STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: December 9, 2020
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize the first amendment to the conditional grant agreement with AAA Home Builder, LLC (Developer) for the development of 20 single-family homes for the Shady Hollow Project to (1) extend the completion date by one year; and (2) require Developer to plant additional trees and/or shrubs as directed by the City's Chief Arborist - Financing: No cost consideration to the City
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BACKGROUND
On January 13, 2016, City Council authorized the Owner-Occupied Housing Development Program Statement by Resolution No. 16-0079.
On May 2, 2016, the Housing Committee received a briefing memorandum on the Notice of Funding Availability for Owner-Occupied Housing Development Project recommendations.
On May 25, 2016, City Council authorized a conditional grant agreement in the amount of $971,130.00 with AAA Home Builders, LLC for the construction of 20 homes in Oak Cliff as part of the Shady Hollow Project.
The 17 of the 20 single-family homes authorized on May 25, 2016 are completed and under contract to be sold in 2020. The remaining 3 homes are under construction with underground plumbing, water and sewer connections, and foundations having been completed in September of 2020. Construction was delayed due to work interruptions caused by COVID-19 restrictions.
Developer also experienced delays as a result of the time it took for the City to abandon a floodway-related easement on the property. On April 22, 2020, City Council authorized the abandonment of the easement by Resolution No. 20-0615. Following abandonment of the floodway easement, AAA Home Builder was able to complete water and sewer tie-ins on the homes.
In order for Developer to sell the homes, City liens must be ...
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