08-26-2024 Agenda Packet - Laserfiche WebLink

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PL -INFO -0007 (rev 08/24) As a further claw back provision, and in accordance with Texas Tax Code Sec. 312.205, the Agreement shall provide for recapturing property tax revenue lost as a result of the agreement if the owner of the property fails to make all the Residential Improvements as provided in the Agreement regardless of how many dwelling units applicant builds. Compliance with all other City Requirements - The Applicant shall be fully responsible for compliance with all zoning, subdivision platting, and building code requirements as may specifically pertain to the subject parcel(s) under the approved Agreement. The applicant shall be fully responsible for all such costs which may include, but not be limited to: Zoning Changes, Special Use Permits, Variances, Platting and Surveying Costs, Plan Preparation, and Building Permit Fees. V. APPLICATION PROCEDURES Applications for an Agreement with the City shall be reviewed for completeness. Incomplete Ate ligations shall not be )rocessed. City Staff shall determine whether the application satisfies guidelines and criteria, and Staff may request additional information or documents from Applicant. City Staff will make final recommendations on each application to the City Council. Any Applicant desiring approval of an Agreement shall comply with the following procedural guidelines. All applications shall be evaluated on their own merits within the parameters of these Guidelines and Criteria. 1. Preliminary Application Steps X Applicant shall work with City Staff to identify eligible tax fWeelesWe City Trustee or other parcels within the defined geographic area. City Staff will provide a list and corresponding map from which tax fWeeleswFe City ;yip Trustee parcels may be reviewed. The fer a building permit(s). it the A I• Rt f9F the buildiR w,i+ ie R9*_ the e f the re -al estate and deeS Ret make applieation fOF aA agFeement eR behalf E)f the ewneF, the FAus+ be signed .d filed with the Gity within ten (19) b SiRess .days Of .eceipt of+he affidavit B. A notarized pre -approval letter must be attached to the application from Applicant's financial institution stating that the Applicant will have financial capital available to complete all new dwelling unit construction under the five (5) year Agreement with the City. Verification of such financial capability ffW will be reviewed over the course of the Agreement. r i 9F GWRer Shall be h' .d•o 9 subsequent ewneFS of the •+I r .. eFt D. A complete legal description shall be provided with a copy of the current deed of the land, unless the parcel(s) are being transferred by deed without warranty by the City of Paris. Page 5 of 6