Title
Consider/Discuss/Act on a Request by Boilermaker Rockhill LLC, for the Waiver of Roadway Impact Fees in Accordance with the Neighborhood Empowerment Zone Impact Fee Waiver Program for the Proposed Multi-Family Project Located at the Southeast Corner of Rockhill Road and Wilson Creek Parkway
Summary
COUNCIL GOAL: Enhance the Quality of Life in Downtown McKinney
(6A. Maximize Partnerships Between the City of McKinney and Private Industry)
MEETING DATE: December 3, 2019
DEPARTMENT: Development Services - Planning
CONTACT: Mark Doty, Assistant Director of Planning
Guy R. 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 applicant is requesting roadway impact fee waivers for the multi-family project, consisting of 354 multi-family units located at the southeast corner of Rockhill Road and Wilson Creek Parkway.
* Approval of the impact fee waiver will result in the City forgoing $1,376,628.12 in roadway impact fee revenues.
* The property is owned by Boilermaker Rockhill LLC, and the current estimated assessed ad valorem value of the property by CCAD is $2,565,703.
* 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:
o Height: The buildings within the project will be three story which is complimen...
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