Title
Consider approving Resolution No. 2019-046 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 13715 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:
Applicants Mark and Jennifer Allen are applying for the Demo Rebuild incentive for an existing residence located at 13715 Tanglewood Dr. which has an improved valuation (excluding the land value) of $207,560. 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. Demolition Rebuild Application for 13715 Tanglewood Dr.
2. Location Map for 13715 Tanglewood Dr.
3. Current Elevation of 13715 Tanglewood Dr.
4. Proposed Elevation for New Home 13715 Tanglewood Dr.
5. PPT 13715 Tanglewood Dr. pdf
6. Resolution 2019-046 for 13715 Tanglewood Dr.
7. Demolition Rebuild Agreement for 13715 Tanglewood Dr.
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No.2019-046 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 13715 Tanglewood Dr.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2019-046.
2. I move to approve Resolution 2019-046 with modifications.
3. I move to table the issue for further study or take no action.