My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
11 - Economic Development & Residential Tax Abatement Agreement with Invest Fannin, LLC - 5 In 5 Program
City-of-Paris
>
City Council
>
Agenda Packets
>
2024
>
02 - FEBRUARY
>
02-12-2024
>
11 - Economic Development & Residential Tax Abatement Agreement with Invest Fannin, LLC - 5 In 5 Program
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/8/2024 12:58:52 PM
Creation date
2/8/2024 12:54:26 PM
Metadata
Fields
Template:
AGENDA
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
47
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Council or the Planning and Zoning Commission or any member thereof having responsibility <br />for approval of this Agreement. <br />B. Conditions. <br />6.2 The terms and conditions of this Agreement are binding upon the parties hereto <br />and their successors and assigns. <br />6.3 It is understood and agreed between the parties that the Owner, in performing its <br />obligations hereunder, is acting independently, and the City assumes no responsibility or liability <br />in connection therewith to third parties; and Owner agrees to release, indemnify and hold the <br />City its elected officials, officers, employees and attorneys harmless from any claims, <br />lawsuits, damages, costs or attorney's fees related to this Agreement. It is further understood <br />and agreed among the parties that the City, in performing its obligations hereunder, is acting <br />independently, and the Owner assumes no responsibility or liability in connection therewith to <br />third parties. <br />C. Compliance Provisions <br />6.4 The Owner agrees that the City, its agents and employees, shall have reasonable <br />right of access to any and all records concerning Owner's investment in the Improvements for <br />the purpose of conducting an audit of the Improvements. Any such audit shall be made only <br />after giving the Owner notice at least fourteen (14) days in advance and will be conducted in <br />such a manner as to not unreasonably interfere with Owner's property. Upon request, the Owner <br />will provide the City with a detailed list of all Improvements, including a list of materials used <br />and cost thereof. <br />6.5 The Owner further agrees that the City, its agents and employees, shall have <br />reasonable right of access to the Property to inspect the Improvements in order to insure that the <br />construction of the Improvements are in accordance with this Agreement and all applicable state <br />and local laws and regulations or valid waiver thereof. After completion of the Improvements, <br />the City shall have the right to enter the Property and conduct an inspection of the completed <br />Improvements. <br />D. Initial and Annual Reporting. <br />6.6 The Owner further agrees that it will, within thirty (30) days of completion of each <br />dwelling unit as it issued a Certificate of Completion by the City, provide the CITY with a sworn <br />report, written on Owner's letterhead and signed by a designated representative of Owner, which <br />contains the following information: <br />(a) A copy of the printout from the Lamar County Appraisal District showing the <br />market value of the Property prior to the construction of the Improvements; <br />(b) Detailed description of the Improvements; <br />(c) A copy of or identification of plans and specifications of constructed <br />6 <br />
The URL can be used to link to this page
Your browser does not support the video tag.