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i <br />S� <br />m d <br />T E X Ar S <br />PL -INFO -0007 (rev 08/24) <br />Where Texans Reach Mgher <br />Minimum investment - To be eligible for residential tax abatement, an Applicant must construct a new <br />structure or structures on the property parcel(s) identified In an Agreement between the applicant and <br />the City. <br />IV. <br />Limitations: <br />1. Maximum of 10 dwelling units per agreement. <br />2. All projects must be at 80% completion prior to consideration of a new infill housing agreement. <br />3. Pre -Approved building pians may be accepted. <br />4. No zoning change unless there is a substantial change in neighborhood or compatible with the future <br />land use map. <br />Incentives <br />Fater/Sewer tap <br />fees <br />Page 3 of 7 <br />Inc,orithie liable <br />Incentives <br />mily duplex <br />in le Fam <br />inti-Famil <br />1! . ....._._.. <br />ow -Cost <br />Residential Lots <br />'5 <br />-' <br />3 Decreasing <br />ax Abatement <br />-year 100% 3 -year 100% <br />-Year <br />Year 1: 100% <br />Year 2: 75% <br />Fear 3: 50% <br />used Building <br />SOO 1009for sprnkled <br />"100% <br />Plan e <br />,uilding <br />OR- <br />�i0% non -sprinkled <br />building <br />Permit <br />"100% forsprinkled <br />25% <br />educed <br />100% <br />Fees <br />building <br />,OR - <br />50% non -sprinkled <br />building <br />educed rates on <br />25% 25%� <br />25% <br />Fater/Sewer tap <br />fees <br />Page 3 of 7 <br />