Title
Consider approving Resolution No. 2017-055 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 3333 Pebble Beach; 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 Brandon Day is applying for the new Demo Rebuild incentive for the residence at 3333 Pebble Beach. This incentive includes a rebate that is based on the increase over the course of five (5) years in the City Property taxes paid on the difference between the original home appraised value (excluding the land value), as determined by the Dallas County Appraisal District and a grant of up to $12,500.00 following completion of demolition.
ATTACHMENTS:
1. Demo Rebuild Application 3333 Pebble Beach
2. Location Map 3333 Pebble Beach
3. Current Elevation 3333 Pebble Beach
4. Front Elevation of New Home 3333 Pebble Beach
5. 3333 Pebble Beach PPT
6. Resolution 2017-055
7. Agreement for 3333 Pebble Beach
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No. 2017-055 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 3333 Pebble Beach.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2017-055
2. I move to approve Resolution 2017-055 with modifications.
3. I move to table the issue for further study or take no action.