Title
Consider approving Resolution No. 2025-075 authorizing the City Manager to execute an Assignment, Assumption, and Consent Agreement as part of the Demolition/Rebuild Program for a three (3) year property tax incentive for the property located at 12715 Epps Field Road; and take appropriate action.
Body
REQUESTOR:
Economic Development and Tourism Department
BACKGROUND:
In an effort to improve the quality of housing opportunities in the City of 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.
In 2020, Ed Bonneau applied for a Demo/Rebuild incentive and was approved with Resolution No. 2020-121 by the City Council. The initial demolition/rebuild incentive was built under the resident's name rather than the business name, Todd Bonneau Custom Homes. When the property was sold, the incentive agreement was not transferred. No tax incentive has been paid for this property address.
DISCUSSION:
The purpose of the resolution is to fix two errors and ensure the agreement follows the City’s policies and procedures:
• The incorrect assignment from 2020 with Resolution No. 2020-121
• The incorrect address from 2025 with Resolution No. 2025-018
o Incorrect address: 12711 Epps Field
o Correct address: 12715 Epps Field
Resolution No. 2025-075 ensures the accuracy of addresses and assignments.
DISTRICT:
District 3
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution No. 2025-075 as presented.
2. I move to approve Resolution No. 2025-075 with modifications.
3. I move to table the issue for further study or take no action.
ATTACHMENT(S):
1. Resolution No. 2025-075
2. Assignment Agreement
3. Exhibit A