Title
Consider approving Resolution No. 2021-127 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 14625 Southern Pines Drive; 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 Terrah Cathey - Lozano are applying for the Demolition Rebuild incentive for an existing residence located at 14625 Southern Pines Drive, which has an improved valuation (excluding the land value) of $180,960. The incentive for this range ($150,000- over) includes a seven (7) year rebate of municipal taxes based on the difference between the original and new home appraised value (excluding the land value), as determined by the Dallas County Appraisal District.
ATTACHMENTS:
1. Demolition Rebuild Application for 14625 Southern Pines Drive
2. Location Map for 14625 Southern Pines Drive
3. Current Elevation of 14625 Southern Pines Drive
4. Proposed Elevation for New Home 14625 Southern Pines Drive
5. PPT 14625 Southern Pines Drive pdf
6. Resolution No. 2021-127 for 14625 Southern Pines Drive
7. Demolition Rebuild Agreement for 14625 Southern Pines Drive
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No. 2021-127 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 14625 Southern Pines Drive.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2021-127.
2. I move to approve Resolution 2021-127, with modifications.
3. I move to table the issue for further study or take no action.