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A. Applicant shall work with City Staff to identify eligible tax foreclosure City Trustee <br />or other parcels within the defined geographic area. City Staff will provide a list <br />and corresponding map from which tax foreclosure City receivership parcels may <br />be reviewed. The Applicant may submit an application for this program at the same <br />time with an application for a building permit(s). If the <br />Applicant for the building permit is not the owner of the real estate and does not <br />make application for an agreement on behalf of the owner, the City Staff shall notify <br />the owner (according to the most current records of the Lamar County Appraisal <br />District records) by certified mail, return receipt requested, that the application must <br />be signed and filed with the City within ten (10) business days of receipt of the <br />affidavit of ownership notice. <br />B. A pre -approval letter must be attached to the application from Applicant's financial <br />institution stating that the Applicant will have financial capital available to <br />complete all new dwelling unit construction under the five (5) year Agreement with <br />the City. Verification of such financial capability may be reviewed over the course <br />of the Agreement. <br />C. If the building permit applicant does not to apply for an Agreement prior to the time <br />that the building permit is issued, or if the owner fails to respond to the written <br />notice of availability for the agreement, this policy shall be considered waived by <br />the applicant and/or owner. City staff shall make a record to reflect owner's election <br />not to participate in the program or to document that owner did not respond to City's <br />notice of opportunity to participate in the program. The refusal or waiver to <br />participate in the program by the building permit applicant or owner shall be <br />binding on subsequent owners of the real property. <br />D. A complete legal description shall be provided with a copy of the current deed of <br />the land, unless the parcel(s) are being transferred by deed without warranty by the <br />City of Paris. <br />E. Applicant shall complete all forms and information detailed above and submit all <br />forms to the City of Paris Director of Planning and Community Development. <br />2. All information in the application package detailed above will be reviewed for <br />completeness and accuracy. Additional information may be requested as needed. If <br />necessary, applicant will meet with City staff to discuss details of the application and to <br />prepare presentation of the application to the City Council. <br />3. The application shall designate whether the dwelling(s) to be constructed are to be retained <br />for ownership, or sold to another owner upon completion of construction. The applicant <br />shall also provide an estimate of the value of improvements as required for building permit <br />application. <br />Page 5 of 7 <br />