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Council reviews options to revise demolition‑rebuild incentive; members favor one‑time cash grant over tax abatement
Summary
City staff presented three options for the demo‑rebuild rebate program. Several council members said they prefer phasing out property‑tax abatements in favor of a one‑time sliding cash grant tied to improved value; council made no final change during the study session and asked staff to model revised tiers and budget impacts.
City staff reviewed the Farmers Branch demolition‑rebuild incentive program (rebate/abatement) and presented three options, prompting council discussion about whether the city should continue offering multi‑year property‑value abatements or move to a one‑time cash grant.
Perla Tavera, director of economic development, tourism and planning, said that of 45 program applications, 28 remain with the original applicant or buyer and 17 of the 45…
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