Title
Consider/Discuss/Act on a Request by Terry Ledbetter, Jr for Approval of a Rehabilitation Level Historic Neighborhood Improvement Zone Program Tax Exemption (Level II) for the Property Located at 502 W Hunt Street
Summary
COUNCIL GOAL: Enhance the Quality of Life in Downtown McKinney
MEETING DATE: September 4, 2025
DEPARTMENT: Development Services - Planning Department
CONTACT: Rayna Alam, Historic Preservation Planner
Cassie Bumgarner, Planning Manager
RECOMMENDED HPAB:
* Staff recommends approval of the request.
ITEM SUMMARY:
* The applicant requests approval of a Rehabilitation Level HNIZ Program tax exemption for the property located at 502 W Hunt 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 Rehabilitation Level exemption (Level II).
* Specifically, the criteria for a Rehabilitation Level incentive are as follows:
o The residential structure is at least 40 years old.
* The home was built circa 1935.
o The owner receives a Letter of Eligibility from the City of McKinney verifying that the proposed improvements qualify for a rehabilitation incentive.
* The Letter of Legibility was issued on February 21, 2025.
o A minimum investment of $10,000 in building improvements for the property has been demonstrated within 12 months of receipt of Letter of Eligibility.
* Within the last 12 months, the owners have completed rehabilitation efforts to the structure totaling $21,190, including:
o Re-routing sewer lines
o Replacing cast-iron pipes
The final report explains all work in more detail. The invoice, proof of payment, and final engineering report are all included as part of the applicant submittal.
BACKGROUND INFORMATION:
* The ...
Click here for full text