Title
Consider approving Resolution No. 2023-080 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 13539 Glenside Drive; and take appropriate action.
Body
BACKGROUND:
In an effort to improve the quality of housing opportunities in the Farmers Branch, the City Council enacted a Residential Demolition/Rebuild Program pursuant to Chapter 380 of the Texas Local Government Code. This encourages the redevelopment of existing single-family detached residential properties by constructing new, higher-value, single-family detached residential structures.
DISCUSSION:
Applicant, Thomas Cusick Custom Homes, is applying for the Demolition Rebuild incentive for an existing residence located at 13539 Glenside Drive, which has an improved valuation (excluding the land value) of $148,920. 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.
RECOMMENDATION:
City Administration recommends approving Resolution No. 2023-080 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 13539 Glenside Drive.
DISTRICT:
District 5
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution No. 2023-080 as presented.
2. I move to approve Resolution No. 2023-080, with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENTS:
1. Resolution No. 2023-080
2. Presentation
3. Demolition Rebuild Application for 13539 Glenside Drive