2004-186-RES COOPERATIVE AGREEMENT WITH HABITAT FOR HUMANITY NON-PROFIT HOME BUILDING

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and bounds description, or otherwise, which now or subsequent to the date of this agreement: 1. Is located within the corporate or city limits of the City of Paris, Texas, as those limits currently exist or shall hereafter be amended; and, 2. Is vacant and if a structure is located thereon the structure is or has been unoccupied and abandoned as the terms vacant and abandoned are defined under the Texas Tax Code; and, 3. Is located in an area zoned for single family residential use only pursuant to the Zoning Ordinance of the City of Paris; and, 4. Has been lawfully foreclosed by representatives of the Taxing Entities for delinquent ad valorem taxes pursuant to the Texas Tax Code; and, 5. Has been or is eligible to be struck off to a trustee following a Sheriff's Sale in accordance with the Texas Tax Code, and the property has not sold pursuant to Section 34.001 of the Texas Tax Code; and, 6. One (1) calendar year or the maximum period of time for redemption of said property according to the Texas Tax Code, whichever period of time is greater, has passed since the date of the Sheriff's sale. C. Taxing Entities shall mean the City of Paris, County of Lamar, Paris Independent School District, North Lamar Independent School District, and Paris Junior College, individually and collectively. II. The purpose of this Agreement shall be to implement a non-profit homebuilding program in the City of Paris as authorized pursuant to Resolution No. 2004-068 and the accompanying Contract with the taxing entities associated therewith, and is further authorized in Resolution No. 2004-069, each of which was adopted by the City of Paris on April 12, 2004. The purpose of this Agreement is to implement a program in accordance with those resolutions to recycle or place single-family residential Lots or parcels of real property which have been foreclosed for delinquent ad valorem taxes or for other reasons, and have not been redeemed by their owners in accordance with state law, into a pool of lots, for use by among others Paris Habitat for Humanity, for the construction of new single-family residential houses. Further goals of this Agreement shall be to alleviate community blight, to remove the aforementioned property from the group of properties maintained by the CITY, to enhance the tax base for all taxing entities by constructing new single-family residential homes, and to generally improve the health, safety, and welfare of the citizens of the City of Paris. III. CITY and PARIS HABITAT covenant and agree that said program shall be implemented as follows: Page 3 of 6