Title
Consider approving Resolution No. 2018-109 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 3016 Selma Lane; 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:
Applicants Drew and Kendra Patrick are applying for the Demo Rebuild incentive for an existing residence located at 3016 Selma Lane which has an improved valuation (excluding the land value) of $145,000. The incentive for this improvement range ($100,001-$150,000) includes a five(5) 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 $10,000 cash grant.
ATTACHMENTS:
1. Demolition Rebuild Application for 3016 Selma Lane
2. Location Map for 3016 Selma Lane
3. Current Elevation of 3016 Lane
4. Proposed Elevation for New Home 3016 Selma Lane
5. PPT 3016 Selma Lane pdf
6. Resolution 2018-109 for 3016 Selma Lane
7. Demolition Rebuild Agreement for 3016 Selma Lane
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No.2018-109 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 3016 Selma Lane.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2018-109.
2. I move to approve Resolution 2018-109 with modifications.
3. I move to table the issue for further study or take no action.