11-23-15 Agenda, Packet & Committee Meeting Notice

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(4)Approval and Implementation (a)After the application has been approved,the Mow to Own program shall prepare the required communication and legislation for City Council approval. (b) Once a City Property is enrolled in the program Purchaser may begin to earn credits towards its purchase. (c.) Purchaser agrees that in order to earn this credit Purchaser must provide evidence of its maintenance activities to the City. This shall include electronic submission of time dated photographs showing the City Property before and after each maintenance event for which credit is sought. This evidence shall be submitted on a monthly basis. (d.) Purchaser may also be required to provide additional proof of any other activity or status element necessary to maintain the registration of the City Property in the Mow to Own program including evidence of continued ownership of the adjoining property or other program requirements requested by the Mow to Own staff. (5) If Purchaser is unable to conduct the required maintenance activities for any reason, Purchaser will provide notice of this inability to the Mow to Own staff and provide an estimate of its duration. Mow to Own Staff may provide a short term waiver of the requirement or notify Purchaser of its inability to continue to keep the City Property in the program. (6) If Purchaser is found by the city to be in violation of the terms of the MOU, Mow to Own staff will provide notice of this determination and Purchaser will be given ten (10)days to cure the deficiency. If corrective action is not taken within the allotted time, the MOU may be terminated by the program staff. (7) Until conveyance of the Property to the Purchaser, Purchaser may only be granted a non- exclusive right of access and use of the Property consistent with the terms of the MOU and the Application. Purchaser shall not permit any waste or damage to Property and shall not occupy or use the Property for any purposes that are unlawful, hazardous, unsanitary, noxious, or offensive. (8) Purchaser shall not permit any interest or lien to be placed on the Property,while the Property is still owned by the Seller. (9) In the event the Purchaser: 1) Fails to perform the terms of this MOU;or 2) No longer owns a lot adjacent to the Property;or 3) Violates the terms of the Application, including the timely payment of the purchase price; or 4). If the Memphis City Council fails to pass the necessary Resolution, the MOU shall automatically terminate and become null and void and neither party shall have further liability to the other arising out of this MOU.