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Farmers Branch council narrows preference for demo‑rebuild incentives; staff to return with builder input
Summary
Council members signaled support for a simplified demolition‑rebuild incentive featuring a three‑year tax rebate and a $10,000 grant and asked staff to gather builder feedback and return the proposal for formal action.
Mayor and Farmers Branch City Council members discussed revisions to the city’s demolition‑rebuild incentive program at a June 17 study session, signaling general support for a simplified, capped incentive that combines a three‑year tax rebate with a $10,000 cash grant and asking staff to gather additional input from developers before a final vote.
The discussion, led by Megan Holloway, economic development manager, reviewed developer feedback and two principal options: a four‑year tax rebate with either a $10,000 or $20,000 cash grant, and a three‑year tax rebate with the same $10,000 or $20,000 grant choices. Holloway said developers asked for “program simplification” and “a clear and consistent standard,” and staff recommended a single tier to make budgeting and administration easier.
“The program is a little complex and difficult to…
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