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r i� <br />V. APPLICATION PROCEDURES <br />PL -INFO -0007 (rev 05/12/25) <br />Applications for an Agreement with the City shall be reviewed for completeness. Incomplete Applications <br />shall not be processed. City Staff shall determine whether the application satisfies guidelines and criteria, <br />and Staff may request additional information or documents from Applicant. City Staff will make final <br />recommendations on each application to the City Council. Any Applicant desiring approval of an <br />Agreement shall comply with the following procedural guidelines. All applications shall be evaluated on <br />their own merits within the parameters of these Guidelines and Criteria. <br />1. Preliminary Application Steps <br />A. Applicant shall work with City Staff to identify eligible City Trustee or other parcels within the <br />defined geographic area. City Staff will provide a list and corresponding map from which City <br />Trustee parcels may be reviewed. <br />B. For applications seeking the conveyance of one or more low-cost Trustee parcels, the <br />Applicant shall attach a notarized/verified pre -approval letter or other notarized verification <br />from Applicant's financial institution stating that the Applicant will have financial capital <br />available to complete all new dwelling unit construction under the Agreement with the City. <br />Such verification of financial capability shall be on the letterhead of the financial institution <br />and will be reviewed over the course of the Agreement. Applications subject to this subsection <br />B submitted while the Applicant already has an Active Agreement in place, regardless of <br />whether the Active Agreement involves the conveyance of low-cost Trustee properties, shall <br />include verification that Applicant has the financial ability to complete the construction <br />required under both the Active Agreement and the proposed new Agreement. <br />C. A complete legal description shall be provided with a copy of the current deed of the land, <br />unless the parcel(s) are being transferred by deed without warranty by the City of Paris. <br />D. Applicant shall complete all forms and information detailed above and submit all forms to the <br />City of Paris Director of Planning and Community Development. <br />2. All information in the application package detailed above will be reviewed for completeness and <br />accuracy. Additional information may be requested as needed. If necessary, applicant will meet with <br />City staff to discuss details of the application and to prepare presentation of the application to the <br />City Council. <br />3. The application shall designate whether the dwelling(s) to be constructed are to be retained for <br />ownership or sold to another owner upon completion of construction. The applicant shall also provide <br />an estimate of the value of improvements.. <br />4. If an application for the 5 In 5 Housing Infill Development Agreement is to be recommended for <br />approval by staff, then an Agreement as defined herein with the City of Paris will be prepared by the <br />City Attorney for approval by the City Council. <br />5. If the Applicant's property is not found to be eligible, the application will be rejected. <br />6. The City Council reserves the right to amend these policies and guidelines as needed. <br />Page 6 of 7 <br />1 fI% /iii/ ///// / //i'/ %///` ////;/ / / '%/ ,, %/i%%/% ///%%/////e,/!///oil /'/„/iir /r////ii/%//////% <br />/ �,,,, v , , „, „��,,,, <br />