Title
Consider/Discuss/Act on the Request by Sean Miller for Approval of a Historic Marker Level Historic Neighborhood Improvement Zone Program Tax Exemption for the Property Located at 1104 W Louisiana Street.
Summary
COUNCIL GOAL: Enhance the Quality of Life in Downtown McKinney
MEETING DATE: March 7, 2024
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 Historic Marker level HNIZ Program tax exemption for the property located at 1104 W Louisiana 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 Historic Marker Level exemption.
* Specifically, the criteria for a Historic Marker Level 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 submitting a City of McKinney Historic Marker application on March 7, 2024.
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:
o Painting on all elevations, replacing siding on garage and small portion on rear elevation in-kind ($12,275.00)
BACKGROUND INFORMATION:
* The Historic Neighborhood Improvement Zone (HNIZ) Program was established in 2008 for the purpose of preserving the city's un...
Click here for full text