Title
Consider approving Resolution No. 2021-128 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 12801 Epps Field Road; 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 Todd Bonneau Homes is applying for the Demolition Rebuild incentive for an existing residence located at 12801 Epps Field Road, which has an improved valuation (excluding the land value) of $78,750. The incentive for this range ($65,001-$100,000) includes a four (4) 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 $20,000 demolition grant.
ATTACHMENTS:
1. Demolition Rebuild Application for 12801 Epps Field Road
2. Location Map for 12801 Epps Field Road
3. Current Elevation of 12801 Epps Field Road
4. Proposed Elevation for New Home 12801 Epps Field Road
5. PPT 12801 Epps Field Road pdf
6. Resolution No. 2021-128 for 12801 Epps Field Road
7. Demolition Rebuild Agreement for 12801 Epps Field Road
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No. 2021-128 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 11801 Epps Field Road.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2021-128.
2. I move to approve Resolution 2021-128, with modifications.
3. I move to table the issue for further study or take no action.