Title
Consider approving Resolution No. 2020-122 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 12715 Epps Field; 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 Ed and Barbara Bonneau are applying for the Demolition Rebuild incentive for an existing residence located at 12715 Epps Field which has an improved valuation (excluding the land value) of $1,000. The incentive for this range ($65,000 or less) includes a three (3) 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 $30,000 grant.
ATTACHMENTS:
1. Demolition Rebuild Application for 12715 Epps Field
2. Location Map for 12715 Epps Field
3. Current Elevation of 12715 Epps Field
4. Proposed Elevation for New Home 12715 Epps Field
5. PPT 12715 Epps Field pdf
6. Resolution 2020-122 for 12715 Epps Field
7. Demolition Rebuild Agreement for 12715 Epps Field
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No. 2020-122 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 12715 Epps Field.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2020-122.
2. I move to approve Resolution 2020-122 with modifications.
3. I move to table the issue for further study or take no action.