Laserfiche WebLink
PL -INFO -0007 (rev 05/12/25) <br />IV- Incentives -The incentives set forth above are -available as follows: <br />incentive Table <br />[Incentives -Single-FamilyY^ <br />-I[7uplex ;Multi -Family <br />.... ry _ ,. <br />Low -Cost �% I <br />Residential Lots <br />iax Abatement =V5 -year at 100% :3 -year at 100% 3 -Year Decreasing <br />ear 1: 100% <br />Fear 2: 75% <br />ear 3: 50% <br />)Reduced Building ' 100% X100% for sprinkled X <br />`Plan Review # "building <br />I <br />teduced Permit 1009`0 <br />=ees <br />I <br />i <br />I <br />i <br />!duced rates on V25% <br />ater/Sewer tap <br />as <br />OR <br />t <br />50% non -sprinkled <br />building <br />!%/100% for sprinkled !-./25% <br />building i <br />an -sprinkled <br />Ig <br />....... <br />% V25% <br />Low -Cost sale of Foreclosed Properties - As part of their agreement, an Applicant may choose to purchase <br />eligible properties that are in a state of tax foreclosure. These properties are available on a strictly first <br />come, first serve basis and the City makes no warranty on having available properties for this incentive, <br />nor will it maintain any type of waiting list for available properties. The City will work with the Lamar <br />County, Paris Independent School District, and Paris Junior College to seek a low-cost safe of the <br />foreclosed property, but the City can only guarantee a low cost of its share. As noted herein, the City will <br />only convey such properties for the construction of single-family homes. <br />Tax Abatement - An Applicant who has satisfied all the criteria and guidelines for the low-cost property <br />sale and residential tax abatement as set out herein, will be eligible for a tax abatement on each parcel <br />on which a dwelling unit or units are constructed and completed in accordance with the foregoing table. <br />Page 4 of 7 <br />¶Wb "mug •.. +'« �l 2��Vfr b�i l�W�.. I dp�,�u�'��4 IRInhN(GPfull UA�VI�������u��!///111�1m�.)��el�P/✓dll1L�G �lm(i�WN.Y01ll��d/ikairtlllll0�JD2�Y�PM�Yll,rm���''� �141f!"�IHAI � rWJlP 91� �' <br />