applicable state law. The amount of the nt shall be based upon a percentage (0 to 100%) of all or a portion of the eligible within the Authorized Facility. Abatement may only be b anted for the additional eligible property 'vnprovements made pursuant to and listed in the agreement between and property owner and/ or lessee subject to such Iimitations as the City may require. ernization project includes the xeplacement of improvements within an Authorized the value eligible for abatement shall be the value of the new unit(s), less the value of iced unit(s). The criteria that wiLl be used in evaluating a particular application for nt will include, but not be limited to: 1) The doltar amount of the increase in the tax roll for the proposed project; 2) The number of Jobs created or retained by the F-nployer irivolved; 3) The possible effect the proposed project will have on attracting other taxable improvements into the City; 4) The natu.re 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 lonb 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 improvements and services (water and sewer main extensions, streets and roads, etc.) required of the City and the types and values of public improvements to be furnished by the applicasit. unp ) Economic Qualitication. In order to be eligible to receive tax abatement, the planned ments: 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 investinent (DoIlars or Jobs) or unusual circumstances 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 reasonaUle allowance is made necessary ` improvements or relevant governmental actions. Taxability. During the term of the aa eement, taxes shall be payable as follows: 1) The Base Year of eligible property.as determined each year by the Lamar County Appraisal District sha1.1 be fully taxable; and 2) The additional value of elib ble property above the Base Year Value shall be taxable in the mansler described in the agreement. The Chief Appraiser of the Lamar County Appraisal District shall annualJy determine an asses ent of the Real and Personal Property comprising the Reinvestnent Zone. Each year, - the E loyer, the company or individual receiving abatement pursuant to an agreement shall furrLis the assessor with such information as may be necessary to determuze the amount of any abate ent. Once such value has been established, the Chief Appraiser shall notify the affected jurisdi tions which levy taxes on such Property and the Paris Economic Development The Employer, owner or lessee of eligible Property requesting tax abatement within a Reinv tment Zone shall, prior to the commencement of eligible property improvements, agree to exp nd a designated sum of money and to create or retain a certain number of Jobs, or annua payroll as further defined below. V. T Abatement for Real Property; Creation of Jobs: Tax a atement may be made available to Employers creating Jobs with respect to an Authorized Facili located anywhere within the City or its extra territorial jurisdiction based on the ) To be eligible for any tax abatement, there must be a mininlum capital investrnent in the Au orized Facility of $250,000 and at least ten (10) new jobs added to the Employer's labor force. ) When an abatement percenta~e has been ab eed upon it shaIl be ~ranted for years one (1) thro ~h three (3); thereafter, there wi]I be a 20% reduction in the ori~ al_percentage abated be i' g with year four (4) and a similar reduction of 20% in each of the next three years until 100% o the Real Property valuation is added to the tax rolls. Tf2is forrnula is exenTplified in Exhibit "A", at ached to this documenf. c) Criteria for qualification for tax abatement are as follows: and Newly Created or jobs j Possible Abatement Capita Investmen{ Minirnum Annual Pavroll Created Onl lst 3 Y~oo $250,0 0-$500,000 $125,000 10-25 26-50 o 30% $500,0 17$750,000 $325,000 51-75 4fl% $750,0 1-$1,000,000 $635,000 ~6-100 $1,000 001-$1,500,000 $945,000 101-125 60% $1,500 001-$2,000,000 $11260,000 126-150 $2,000 001-~3,000,000 $1,570,000 151-175 $3,000 001-$4,000,000 $1,880,000 176-200 0 90 /o $4,000 001-$5,000,000 ~ $2,190,000 201-225 100 % $5,000 001410,000,000 $2,500,000 , d) Any project with a capital investrnent of more than ten mill.ion dollars ($10,000,000) ~anied by a newly created rnuli-mum arnual PaYroll of two and one-half mit]ion dollars ,000), or creating more than two hvnd~'edQ e~an sV e~cifiedj'ins ta a~^' ~~~dually ited_ No abatement willbe granted for m P e) If a newly created business is located or will locate within an Enterprise Zone, an )nal 10 to 20% abatement may be available as individually negotiated, with total abate ent not to exceed 100%. VI. T Abatement for Personal Property; Ci'eation of Jobs: The City recobnizes a si~ zi.ficant difference in the valuation of real progerty and pers al property. Because of depreciation schedules, often the abatement of personal property is ba ically a tax exemption. For this reason, the abatement schedule for persoral property vers real property is significantly different. If personal property should become obsolete and be re laced while under an abatement agreement, the replacement personal property is not eligi le for abatement. a) To be eligible for any tax abatement on Personal Property, there must be a Lnuvmum capital investnzent of $250,000 Jn Personal Property and at least ten (10) new jobs added to the Em-p over's labor force. (1) throt beo u1iY 100% of Exhibif Capi $250. $350 $500 $750 $1,0( $1,500 ' $1,750 )ranted for years one ~ When an abatement percentage has been ac.reed upon it shall be zg ~h three (S); thereafter, there will be a 20 ~o reduction in the origi.nal percenfage abated g with year four (4) and a similar reduction of ZO '/'0 in each of the next three years until he Personai Property valuation is added to the tax rolls. Tliis formula is exeniplified in B°, atfadied to this docurnent. Criteria for qualification for tax abatement are as follows: Investment Newly Created or 1obs $125,000$325,000 $635,000 $945,000 $1,260,000 $1,570,000 $1,880,000 $2,190,000 $2,500,000 10-25 26-50 51-75 76-100 101-125 126-150 151-175 176-200 201-225 -$350,000 -$500,000 -$750,000 -$1,000,000 D1-$1,250,000 01-$1,500,000 0141,750,000 01-$2,000,000 01-$3,000,000 Possible Abatement 20% 30% 40% 50% 60% 70% 80% 90% 100 % al d) Any project with a capital investment in person propertyof more than three million ~ Payxoll of two and one- dollar ($3,000,000), accompanied by a newly created m~~ ~u n half mllion dollars ($2,500,000), or creating more than ~an~d or more than specifiedin st es wi11 b individually negotiated. No abatement wi11 be b _ law. . e) If a newly created business is located or will locate within an Enterprise Zone, an na110 to 20% abatement rnay be available as individuallY negotiated, with total abate entnot to exceed 100%. VII. ax Abatement for Existing Employers Regarding Real or Personal Property• The City recognizes the value of its existing EmPloyers to the well-being of the co unity and desires to encourage existing EmPloyers to ~ Accorclingly, anrove their espective businesses and ixzdustries, as well as theu' pofitabilitY exis ' g 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 constructinb new ' provements on its Real Property and/or adding new Personal Property to its Auth rized Facility which qualify for tax abatement under these Criteria and Guidelines, such -veTnents Rea Emp oyer may be elib ble for tax abatement with lespeC ofcArticpe V nd VI above even if Pro~ rty or its nev~~ Personal Property under the provlsiOns no new j existing Authori Newly new Per above (e this reg much e x remain )bs or Newly Created AZinimum Aiunual Payroll are created. In these cases involvinQ ;mployers, the criteria for tax abatement for improven-Lents to Real Property at ~d Facilities are identical to that set forth in Article V above (except that no new Jobs or 'eated Minimum Annual Payroll are required); and the criteria for tax abatement for onal Property added to Authorized Facilities are identical to that set forth in Article VI cept that no new Jobs or Newly Created AZuumum Annual Payroll are required). In •d, however, the City encourages existi.ng Employers to retain as many Jobs and as sting Annual Payroll as is economically feasible for the existing Employer to do and petitive in its industry. VIII. A plication. ) Eligibility. Any present or potential owner of taxable property in the City may request ax abatement by filing a written request with the City Manager or County Judge, with a copy f the said application to be forwarded by the applicant to the Executive Director of the Paris Ec nomic Development Corporation. ) Form. The application shall consist of a completed application form accompanied by the foIl wing items: 1) A general description of the improvements to be undertaken together with the projected new value to the Property and the type of business operation proposed; 2) A detailed descriptive list of the improvements for which aUatement is requested; 3) A Iist of the l:ind, number, and location of all proposed improvements of the - Property; 4) A list of the number and type of Jobs created, including information pertainulg to anticipated job tran.sfers; , 5) A metes and bounds description and plat of the proposed Reinvestment Zone that shows all roadways within 200 feet of the Reinvestrnent Zone and all existing zoning and land uses within 200 feet of the Reinvestment 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 inforrnation about the proposed project as rnay be required by the City or as deemed desisable by the City. c) Peview. Once the application has been reced/esthe s an acmcuT ~ Ysu~ CO~~be revie e d by t he Tax A b a t e m e n t C o m m i t t e e f o r c o rn pleen will the review process Paris Ec distribute the application to the appropriate departrnent heads and taxing entities for Ld comment. In addition, no tax abatement application shallbe consi(lered for further c, by the goverzunental entities unless first approved by the governing boaTd of the nomic Development Corporation. ) Public Hearing. The City will comply wlth certain public notices and hearings under the Property Redevelopment and Tax Abatement Act required as mandated by state Iaw prior to e desib ation of a Reinvestment Zone and execution of a tax abatement agreement. The Ci may adopt an ordiitance desib ating a tax abatement Reinvestment Zone only after notice o a public hearinc, has been published at least seven (7) days before the date of the hearing, and aII other procedural requu ements of Chapter 312 of the Texas Tax Code have been ) Findings. In order to enter into an agreement, the City must find that the terms of the propos d agreement comply with these Guidelines and Criteria, that there will be no substan 'al adverse affect on the provision of City services or tax base, and that the planned use of the P operty will not constitute a hazard to public safety, health or morals. Incident to the approv of any ordinance designating a IZeinves a~ b a shtall e land t be improv ments sought are feasible and practical an include in the Reinvestrnent Zone arid to the City after the .expiration of the agreement. of any y be Variances. Requests for variance from the p~ o e nt shall the Guidelines made ' writing to the Ci-ty; provided, however, tha abate ent exceed the period authoxized Uy applicable state law. Such xequest shall include a uest ~ compl e description of the circurnstances requiring u7~sanc ~ o p~e members of the C ty variane shall reqwse the affiimative vote of three fo _ IX. inclu After approval, the City shall formally pass an order or resolution and authorize the Ion of an agreement with the owner and/ or lessee of the Authorized Facility which shall 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 termination date of abaternent; d) Amount of investrnent and average number of jobs involved during the term of the ab eement; e) The proposed use of the Authorized Faciliry, nature of construction, tirne schedule, plat, property description, and improvement list, as provided in the application; f) A listing of the kind, number, location, and costs of aIl proposed improvements of the 10 ~ A statement litniting the uses of the property consistent with the general purpose of zcouraging development or redevelopment of the Reinvestrnent Zone during the eriod that property tax abatement is in effect; ) That access to the project is provided to allow for the inspection by City inspectors nd officials in order to ensure that the improvements or repaiss are made according to Ze specifications and conditions of the agreement; ~ That property tax revenue lost as a result of the tax abatement ab eement will be ecaptured by the City if the owner of the Property fails to make the improvements or epairs as provided by the ab eement; Each term agreed to by the owner of the Property; A requiTement that the owner of the Property shall certify annuallY to the City that e owner is in compliance with each applicable term of the agreement; Contractual oUligations in the event of default, violation of terms or conditions, 3elinquent taxes, recapture, adiniliistsation and assignnnent, 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 ab eement. X. Def ult. If the City determines that the person or entity receiving an abatement is in default accor g to the terms and conditions of its agreement, the City shall notify the company or indivi ual in writino at the address stated in the ab eement, and if such default is not cured within a reasonable time specified in such notice evnt the,) ompanyeor individual allows mo d or ternzinated without further notrce. In its ad alorem taxes owed to the City to become delinq { S{, o~f ates any of the terms anu follow the legal procedures for their protest and/or co~e agreement then may condi ons of the agreement and fails to cure during the Cure Period, be mo ''ed or temiulated without further notice, and the ab eement may provide a formula for recap e of all or part of the taxes abated. At any tune before the expiration, any tax abatement ab e ent may be termulated by mutual consent of all parties involved in the same manner that t1le agreement was executed. XI. prop Sllbj E theC fidentiality of Proprietary Information. ~ tme~ntunderlthe e Guidelines a~izd th t~ ion with an application or request for tax es the specific processes or business activities to be conducted or the equipment or other y to be located on the Property for which tax abatement is sought is confidential and not to public disclosure until the apeement is executed. Such information in the custody of T after the agreement is executed is not confidential under these Guidelines. 11 XII. Pro osed Tax Abatement Ag-reements to be decided on an Individual Basis. The adoptio of these Guidelines by the City does not lim.it the discretion of the City Council to decide hether to enter into a specific tax abatement ab eement, or limit the discretion of the City Co cil to delecrate to its employees the authority to determuze whether or nytp ep i~ should onsider a particular application or request for tax abatement, or create an ro er , contract or other le~al right in any person or entity to have the City Council consider or b ant a specifie application or request for tax abatement. XIII. In pecfions. The ag-reement shall stipulate that employees and/or desib ated represe tatives of the City will have access to the Reinvestrnent Zone during the term of the agreem nt to inspect the Authorized Facility to determuze if the terms and conditions of dze agreem nt are being met. All inspections willbe made only after the giving of at least twenty- four (2 hours' prior notice artd will only be conducted in such a manner as to not unreas nably interfere with t11e construction and/or operation of the Authorized Facility. A11 inspec 'ons will be made with one or more representatives of the company or indivi.dual and in accord ce with its safety standards. Facility Upon c mpletion of construction, the City shall annually evaluated a oAu o1° ibledviol tio of receiv' g abatement to ensure compliance with tlze agreement ~ p P the agr ement to the City Council. xlv.r under incluc provi: s the sa ab ee: the at XV. p Facili No as XVI. aba odifications of Agreement. At any time before the expix'ation of an agreement made hese Guidelines, the agreement may be inodified by the partses to the agreement to other provisions that could have been included in oribinal agreement or to delete ms that were contained in the original agz'eement. The modification must be made by ori ie procedure by which the origmal agreement wa {e P of the a eement or, tlie term of ~ ent, however, may not be rnodified to extend the b tement asited therein beyond the time permitted by state law. signment. An agreement rnay be assigned to a new owner or lessee of the Authorized only with the prior written consent of the City. -Any assignznent shall pro~%ide that the ~ ~e shall irrevocably and unconditionally asswne a11 the duties and obligations of the )r upon the same tern-Ls and conditions as set out in the agreement, and the City's ,al shall be subject to the determinatian of the financial capability of such assignee. Any nent of an agreement shall be to an entity that contemplates the same improvements or , to the Property, except to the extent such improvements or repairs have been completed. ignment shall be approved if the assignor or the assignee is indebted to the City for ad m taxes or other obligations, or if any event of default under the agreement remains Contract iZeview and Monitoring, and Reporting. a) The Paris Economic Development Corporation shall be primarily responsible for the islration, review, and monitoring of tax abatement agreements authorized by the City these Guidelines. These responsibilities shall include verifying that participants in tax lent ab eements are in fu11 compliance with the terms of the agg-reement. 12 ) The Paris Econonuc Developn-ient Corporation sha11 expeditiously advise the City in writing f any instances of contract non-compliance by tax abatement participants. In addition, the Par' Economic Development Corporation shall, on an annual basis, conduct a performance review f the acti-vrities of each tax abatement participant and report the findino's of such review to the atv Council. ) The City shall retain the right to independently review and audit the activities of tax abatem nt participants. ) The City shall be responsible for enforcement of the terms of any tax abatement agree nt authorized hereunder. XVII. endments. These Guidelines are effective for a two (2) year period u~l 3e 4ae of th their a option, unless amended or repealed Uy the affirmative vote of three fo memb rs of the City Council. For a 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 Tax Abafiement for Real PropertY; Creation of Jobs For FGris Warehouse 107, Inc• (WePack) $ : 3,15f1,Qf>4.G0 _ 0 1 100% 80.0 % $ 3,150,000.00 0 $ $ 2,520,000.00 000.00 520 2 2 100% 80.0% $ 3,150,000.0 000.00 150 $ 3 $ , , 2,520,000.00 , , 3 100°/n 80-0% 4 80% 64.C)% $ 3,150,000.00 $ 2,016,OO0.00 5 60% 48.0% $ 3,150,Q00.0~ 0 $ $ 1,512,JOO,OQ 000.00 008 6 40% 32.0°a $ 3,150,Q00.0 000.00 150 $ 3 $ , , ~p4,000.00 , , 7 20% 16.0% : 0.0 % $ 3,150,000.00 $ " ' Starting the Sfh year the company wiil PaY 1o0% of their taxes. This schedule shows how the original abatement % is affected the company wiil for a receive specific year. (Example: During the first 3 years inal ahatement percentage. In year 4the company wiil 100% of the ori g receive 80% of the original abaternent percentage.) Ekhibit ,4 Tax Abafiemenfi for PErsana! PrQperty; CrEation af JobS Far Campbeil's Soup Company LLC Exhibit B ~ 'i7a7CiQ;QElft.~ , ..,6 1 1 ^1 QO°a 100.0% $ 17,700,000.00 $ 17,700,000.00 2 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 3 100% 100.0% $ 171700,000.00 $ 17,700,000.00 4 80% gp.0°/a $ 17,700,000.00 $ 14,160,000.00 5 60% 60.0% $ 17,700,060.OQ $ 10,620,000.00 6 40% 40.0°~0 $ 17,7Q0,000.00 $ 7,080,000.00 7 20% 20.006 ' $ 17,.700,101''Ci .00 $ 3,540,000.00 8* 0% 0.0°!0 $ 17,700,000.00 3 - ' Starting the 8th year the company wili pay 100°!0 of their taxes. This schedule shows how the originai abatement % is affected specific year. (Example: During the first 3 years the company W~~l for a re ve 100% of the original abatement percentage. In year 4the cornpany wll receive 80% of the original abatement percentage.) I_''ITIAL REPORTING REQIJZREII'IENTS The following information must be provided, in to the City of Paris, the County of Lam , and Paris Junior Colleae on company letterhead, sworn to and signed by a designated repres ntative of the company. Such letter must be received by the taxing entities within thirty (30) days o the date of completion of the improvements described in the Tax Abatement Agreement(s) but, uiideT 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) Detaifed description of IMPROVEMENTS; (c) Detailed description of any miscellaneous items of office equiprnent and the actual cost of such added office equipment; (d) Copy of or identification of plans and specifications of constructed irnprovements and the location of the saule for inspection by taxing entities' certification teams; (e) Detailed Iist 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. - EXHIBIT F AFFID 4ViT my dv hirees of I, the undersiped, duly authorized to ma.ke this Afiidavit on behalf of (Company), on my oath as an officer of said _(Company), hereby swear and affirm that the documents and information prepared under ction and attached hereto containing the nanles, dates of hire, and places of residences of the )f those employees filling the (number) new, permanent jobs created in nce with the tem-is of the Tax Abatement Agreement(s) with the City of Paris, the Couniy ar, and Paris Junior College dated , are, in all things, true and Witness my hand this day of Name: Title: STA E OF _ CO OF s ) ) ) BEFORE ME, the undersigned authority, on this day personally appeared , known to me to be the person whose name is subscribed to the foreg ing instrurnent and acknowledged to me that he/she executed the 'same for the purposes and consi eration therein expressed and in the capacity therein stated. GIVEN UNDER NIY IiAND AND SEAL C)F OFFICE, this day of _ t Notary Public, State of EXHIBIT F ~ O ~ ~ 1~1 O. }"o ~ ~ ~ ^ ~ ~ ~ ~ ~ L ~ Q ~ .y ...r w ~ ..r ~ ~ ~ ..N ~ 'J ~ ~I ~ ~ .~y ~ •iwl ~ 0 ~ •r V ~ V ~ ~ ~I ~ ~ ~ ~ ~ rl W~ •1'V ~ •'y ~ r-, s. ct ~ ~ ~ u c~ a> 4-o 0 ~ O ~ ~ ~ E-~ ~ O ~ ~ d ~ Q ~ c~ a ~ ~ ~ w ~ ~ ~ a ~ ~ ~ ~ a ~ y ~ ~ ~ ~ O a ~ CERTIFICATION I, the unde.rsigned, hereby certify that the (number) new, permanent jobs requir d by the Tax Abatement Aggeements with the City of Paris, County of Lamar, and Pans Juniar College are still in existence and filled by permanent employees. I Rlrther certify that (Company Name) is in compliance with each applic ble term of the aforementioned Tax Abatement Agreements. Witness my hand this day of Name: Title: STA QF ) ) CO TY OF BEF4RE ME, the undersigned authority, on this day personally appeared _ , known to me to be the person whose name is subscribed to the ing instrument and acknowledged to me that he/she executed the same for the purposes and eration therein expressed and in the capacity therein stated. GIVEN LTNDER 1bIY HAND AND SEAL OF OFFICE, this day of Notary Public, State of EXHIBIT F EXHIBIT "D" TO TAX ABATEMENT AGREEMENT (Follows this Page) INITIAL REPORTING REQUIREMENTS The followinj information must be provided, in writing, to the City of Paris, the County of Lam , and Paris Junior College on company letterhead, sworn to and signed by a designated repre entative of the company. Such letter must be received by the taxing entities within thirty (30) days f the date of completion of the improvements described in the Tax Abatement Agreement(s) but, nder no circumstances, shall the deadline for such report be extended to later than sixty (60) days fter 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 Properly 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 tean-is; (e) Detailed list of and actual cost of added machinery and equipment; ( fl Actual cost of capital IMPROVEMENTS; and, (g) Date of substantial completion of the IMPROVEMENTS as defined in paragraph 3.1 of the Agreement. AFFIDAVIT my ac 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 infomlation prepared under rection and attached hereto containing the names, dates of hire, and places of residences of the of those employees number) new, permanent jobs created in filling the ~ of iance with the terrns of the Tax Abatement Abreement(s) with the ~e, n all the thinbs, true County and r, and Paris Junior College dated Witness my hand this day of Naine: Title: ST TE OF TEXAS ) ) (~O TY 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 ng instrument and acknowledged to me that he/she executed the saine for the purposes and ;ration therein expressed and in the capacity therein stated.~ GIVEN LTNDER MY HAND AND SEAL OF OFFICE, this day of Notary Public, State of Texas ~ O ~ ~ z ~ H x 0 ~ ~ a ~ ~I ~ H z ~ ~ 0 ~ 0 ~ ~ ~ ~ E~ ~ 0 ~ ~ x w 0 ~ ~ ~ A ~ ~ . , . x ~ 0 ~ U ~ ~ ~ ~ ~ x ~ ~ ~ . ~ 0 ~ ~ y ~ r z ~ 0 y 0 ~ ~ ~ ~ Fi ~ 0 ti W 4I O ~ ~ c~ A ~ ~ F~ L7 z ~ H ~ o. a ~ ~ a. ~ U F~ ~ ~a O ~ .^r .r F~1 ~ i..i ~ Sr ~ U O ~ CS 4 CERTIFICATION requ Juni applic I, the undersigned, hereby certify that the (number) new, permanent jobs z~d by the Tax Abatement A~reements with the City of Paris, Counry of Lamar, and Paris College are still in existence and filled by pernlanent employees. I further certify that (Company Name) is in compliance with each able term of the aforementioned Tax Abatement Agreements. Witness my hand this day of Na.me: Title: STAJFE OF TEXAS 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 ng instrument and acknowledged to me that he/she executed the saine for the purposes and ;ration therein expressed and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day of , - Notary Public, State of Texas