Title
Consider approving Resolution No. 2021-140 authorizing the execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of the property located at 13460 Briarbrook 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 James and Helen Buron are applying for the Demolition Rebuild incentive for an existing residence located at 13460 Briarbrook Drive, which has an improved valuation (excluding the land value) of $344,370. 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 13460 Briarbrook Drive
2. Location Map for 13460 Briarbrook Drive
3. Current Elevation of 13460 Briarbrook Drive
4. Proposed Elevation for New Home 13460 Briarbrook Drive
5. PPT 13460 Briarbrook Drive pdf
6. Resolution No. 2021-140 for 13460 Briarbrook Drive
7. Demolition Rebuild Agreement for 13460 Briarbrook Drive
RECOMMENDATION:
Recommended motion by City Administration to approve Resolution No. 2021-140 authorizing execution of a Residential Demolition/Rebuild Program Incentive Agreement for the owner of property located at 13460 Briarbrook Drive.
POSSIBLE COUNCIL ACTION:
1. I move to approve Resolution 2021-140.
2. I move to approve Resolution 2021-140, with modifications.
3. I move to table the issue for further study or take no action.