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VI. LEGAL DOCUMENTATION PREPARATION
<br />PL -INFO -0007 (rev 05/12/25)
<br />The Director of Planning and Community Development and the City Attorney will be responsible for
<br />drafting the required Agreement in accordance with state law and this Policy.
<br />The legal document will include the following:
<br />1. 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.
<br />5. Applicant agrees to make the new structure or residential improvements available for inspection by
<br />City of Paris, or its authorized representatives, and Lamar County 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 />five (5) dwelling units on one (1) or -more parcels within five (5) years from the date of City Council
<br />approval of an Agreement, unless extended by the City Council, or consenting to allow the City to
<br />automatically take back the parcels) under the initial terms of an approved agreement.
<br />Page 7 of 7
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