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3.4 Owner shall obtain Cityapproval for all necessary plattingi required) l ns, <br />building i, green tags and a Certificatef Completion from it ri . <br />3.5 Owner shall allow cityinspectors ss to the Properties r t <br />-throughout tr ti ti Improvements. <br />3.7 Owner shall contact City BuildingOfficial r -final inspectionImprovements <br />are completedobtain i t Completion r the new residenbal dwellings <br />completed. <br />3.8 Owner shall notify the Lamar County AppraisalDistrict upon completion <br />Improvements request an updatedr i l of the Improvements. <br />3.9 Owner shall provideit itappraised lr t upon receipt of <br />same from Lamar CountyAppraisal District. <br />3.10 Owner may not use the parceldescribed in Section .1 for any other purpose other <br />than tconstructt. Improvements t forth in this Article. Use of any parcel for any other <br />purpose shall constitute a separatet of default of the Agreement and will trigger the default <br />provisions n remedies t forth hereunder. <br />Terms Specific to the Economic Development Agreement— <br />Texas Local Government Code Chapter 380 <br />A. Term <br />4.1 The term of this Economic Development Agreement shall commence on February <br />26, 2024 and shall continue for a period of five (5) years ending on February 25, 2029. <br />B. Reduced Fees for Building Plan Review and Permitting <br />4.5 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 fifty percent (50%) for the Structure constructed pursuant to this <br />Agreement. <br />3 <br />