(A) The Community and Development Services will be responsible for the administration and monitoring of the approved subdivisions receiving Residential Enterprise Zone incentives.
(B) The Community and Development Services, along with the Hopkinsville Water Environment Authority, will develop the appropriate administrative processes, contractual agreements and procedures, which will determine eligibility, track productivity and provide an accounting of the rebates, as approved by the City Council.
(C) A yearly report will be provided by the Community and Development Services to the City of Hopkinsville, outlining the activities which have taken place within the Residential Enterprise Zone including the amount and types of rebates provided during the previous year.
(D) The Community and Development Services will have the authority to require the necessary sureties or contractual arrangements between the owner/developer, the builder, the contractor, the subcontractor and the buyer to ensure that the rebates are properly documented and are provided to the appropriate parties.
(E) The executed contractual agreements and sureties will be provided before the final plat is signed by the Community and Development Services.
(1) A memorandum of understanding will be entered into by the Community and Development Services, as agent for the city, and the owner/developer, builder, contractor, subcontractor, buyer, outlining the anticipated incentives for the project for each Residential Enterprise Zone subdivision.
(F) Benefits are provided, based on available funding, on a first-come, first-serve basis and a determination of eligibility.
(G) Each individual owner/developer will enter into a memorandum of understanding (MOU) of the incentives available prior to the signing of the final plat.
(Ord. 12-2011, passed 6-21-2011)