Laserfiche WebLink
Improvements referenced herein in a good and workmanlike manner within 12 months of <br /> obtaining building permits from City for each structure. Owner further covenants and agrees that <br /> construction of the Improvements will be in accordance with all applicable state and local laws, <br /> codes and regulations or Owner will procure a valid waiver or variance thereof. <br /> 2.6 Owner shall contact City Building Official for final inspection once <br /> Improvements are completed and obtain a Certificate of Completion for the new residential <br /> dwellings as completed. <br /> 2.7 Owner shall notify the Lamar County Appraisal District upon completion of <br /> Improvements and request an updated appraisal of the Improvements. <br /> 2.8 Owner shall provide City with appraised value of Improvements upon receipt of <br /> same from Lamar County Appraisal District. <br /> 2.9 Owner may not use the parcels described in Section 1.1 for any other purpose <br /> other than to construct the Improvements set forth in this Article. Use of any parcel for any other <br /> purpose shall constitute a separate act of default of the Agreement and will trigger the default <br /> provisions and remedies set forth hereunder. <br /> III. <br /> Terms Specific to the Economic Development Agreement— <br /> Texas Local Government Code Chapter 380 <br /> A. Term <br /> 3.1 The term of this Economic Development Agreement shall commence on June 27, <br /> 2022 and shall continue for a period of five(5) years ending on June 26, 2027. <br /> B. Reduced Fees for Building Plan Review and Permitting <br /> 3.2 In consideration for Owner's construction and completion of the above-referenced <br /> Improvements, City agrees to reduce rates for building plan review by one hundred percent <br /> (100%) and permit fees by seventy-five percent (75%) for each dwelling unit constructed <br /> pursuant to this Agreement. <br /> C. Reduced Fees for Water and Sewer Tap Labor <br /> 33 In further consideration for Owner's construction and completion of the above- <br /> referenced Improvements, City agrees to reduce rates for water and sewer tap labor fees by <br /> seventy-five percent(75%)where required b}'the City's Public Works Department. <br /> D. Local Purchasing <br /> 3.4 As further consideration for the incentives granted herein, where possible, Owner <br /> shall purchase building materials and fixtures from vendors located within the City of Paris. <br /> 3 <br />