20-ABATEMENT REQUEST CAMPBELL SOUP NEW SINGLE-SERVE JUICE LINEItem No. 20
memo�andum
TO: Mayor & City Council
John Godwin, City Manager
FROM: Steve Gilbert, Paris Economic Development Corporation
SUBJECT: ABATEMENT REQUEST
CAMPBELL SOUP NEW SINGLE-SERVE JUICE LINE
DATE: February 25, 2013
' Pro'ect Metrics Desc�i tion
New Jobs Fifty (50) new full-time employees
New Capital Investment Equipment $22,846,5 ll(15 vr. usefull,ife)
Real Estate 1,376,301 (40 Year UsefW Life)
Total $24,222,812
t3AC:KCiKU U N ll:
Campbell Soup will manufacture single-serve beverages in 5.5, 8.4, and 11.5-ounce aluminum
containers at their Paris Plant. The single-serve beverages will consist of red juices, Fusion,
potential for teas and potential for carbonated products.
Prn'ect Im rov�ment Descr� tiun
Engineering, Design & To prepare the site in the existing building where the new equipment will be located,
Construction including procurement of equipment, infrastructure and utilities modiiications and
electrical and inechanical installation.
Building Modifications Includes floar, wall, and ceiling finishes, as well as some structural changes to the
building, to:
• Segregate the single-serve production from remaining manufacturing spaces.
• Provide a sanitary environment for the single-serve products.
• Su ort s ecific ieces of �nanufacturin e ui ment.
Container Delivery Depalletizer far purchased aluminum containers and dedicated container lines by
diameter to fillin o eration.
Prep Operation Multiple ingredient handling systems and hold/pre-blend tanks, and independent
tomato aste standardization s stem.
Blendin O eration 1,000- allon blend tank, su orted b re-blend, hold and feed tanks.
Sterilization Process Shell-in-tube sterilizer and hot water sets, together with two plate and frame
sterilizers and hot water sets.
Filling Operation 103 Solburn waterfall filler and closer for 5.5 ounce and 8.4 ounce cans, and a 103
Solburn waterfall filler and closer for 1 1.5 ounce cans.
Coolin Process � Pasteurizer to rovide far future carbonated ca abilit .
Packa in O eration Pre- rinted shrink film multi- ackin e ui ment, a tra - acker and shrink tunnel; and
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a alletizer; and stretch wra er e ui ment.
I�centiv� Amount
New Jobs and Capital Investment $250,000
Workforce Training 250,000
Total $500,000
i ne raris �i�t_; t�oard has approved the tollowmg cash incentives for this project:
STATUS OF ISSUE:
The effective date of this abatement agreement will be the 25th day of February 2013. The tax
abatement will begin with the tax year commencing January 1, 2014, and expiring on December
31, 2020. The project complies with the abatement criteria, policies and procedures adopted by
all three local governing bodies (City, County and PJC).
BUDGET:
Campbell Soup will fund the capital improvements at a cost equal to or in excess of $24,222,812
including acquisition and installation of the building modifications, machinery and equipment,
and $2,000,000 in related expenses.
This is new capital investment and will not negatively impact existing property tax revenues.
Property tax revenue impact:
NLISD Taa�es Realized (Years 1-7)
Taxes Realized by Jurisdiction (Year 8)
City of Paris
Lamar County
PJC
NLISD
Total
$1,479,625
$ 73,648
59,372
26,909
159,547
$ 319,476
RECOMMENDATION:
The Paris Economic Development Corporation recommends approval of the abatement request
as follows:
7 Year, 100% Abatement Totaling $1,483,172
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RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS;
APPROVING AND AUTHORIZING A TAX ABATEMENT AGREEMENT WITH
CAMPBELL SOUP SUPPLY COMPANY LLC; MAKING OTHER FINDINGS AND
PROVISIONS RELATED TO THE SUBJECT; AND DECLARING AN EFFECTIVE
DATE.
WHEREAS, the City Council of the City of Paris 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 certain improvements, a copy of
which is attached hereto as Exhibit "A", and incorporated herein by reference hereinafter called
"Agreement"; and,
WHEREAS, a public hearing was held before the City Council on February 25, 2013, to
allow interested persons to comment on the proposed Tax Abatement Agreement; and,
WHEREAS, upon review and consideration of the Agreement, and all matters attendant
and related thereto, the City Council is of the opinion that the terms and conditions thereof
meet the Guidelines and Criteria for Tax Abatement and should be approved, and that the
Mayor should be authorized to execute it on behalf of the City of Paris, Texas.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, THAT:
Section 1. The findings set out in the preamble to this resolution are hereby in all
things approved.
Section 2. That the terms of the Tax Abatement Agreement attached hereto as
Exhibit "A" and the property the subject thereof ineet the City's Guidelines and Criteria for Tax
Abatement adopted by the City of Paris by Resolution No. 2012-072 passed on August 13, 2012.
Section 3. That the terms and conditions of the Tax Abatement Agreement between
the City and Campbell Soup Supply Company, LLC having been reviewed by the City Council of
the City of Paris and found to be acceptable and in the best interests of the City of Paris and its
citizens, be, and the same are hereby, in all things approved.
Section 4. That the Mayor is hereby authorized to execute the Agreement and all
other documents in connection therewith on behalf of the City of Paris substantially according
to the terms and conditions set forth in the Agreement attached hereto as Exhibit "A".
Section 5. That the planned use of the property the subject of the tax abatement will
not constitute a hazard to public safety, health, or morals.
Section 6. That this approval and execution of the Agreement on behalf of the City is
not conditioned upon approval and execution of any other tax abatement agreement by any
other taxing entity.
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DULY PASSED AND APPROVED this 25th day of February, 2013.
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
W. Kent McIlyar, City Attorney
A.J. Hashmi, M.D., Mayor
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THE STATE OF TEXAS )
)
COUNTY OF LAMAR )
TAX ABATEMENT AGREEMENT
This agreement is entered into by and between the CITY OF PARIS, PARIS, TEXAS,
a municipal corporation, situated in Lamar County, Texas, acting by and through its authorized
officer whose signature appears below (hereinafter called "CITY"), and CAMPBELL SOUP
SUPPLY COMPANY LLC, acting by and through its authorized officer whose signature
appears below (hereinafter referred to as "OWNER").
WITNESSETH:
WHEREAS, the City Council of the City of Paris did heretofore, on the 13th day of
August, 2012, in Resolution No. 2012-07, elect to be eligible to participate in tax abatement
agreements in order to maintain and enhance the commercial and industrial economic and
employment base of the Paris area for the long term interest and benefit of the City and its
citizens; and,
WHEREAS, under the Texas Enterprise Zone Act (Government Code Chapter 2303),
the designation of an area as an Enterprise Zone also constitutes designation of the area as a
reinvestment zone (the "Reinvestment Zone"); and pursuant to the 2010 Census, the
PROPERTY of the OWNER within City of Paris, Texas, is included within an ENTERPRISE
ZONE, as is shown in the print-out from the Office of the Governor of the State of Texas on its
website in Exhibit A, attached hereto and made a part hereof for all purposes; and
WHEREAS, the contemplated use of the IMPROVEMENTS, as hereinafter defined, in
the amount as set forth in this AGREEMENT upon and within the PROPERTY (herein called
the PROJECT), and the other terms hereof are consistent with encouraging development of said
Enterprise Zone in accordance with the purposes for which it was created and are in compliance
with the CITY's policy on tax abatement incentives and the ordinance creating such Enterprise
Zone adopted by the CITY and all applicable laws; and
WHEREAS, the City Council of the City of Paris did heretofore, on the 13th day of
August, 2012 in Resolution No. 2012-072, pass and adopt appropriate guidelines and criteria
governing tax abatement agreements to be entered into by the CITY as required by the Property
Redevelopment and Tax Abatement Act, as amended;
NOW, THEREFORE,
The Parties hereto do mutually contract and agree as follows:
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I.
Term
1.1 The effective date of this AGREEMENT is the 25th day of February, 2013, with
tax abatement beginning with the tax year commencing January 1, 2014, and expiring on
December 31, 2020.
II.
Area to be Improved
2.1 The PROJECT consists of new building modifications to the real property of the
OWNER, and the addition and installation of equipment and personal property described in
Article III, below, all to be performed by OWNER within an existing building of the OWNER at
the OWNER'S plant in Paris, Lamar County, Texas. Collectively, all such improvements which
are the subject hereof shall be called the "IMPROVEMENTS". The IMPROVEMENTS shall be
located upon and within the OWNER'S current facilities consisting of the OWNER'S land also
described in Exhibit A, attached hereto and made a part hereof for all purposes (as are all
Exhibits which are mentioned herein), and within the building at the location shown within the
drawings attached hereto as Exhibit B. The land and building are herein called the
"PROPERTY".
III.
Improvements
3.1 The installation of the IMPROVEMENTS will require engineering, design and
construction work to prepare the site within OWNER'S building where the new equipment will
be located, and the procurement of equipment, infrastructure and utilities modifications and
electrical and mechanical installation. The IMPROVEMENTS are being made to enable the
OWNER to manufacture single-serve beverages in aluminum containers at the PROPERTY.
The single-serve beverages will consist of red juices, Fusion, potential for teas and potential for
carbonated products. The aluminum container sizes to be manufactured will be 5.5 ounce, 8.4
ounce and 11.5 ounce. The IMPROVEMENTS are described as follows:
A. To the real property of OWNER, building modifications to support proper
operation and sanitation of the installed equipment. This includes utilities, floor,
wall, and ceiling finishes, as well as some structural improvements to the building
to support static, live and dynamic equipment loading.
B. Container Delivery, to consist of depalletizer for purchased aluminum containers
and dedicated container lines by diameter to filling operation.
C. Prep Operation, to consist of multiple ingredient handling systems and hold/pre-
blend tanks, and independent tomato paste standardization system.
D. Blending Operation, consisting of a single 1,000 gallon blend tank, supported by
pre-blend, hold and feed tanks.
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E. Sterilization Process, consisting of a plate and frame sterilizer and supporting hot
water set.
F. Filling Operation, consisting of a 103 Solburn waterfall filler and closer for 5.5
ounce and 8.4 ounce cans, and a 103 Solburn waterfall filler and closer for 11.5
ounce cans.
G. Cooling Process, consisting of a pasteurizer to provide for future carbonated
capability.
H. Packaging Operation, consisting of pre-printed shrink film multi-packing
equipment, a tray-packer and shrink tunnel; and a palletizer; and stretch wrapper
equipment.
All such IMPROVEMENTS will be described in the CITY'S Certificate of Completion prepared
after the completion and installation of the above described building modifications and
improvements, personal property, machinery and equipment. The description shall be furnished
by OWNER to CITY in OWNER'S sworn report described in Section 1 l.l, below and attached
to CITY'S Certificate of Completion. The description shall also be filed with the Chief Appraiser
of the Lamar County Appraisal District. Said Certificate shall be duly executed by the Mayor of
the City of Paris in the form attached hereto as Exhibit C. The IMPROVEMENTS will be at a
cost equal to or in excess of $24,000,000.00 for the capital cost and installation of the building
modifications, machinery and equipment, and $2,500,000.00 in expense. Site preparation shall
occur during February and March, in 2013; installation shall commence in May, 2013; and
production is expected to commence in October or November, 2013; provided, that OWNER
shall have such additional time to complete the IMPROVEMENTS as may be required in the
event of "force majeure" if OWNER is diligently and faithfully pursuing completion of the
installation of the IMPROVEMENTS. For this purpose, "force majeure" shall mean any
contingency or cause beyond the reasonable control of OWNER including, without limitation,
acts of God, or the public enemy, any natural disaster, war, riot, civil commotion, insurrection,
governmental or de facto governmental action, unless caused by acts or omissions of OWNER,
fires, explosions, accidents, floods, and labor disputes or strikes. The date of completion of the
IMPROVEMENTS shall be reflected in the Certificate of Completion issued by the City of
Paris, Texas, referred to above.
IV.
Consideration
(Improvements)
4.1 The OWNER agrees and covenants that it will diligently and faithfully, in a good
and workmanlike manner, pursue the completion of the IMPROVEMENTS. As a good and
valuable consideration for this AGREEMENT, OWNER further covenants and agrees that all
construction of the IMPROVEMENTS will be in accordance with all applicable state and local
laws, codes and regulations or will procure a valid waiver thereof. In further consideration,
OWNER shall thereafter, from the date a Certificate of Completion is issued, or that the
IMPROVEMENTS are completed as agreed, until the expiration of this AGREEMENT,
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continuously operate and maintain the PROPERTY, including the specific units of new
machinery and equipment as identified herein, as a food production plant.
V.
Consideration
(Jobs)
5.1 OWNER agrees that it will employ fifty (50) full-time employees to operate the
new line of business described above to be conducted at the PROPERTY, provided, however,
that this number of employees may vary one way or another by a few employees as this
PROJECT nears the commencement of its operation.
5.2 OWNER agrees to retain sufficient employment levels to efficiently operate
and support its plant operations during the term of this Tax Abatement Agreement.
VI.
Default
6.1 In the event that (a) the IMPROVEMENTS for which an abatement has been
granted are not completed in accordance with this AGREEMENT or the expenditure for the
IMPROVEMENTS does not meet the amount required herein; or (b) OWNER allows its ad
valorem taxes owed the CITY to become delinquent and fails to timely and properly follow the
legal procedures for protest or contest of any such ad valorem taxes; or (c) OWNER materially
breaches any of the other terms and conditions of this AGREEMENT, then this
AGREEMENT shall be in default. In the event the OWNER defaults in its performance of
either (a), (b) or (c) above, then the CITY 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 terminated by the CITY. Notice shall be in
accordance with paragraph 13.3. As liquidated damages in the event of default, and in
accordance with the requirements of Section 312.205 (a)(4) of the Property Tax Code of the
State of Texas, all taxes which otherwise would have been paid to the CITY without the
benefit of abatement, together with interest to be charged at the statutory rate for delinquent
taxes as determined by Section 33.01 of the Property Tax Code of the State of Texas, with all
penalties permitted by the Property Redevelopment and Tax Abatement Act and the Property
Tax Code of the State of Texas, shall be recaptured and will become a debt to the CITY and
shall be due, owing, and paid to the CITY within sixty (60) days of the expiration of the
above-mentioned applicable cure period as the sole remedy of the CITY, subject to any and all
lawful offsets, settlements, deductions, or credits to which OWNER may be entitled. The
parties acknowledge that actual damages in the event of default and termination would be
speculative and difficult to determine.
VII.
Real and Personal Property Tax Abatement
7.1 Subject to the terms and conditions of this AGREEMENT, and subject to the
rights and holders of any outstanding bonds of the CITY, a portion of the ad valorem property
taxes assessed upon the IMPROVEMENTS and otherwise owed to the CITY shall be abated
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as is estimated in the Property Tax Abatement Schedule attached hereto as Exhibit D. Said
abatement shall be an amount equal to one hundred percent (100%) of the taxes assessed upon
the completed value of the IMPROVEMENTS on January 1, of the year in which this tax
abatement commences (i.e. January 1, 2014), with this tax abatement continuing at the
percenta�e rate shown in the attached Property Tax Abatement Schedule attached hereto, for
each year during the seven (7) year term of this AGREEMENT. This tax abatement shall be
implemented and enforced in accordance with all applicable state and local regulations or valid
waiver thereof; provided that the OWNER shall have the right to protest or contest any
assessment of the PROPERTY, and said abatement shall be applied to the amount of taxes
finally determined to be due as a result of any such protest or contest. For the purposes of this
AGREEMENT, the initial value of the existing property of the OWNER that is not subject to
tax abatement AND WHICH DOES NOT INCLUDE THE IMPROVEMENTS (as defined
herein) shall be deemed to be the values as shown on the tax rolls of the Lamar County
Appraisal District as of January 1, 2013, for Land, Buildings and tangible Personal Property,
which values are not known as of the execution date of this Agreement, but shall include the
same tax accounts held by OWNER with Lamar County Appraisal District as of January 1,
2012. This current abatement, which is the subject of this AGREEMENT, shall extend for a
period of seven (7) years beginning January 1, 2014.
7.2 The abatement granted herein shall be subject to and governed by the POLICY
STATEMENT CRITERIA AND GUIDELINES for TAX ABATEMENT, a copy of which is
attached hereto as Exhibit E. OWNER shall comply with the requirements of Exhibit E in the
performance of this AGREEMENT, save and except that, in the event of a conflict between
the requirements of Exhibit E and this AGREEMENT, this AGREEMENT shall control.
VIII.
No Conflict of Interest
8.1 The OWNER represents and warrants that neither the PROPERTY nor the
IMPROVEMENTS include any real or personal property that is owned or leased by a member
of the Planning and Zoning Commission of the City of Paris, nor by a member of the City
Council approving, or having responsibility for the approval of, this AGREEMENT.
IX.
Conditions
9.1 The terms and conditions of this AGREEMENT are binding upon the parties
hereto and their successors and assigns.
9.2 It is understood and agreed between the parties that the OWNER, in performing
its obligations hereunder, is acting independently, and the CITY assumes no responsibility or
liability in connection therewith to third parties; and OWNER agrees to indemnify and hold
harmless the CITY therefrom. It is further understood and agreed among the parties that the
CITY, in performing its obligations hereunder, is acting independently, and the OWNER
assumes no responsibility or liability in connection therewith to third parties and, to the extent
permissible by law, the CITY agrees to indemnify and hold harmless the OWNER therefrom.
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X.
Compliance Provisions
10.1 The OWNER agrees that the CITY, its agents and employees, shall have the
reasonable right of access to records concerning the OWNER'S investment in the
IMPROVEMENTS for the purpose of conducting an audit of the project improvements and
project costs. Any such audit shall be made only after giving the OWNER notice at least
fourteen (14) days in advance and will be conducted in such a manner as to not unreasonably
interfere with the operation of the facility. Upon request, the OWNER will provide the CITY
with a detailed Asset Report with an itemized list of assets placed into service from the date of
execution of this AGREEMENT to December 31, 2014. The Asset Report will provide the
date on which the asset was capitalized, the acquisition amount, and the accumulated
depreciation amount. At the CITY'S request, the OWNER will provide actual invoices to
support the amounts shown on the Asset Report.
10.2 The OWNER further agrees that the CITY, its agents and employees, shall have
reasonable right of access to the PROPERTY to inspect the IMPROVEMENTS in order to
insure that the construction of the IMPROVEMENTS are in accordance with this
AGREEMENT and all applicable state and local laws and regulations or valid waiver thereof.
After completion of the IMPROVEMENTS, the CITY shall have the continuing right to
inspect the PROPERTY to insure that it is thereafter maintained and operated in accordance
with this AGREEMENT during the term of the AGREEMENT. All inspections will be 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
facility. Representatives of the CITY inspecting the PROPERTY and improvements shall be
accompanied by one (1) or more representatives of the OWNER and shall sign an agreement
promising to maintain the confidentiality of any information they obtain in connection
therewith except for the purposes of assessing and collecting ad valorem taxes and verifying or
enforcing compliance with this AGREEMENT. Said representative shall also be required to
observe any facility rule and regulation applicable to the PROPERTY. Nothing herein shall be
construed as limiting the CITY'S ability to perform inspections or to enter the PROPERTY
which is the subject of this AGREEMENT.
XI.
Initial and Annual Reporting
11.1 The OWNER further agrees that it will, within thirty (30) days of completion
of the IMPROVEMENTS, provide the CITY with a sworn report, written on OWNER'S
letterhead and signed by a designated representative of OWNER, which contains the following
information:
(a) A copy of the printout from the Lamax County Appraisal District showing
the market value of the PROPERTY prior to the construction of the
IMPROVEMENTS;
(b) Detailed description of the IMPROVEMENTS;
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(c) A detailed description of any miscellaneous items of office equipment and
the actual cost of such added office equipment;
(d) A copy of or
improvements and
certification team;
identification of plans and specifications of constructed
the location of the same for inspection by CITY'S
(e) A detailed list of and the actual cost of added machinery and equipment;
(� The actual cost of capital IMPROVEMENTS; and,
(g) The 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
report which shall certify, in writing, that it is in compliance with each applicable term of this
AGREEMENT. Such annual report shall be furnished on the forms provided by the City.
11.3 In addition to the annual report required under Section 11.2 hereof, the
OWNER further agrees that it will provide CITY a copy of its Texas Workforce Commission
Employer's Quarterly Report within thirty (30) days of its fling of the same with the Texas
Workforce Commission.
XII.
Authority to Contract
12.1. This AGREEMENT was authorized by resolution of the City Council at its
regularly scheduled meeting on the 25th day of February, 2013, authorizing the Mayor to
execute the AGREEMENT on behalf of the CITY.
12.2 This AGREEMENT was entered into by CAMPBELL SOUP SUPPLY
COMPANY LLC (PARIS PLANT) pursuant to the authority granted to the authorized official
whose signature appears below.
12.3. This AGREEMENT shall constitute a valid and binding AGREEMENT
between the CITY and OWNER when executed in accordance herewith, regardless of whether
any other taxing unit executes a similar agreement for tax abatement.
XIII.
Legal
13.1 No officer, official or agent of the CITY has the power to amend, modify or alter
this AGREEMENT or waive any of its conditions or to bind the CITY by making any promise
or representation not contained herein.
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13.2 This AGREEMENT, except by operation of law, shall not be assigned or
transferred by OWNER, without the prior written consent of CITY, which consent shall be at
the sole discretion of the CITY.
13.3 Any written notice required or permitted under the terms of this AGREEMENT
shall be given and be deemed to have been duly served if either (1) delivered in person, or (2)
deposited certified mail, return receipt requested, postage prepaid in the United States mail,
addressed to the designated representative of the respective parties which are designated as
follows:
OWNER:
CAMPBELL SOUP SUPPLY COMPANY LLC
Attn: Richard J. Landers, V. P.-Taxes
590 NW Loop 286
Paris, TX 75461-9016
With a copv to•
Michael Caruso, Esq.
Campbell Place
Camden, NJ 08101
CITY:
CITY OF PARIS, TEXAS
Attn: City Manager
P. O. Box 9037
Paris, TX 75461-9037
With a copv to:
City Clerk, City of Paris, Texas (address same as above)
13.4 If any term or provision of this AGREEMENT shall be declared unconstitutional or
void by any court of competent jurisdiction, the constitutionality and validity of the remainder
of said AGREEMENT shall not be affected thereby, and to this end the terms and provisions
of this AGREEMENT are declared to be severable.
13.5 This AGREEMENT sets forth the entire understanding between the parties, and any
other understandings or agreements shall be canceled and superseded by this AGREEMENT
upon the date of execution hereof. None of the terms of this AGREEMENT shall be waived,
discharged, altered or modified in any respect, except by an Agreement in writing signed by
both parties and specifically referring to this AGREEMENT. The captions in this
AGREEMENT are included for convenience only and shall not be taken into consideration in
any construction or interpretation of this AGREEMENT or any of its provisions. This
AGREEMENT is performable in Lamar County, Texas, and shall be governed by, construed
and enforced in accordance with the laws of the State of Texas. The provisions of this
AGREEMENT shall apply to, bind and inure to the benefit of the CITY, OWNER, and their
respective successors, and permitted assigns, if any.
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13.6 Venue for any actions arising under this AGREEMENT shall lie exclusively in the
courts of Lamar County, Texas, for any State Court action, and in the U.S. District Court for
the Eastern District of Texas for any federal court action.
WITNESS our hands this 25�" day of February, 2013.
THE CITY OF PARIS, TEXAS
t
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
W. Kent McIlyar, City Attorney
A. J. Hashmi, M. D., Mayor
CAMPBELL SOUP SUPPLY COMPANY LLC
:
ATTEST:
Secretary
Richard J. Landers, Vice President —
Tax & Real Estate
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CERTIFICATE OF COMPLETION
STATE OF TEXAS
COUNTY OF LAMAR
CITY OF PARIS
The City of� Paris, Te�:as, has executed and delivered a Tax Abatement Agreement {the
"Agreement") dated February 25, 2013, with CAMPBELL SOUP SUPPLY CUMPANY LLC, a
Iimited liability company {the "Company"), for certain improvements and other equipment (the
"Improvements"} to be installed at the Company's plant located in Paris, Lamar County, Texas,
as described in the Agreement, which plant is located within an ENTERl'RISE ZONE
established by the United States Census in 20I0.
The Company l�as coinplied with all of the terms of the Agreement, and the City of Paris
herein verifies #hat the Improvements agreed to be built, instaIled and used have in fact been
completed as provided for in the Agreement.
NOW THEREFORE, tl�e City of Paris authorizes that the Property of the Company, as
described in the Agreement and in Exhibits A and B attached to the AgreemenL, shall receive a
tax abatement of 100% of tl�e taxes assessed upon the increased value of the Improvemeilts so
installed, over the value in which the property was last determined as of January I, 2013, for a
divation of seven (7) years, with the taa� abatement for the Improvements beginxiing January 1,
2014.
APPROVED this day of , 20
Mayor
ATTEST:
Janice Ellis, City Clerk
APPROVED AS TO FORM:
Kent McIlyar, City Attorney
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