Title
Consider/Discuss/Act on a Request by Daniel Karnuta for a Level 2 (Rehabilitation Level) Historic Neighborhood Improvement Zone Program Tax Exemption for the Property at 902 W. Virginia Street
Summary
COUNCIL GOAL: Enhance the Quality of Life in Downtown McKinney
MEETING DATE: March 2, 2023
DEPARTMENT: Planning Department - Development Services
CONTACT: Cassie Bumgarner, Historic Preservation Planner
Paula Jarrett Nasta, AIA, Planning Manager
RECOMMENDED BOARD ACTION:
* Staff recommends approval of the request.
ITEM SUMMARY:
* The applicant requests approval of a Level 2 (Rehabilitation Level) HNIZ Program tax exemption for the property located at 902 W Virginia Street.
* To be eligible for a tax exemption incentive under the HNIZ Program, residential properties must meet the minimum eligibility requirements of the program, along with specific criteria for the requested incentive level.
* Staff has reviewed the request and has found that it meets the minimum eligibility requirements of the HNIZ Program for a Level 2 (Rehabilitation Level) exemption.
* Specifically, the criteria for a Level 2 Rehabilitation incentive are as follows:
o The residential structure is at least 40 years old.
* The home was built circa 1915.
o The owner receives a letter of eligibility from the City of McKinney verifying that proposed improvements qualify for a rehabilitation incentive.
* Although a letter of eligibility was not issued before the work commenced, the property owner had verified with staff that the work was appropriate and eligible. All of the proposed work did not require a Certificate of Appropriateness.
o No later than 12 months following the issuance of the letter of eligibility, the owner completes, or causes to be completed, verified, eligible improvements having a combined cost of at least $10,000.
* The applicants did the following eligible work, which exceeds $10,000 within the last year:
* Foundation repairs, including 29 new piers,...
Click here for full text