Title
Consider/Discuss/Act on the Request by Lea Michaels for Approval of a Rehabilitation Level Historic Neighborhood Improvement Zone Program Tax Exemption for the Property Located at 707 W Hunt Street.
Summary
COUNCIL GOAL: Enhance the Quality of Life in Downtown McKinney
MEETING DATE: December 7, 2023
DEPARTMENT: Planning Department - Development Services
CONTACT: Cassie Bumgarner, Planner
Paula Jarrett Nasta, AIA, Planning Manager
RECOMMENDED BOARD ACTION:
* 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 707 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.
* 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.
* The Letter of Eligibility was issued on October 27, 2022.
* Staff received notification of completion from Lea Michaels on October 25, 2023.
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 totals over $10,000 within the last year:
* Siding repair as needed all over the home, any replacement with like materials and paint ($9,550)
* Insulate water lines and replaced two exterior hose bibbs ($1, 400)
BACKGR...
Click here for full text