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Council approves tax-abatement agreement with MNR Texas Holdings for housing infill
Summary
Council approved a residential tax-abatement and economic-development agreement with MNR Texas Holdings LLC under the five-and-five program for several infill lots, reducing the project from nine to eight homes after one parcel was withdrawn; the reported project budget is about $1.5 million.
Staff presented a request from MNR Texas Holdings LLC under the city's "five-and-five" housing-infill program to develop multiple infill parcels as single-family homes. Mr. Almensa summarized that the application had completed required postings and that one parcel (609 East Garrett) was withdrawn at the applicant's request, reducing the scope to eight homes. He said the development budget is about $1.5 million.
Council moved and voted to approve the residential tax-abatement and economic-development agreement and related transfers of city trustee properties; the motion carried 5-0. Council members expressed general support for the program as a means to encourage infill housing.
Implementation notes: staff will finalize agreement documents and proceed with required property transfers and oversight under the program terms.
