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V. APPLICATION PROCEDURES I Applications for an Agreement with the City shall be reviewed for completeness. Incomplete Applications shall not be processed. 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 A. Applicant shall work with City Staff to identify eligible City Trustee or other parcels within the defined geographic area. City Staff will provide a list and corresponding map from which City Trustee parcels may be reviewed. B. For applications seeking the conveyance of one or more low-cost Trustee parcels, the Applicant shall attach a notarized/verified pre -approval letter or other notarized verification from Applicant's financial institution stating that the Applicant will have financial capital available to complete all new dwelling unit construction under the Agreement with the City. Such verification of financial capability shall be on the letterhead of the financial institution and will be reviewed over the course of the Agreement. Applications subject to this subsection B submitted while the Applicant already has an Active Agreement in place, regardless of whether the Active Agreement involves the conveyance of low-cost Trustee properties, shall include verification that Applicant has the financial ability to complete the construction required under both the Active Agreement and the proposed new Agreement. C. 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. D. Applicant shall complete all forms and information detailed above and submit all forms to the City of Paris Director of Planning and Community Development. 2. All information in the application package detailed above will be reviewed for completeness and accuracy. Additional information may be requested as needed. If necessary, applicant will meet with City staff to discuss details of the application and to prepare presentation of the application to the City Council. 3. The application shall designate whether the dwelling(s) to be constructed are to be retained for ownership or sold to another owner upon completion of construction. The applicant shall also provide an estimate of the value of improvements.. 4. If an application for the 5 In 5 Housing Infill Development Agreement is to be recommended for approval by staff, then an Agreement as defined herein with the City of Paris will be prepared by the City Attorney for approval by the City Council. 5. If the Applicant's property is not found to be eligible, the application will be rejected. 6. The City Council reserves the right to amend these policies and guidelines as needed. Page 6 of 7 -;oro �r "":rt r ,r,, r�... ..' s .../. 4 , r. r. , i /%i „ i �ii9� r 122A 1011115011111111201 ,/% �,�J,�2,.../1 by/r/g r l rr uv , ., ! ;,;;1/f,)"/.. / ' %!1 yJlr r!/. /�l i�1ll INOR . r( � �n), �, 1 Ta 1 / �/ 1 ' r / % J/ 1� // ',,,</�, :/ 'A Oji or,