Title
Consider/Discuss/Act on a Request by Andrew Harris for a Level 1 (Historic Marker) Historic Neighborhood Improvement Zone Program Tax Exemption for the Property at 514 W. Hunt
Summary
COUNCIL GOAL: Enhance the Quality of Life in Downtown McKinney
MEETING DATE: October 6, 2022
DEPARTMENT: Planning Department - Development Services
CONTACT: Cassie Bumgarner, Historic Preservation Planner
Paula Jarrett Nasta, AIA, Planning Manager
RECOMMENDED BOARD ACTION:
* Staff recommends approval of the request.
ITEM SUMMARY:
* The applicant requests approval of a Level 1 (Historic Marker) HNIZ Program tax exemption for the property located at 418 W. Virginia.
* 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 Level 1 (Historic Marker) exemption.
* Specifically, the criteria for a Level 1 (Historic Marker) incentive are as follows:
o The property has received a historic marker designation pursuant to the Historic Mark Program requirements outlined in Chapter 98 of the City's Code of Ordinances.
* The property owners are applying for a City of McKinney Historic Marker on October 4, 2021.
o A minimum investment of $10,000 in building improvements for the property has been demonstrated within at least the previous 3 years from the date of the incentive request.
* Within the last three years, the owners have completed rehabilitation efforts to the structure, including:
- New custom windows, matching historic profile ($42,836)
- Re-installing gutters, removing vinyl siding, spray foam insulation, painting full house ($64,363)
- Flashing, reframing skirting, window headers, built stairs, replaced downspouts, & back patio rehabilitation ($25,000)
- Safety glass wi...
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