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i. Estimated value of new structure or residential improvements to be constructed. <br />2. Total amount of value to be abated depending on the terms of the Agreement. <br />3. Effective date and the termination date of abatement. <br />4. Description of the Residential improvements, schedule of completion., property description, all <br />required City approval requirements and a platted lot site plan or sketch of the parcel(s) to be platted <br />and developed. available for inspection by <br />5. Applicant agrees to make the new structure or residential improvements <br />City of Paris, or its authorized representatives, and Lamar Counter Appraisal District (LCAD) during <br />construction and upon completion of the project. <br />6. Contractual obligations in the event of default, violation of terms or conditions, delinquent taxes, <br />recapture and administration. <br />7. A signed and notarized statement as an attachment to the application agreeing to construct the new <br />dwelling units on one (1) or more parcels within five (5) years from the date of City Council approval <br />of an Ag reern ent, unless extended by the City Council, or consenting to allow the City to a utom atl Ca I ly <br />take back the parcel(s) under the initial terms of an approved agreement. <br />Page 6 of 7 <br />