05-G Homestead Program Res 2 - Laserfiche WebLink

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Section 2. For the purposes of this resolution, the following definitions shall apply: a. Contract with the Taxing Entities shall mean that Interlocal Agreement, Tax Trust Agreement, and Limited Power of Attorney previously entered into by and among the City of Paris, Lamar County, Paris Independent School District, North Lamar Independent School District, and Paris Junior College for the implementation of the program stated herein. b. Lot or Lots shall mean a tract, City lot, or other parcel of real property, whether identified by a formal survey (lot and block in a platted subdivision), or identified by metes and bounds description, or otherwise, which now or subsequent to the date of this agreement: i. 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, ii. 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, iii. Is located in an area zoned for single family residential use only pursuant to the Zoning Ordinance of the City of Paris; and, iv. Has been lawfully foreclosed by representatives of the Taxing Entities for delinquent ad valorem taxes pursuant to the Texas Tax Code; and, v. 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, vi. 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. 3. Non-Profit Entities shall mean Paris Living, a Community Development Corporation, and Paris Habitat for Humanity. 4. 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. Section 3. That there is hereby created a Non-Profit Home Building Program in the City of Paris. The purpose of said program shall be 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 for use by those non-profit entities as designated herein for the construction of new single-family -3-