Title
Consider approving Resolution No. 2018-55 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 13561 Braemar; 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 Berry Grubbs is applying for the Demo Rebuild incentive for an existing residence located at 13561 Braemar which has an improved valuation (excluding the land value) of $215,720. The incentive for this improvement range ($150,000 and over) includes a seven (7) year rebate of municipal taxes based on the difference between the original home appraised value (excluding the land value), as determined by the Dallas County Appraisal District.
ATTACHMENTS:
1. Demo Rebuild Application for 13561 Braemar
2. Location Map of 13561 Braemar
3. Current Elevation of 13561 Braemar
4. Front Elevation for 13561 Braemar
5. PPT 13561 Braemar pdf
6. Resolution 2018-55 for 13561 Braemar
7. Demo Rebuild Agreement for 13561 Braemar
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No.2018-55 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 13561 Braemar.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2018-55.
2. I move to approve Resolution 2018-55 with modifications.
3. I move to table the issue for further study or take no action.