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File #: 20-061HT    Name: HNIZ Exemption 508 Tucker
Type: Agenda Item Status: Approved
In control: Historic Preservation Advisory Board
On agenda: 1/7/2021 Final action: 1/7/2021
Title: Conduct a Public Hearing to Consider/Discuss/Act on the Request by Tom & Lea Chandler for Approval of a Level 1 Historic Neighborhood Improvement Zone Tax Exemption for the House Located at 508 Tucker Street.
Attachments: 1. HNIZ Tax Exemption APP 508 Tucker
Title
Conduct a Public Hearing to Consider/Discuss/Act on the Request by Tom & Lea Chandler for Approval of a Level 1 Historic Neighborhood Improvement Zone Tax Exemption for the House Located at 508 Tucker Street.

Summary

COUNCIL GOAL: Enhance the Quality of Life in McKinney

MEETING DATE: January 7, 2021

DEPARTMENT: Planning

CONTACT: Guy R. Giersch, Historic Preservation officer
Mark Doty, Assistant Director of Planning


STAFF RECOMMENDATION: Staff is recommending approval of the Level 1 tax exemption for 508 Tucker Street.
PRIORITY RATING: The property is listed as a high priority building according to the 2015 Update of the Historic Resource Survey. A high priority building contributes significantly to local history or broader historical patterns; is an outstanding or unique example of architecture, engineering or crafted design; retains a significant portion of its original character and contextual integrity; meets, in some cases, criteria for inclusion in the National Register of Historic Places and/or is eligible for a Texas Historical Marker.

ITEM SUMMARY: With an associated agenda item, 2020-061HTM, the applicant is requesting approval of a Historic Marker. If the Historic Preservation Advisory Board (HPAB) approves the applicant's request for a Historic Marker, then, under Ordinance 2015-12-105, the applicant is eligible to request that the HPAB consider an application for a Level 1 tax exemption (100% exemption of the City's ad valorem taxes for a period of 7 years beginning in 2021).
Per the Collin Central Appraisal District, estimated ad valorem taxes for this property in 2020 are $2,636.
ASSESSMENT: Staff has inspected the house to confirm that the building has architectural integrity and has been properly rehabilitated/restored and maintained according to the Secretary of the Interior's Standards.
In Staff's assessment, the applicant(s) have met the requirements to obtain a tax exemption under Level 1 of the Historic Neighborhood Impro...

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