Title
Consider approving Resolution No. 2022-153 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 13430 Castleton Drive; and take appropriate action.
Body
BACKGROUND:
In an effort to improve the quality of housing opportunities in Farmers Branch, the City Council enacted a Residential Demolition/Rebuild Program pursuant to Chapter 380 of the Texas Local Government Code to encourage the redevelopment of existing single-family detached residential properties with the construction of new, higher value, single-family detached residential structures.
DISCUSSION:
Applicant Amparo Lozano is applying for the Demolition Rebuild incentive for an existing residence located at 13430 Castleton Drive, which has an improved valuation (excluding the land value) of $137,220. The incentive for this range ($100,001 150,000) includes a five (5) year rebate of municipal taxes based on the difference between the original and new home appraised value (excluding the land value), as determined by the Dallas County Appraisal District and a $10,000 cash grant. The builder, Raul Garza, previously completed the Demolition Rebuild project at 13767 Littlecrest in Farmers Branch. The attached PowerPoint pdf includes location map, current elevation, and proposed elevation.
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No. 2022-153 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 13430 Castleton Drive.
ATTACHMENTS:
1. Demolition Rebuild Application for 13430 Castleton Drive
2. PPT 13430 Castleton Drive (pdf)
3. Resolution No. 2022-153 for 13430 Castleton Drive
4. Demolition Rebuild Agreement for 13430 Castleton Drive
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2022-153.
2. I move to approve Resolution 2022-153, with modifications.
3. I move to table the issue for furth...
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