Developers, charitable organizations, or individuals may be able to acquire Eligible Property if they meet the following criteria:
Be in "good standing" with the City of Frankfort, meaning you have all necessary City business and regulatory licenses that may apply to you, and that you have no active City Nuisance Code violation cases or outstanding Code liens, and no other outstanding liens or debts to the City. This includes delinquencies on any City real or personal property taxes or occupational license taxes, or other charges, fees, taxes, fines, or penalties.
Have a written project plan, including estimated completion schedule for improvement to the property.
Have examples of other similar projects brought to completion in a timely matter.
Document the financial capacity to complete any proposed project.