Title
Consider approving Resolution No. 2018-73 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 14459 Tanglewood Dr.; 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 Demo Rebuild incentive for an existing residence located at 14459 Tanglewood Dr. which has an improved valuation (excluding the land value) of $72,190. The incentive for this improvement range ($65,001-$100,000) includes a four (4) 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 and a $20,000 cash grant.
ATTACHMENTS:
1. Demolition Rebuild Application for 14459 Tanglewood Dr.
2. Location Map for 14459 Tanglewood Dr.
3. Current Elevation of 14459 Tanglewood Dr.
4. Proposed Elevation for New Home 14459 Tanglewood Dr.
5. PPT 14459 Tanglewood Dr. pdf
6. Resolution 2018-73 for 14459 Tanglewood Dr.
7. Demo Rebuild Agreement for 14459 Tanglewood Dr.
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No.2018-73 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 14459 Tanglewood Dr.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2018-73.
2. I move to approve Resolution 2018-73 with modifications.
3. I move to table the issue for further study or take no action.