STRATEGIC PRIORITY: Housing & Homelessness Solutions
AGENDA DATE: April 10, 2024
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
Title
Authorize (1) the partial rescission of Section 1 of Resolution No. 20-0811, to withdraw (a) authorization of the sale of up to 17 Land Transfer lots, for up to 35 rental units, identified as Bonton Land Transfer Cluster #2 (Project), to Notre Dame Place, Inc., (VS0000068164) and/or its affiliates; and rescind (b) a conditional grant agreement with Notre Dame Place, Inc in an amount not to exceed $730,072.00 in 2017 General Obligation Bond Funds for public infrastructure and construction cost for up to 35 rental units; (2) the sale of two Land Transfer Program lots, for up to 36 rental units for the Project to CityBuild Community Development Corporation (Developer) and/or its affiliates subject to restrictive covenants, a right of reverter with a right of reentry , and recording of all necessary documents pursuant to the City's Land Transfer Program; (3) the release of all non-tax City liens, notices or orders that were filed on the two Land Transfer lots prior or subsequent to the deeds transferring the lots to the City of Dallas; and (4) execution of a development agreement with Developer for the construction of up to 36 rental units on the Land Transfer lots - Estimated Revenue: General Fund $2,904.68 (see Fiscal Information)
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BACKGROUND
On May 22, 2019, the City Council adopted the Land Transfer Program (LTP) by Resolution No. 19-0824, as amended. The purpose of the LTP Program is to incentivize: (1) the development of quality, sustainable housing that is affordable to the residents of the City; and (2) the development of other uses that complement the City's Comprehensive Housing Policy (CHP), Economic Development Policy, or redevelopment policy. Specifically, the LTP aut...
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