Laserfiche WebLink
remodeling of a single-family residential structure in an amount that would make the <br />owner eligible for residential tax abatement,, then staff will provide applicant with a form <br />application for residential tax abatement. If the applicant for the building permit is not the <br />owner of the real estate and does not make application for residential tax abatement on <br />behalf of the owner, the city staff shall notify the owner (according to Lamar County <br />Appraisal District records) by certified mail, return receipt requested, that residential tax <br />abatement must be filed with the City within ten (10) business days of receipt of the <br />notice. <br />B. If applicant chooses not to apply for residential tax abatement at the time that the building <br />permit is issued, or if the owner fails to respond to the written notice of availability for <br />residential tax abatement, the opportunity for residential tax abatement is waived. City <br />staff shall make a record to reflect owner's election not to participate in the program or to <br />document that owner did not respond to City's notice of opportunity to participate in the <br />residential tax abatement program. The refusal or waiver to participate in residential tax <br />abatement by the owner or applicant shall be binding on subsequent owners of the real <br />property. <br />C. A complete legal description shall be provided. <br />D. Applicant shall complete all forms and information detailed above and submit all forms <br />to the City of Paris Building Official. <br />2. All information in the application package detailed above will be reviewed for completeness and <br />accuracy. Additional information may be requested as needed. If necessary, applicant will meet <br />with City staff to discuss details of the application and to prepare presentation of the application <br />to the City Council. <br />3. The application shall designate whether the structure is new or an existing structure and provide <br />an estimate of the value of improvements. <br />4. If Application for residential tax abatement is approved- by staff, Applicant must enter into a tax <br />abatement agreement with the City of Paris and as prepared by the City Attorney,, <br />5,9 If the Applicant's property is not located within a designated reinvestment zone the application <br />will be rejected and returned to Applicant. <br />6. The City Council reserves the right to amend the boundaries of a reinvestment zone or to <br />designate new reinvestment zones. <br />7. The City Council reserves the right to amend these policies and guidelines as needed. <br />VL LEGAL DOCUMENTATION PREPARATION <br />The City Attorney will be responsible for drafting the Residential Tax Abatement Agreement in <br />accordance with state law and these Guidelines and Criteria. <br />The legal document will include the following: <br />Page 3 of 5 <br />