Title
Consider/Discuss/Act on a Request by Roslyn Miller, for McKinney Housing Authority, for the Waiver of Roadway Impact Fees in Accordance with the Neighborhood Empowerment Zone Impact Fee Waiver Program for the Proposed Multi-family Project (Merritt Homes) Located at 1200 N. Tennessee Street
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1C: Provide a Strong City Economy by Facilitating a Balance between Industrial, Commercial, Residential and Open Space)
MEETING DATE: June 19, 2018
DEPARTMENT: Planning
CONTACT: Matt Robinson, AICP, Planning Manager
Brian Lockley, AICP, CPM, Director of Planning
Guy Giersch, Historic Preservation Officer
RECOMMENDED CITY COUNCIL ACTION:
Staff recommends approval of the Impact Fee Waiver request through the NEZ Program.
ITEM SUMMARY:
* In accordance with Ordinance No. 2013-11-110, Section 98-84-8 Neighborhood Empowerment Zone (NEZ), the applicants are requesting roadway impact fee waivers for the multi-family project (Merritt Homes), consisting of 136 multi-family units located at 1200 N. Tennessee Street.
* Approval of the impact fee waivers will result in the City forgoing $194,439 in roadway impact fee revenues.
* The property is owned by the McKinney Housing Authority and the current assessed ad valorem value of the property by CCAD is $3,870,117.
* Impact fees are paid up front by the developer and reimbursed upon completion and inspection of the project for compliancy.
CRITERIA FOR ELIGIBILITY:
* In order for the project to be eligible to receive roadway impact fee waivers the design and completion of the new construction should be general compatible with the massing, size, scale, and architectural features of the surrounding neighborhood. The guidelines require that new, multi-family property within the NEZ to meet three criteria as outlined in the Ordinance. The project qualifies based on the following:
* Massing - Massing is derived from the comparison of the totalit...
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