C. FP25-0022 Consider a request by 97 Land Company, on behalf of Rayzor Investments LTD, for approval of a Final Plat of Lot 1, Block A Roselawn Village Addition. The 22.45-acre tract is approximately located on the west side of Roselawn Drive, and approximately 295 ft south of Bernard Street in the City of Denton, Denton County, Texas. (FP25-0022, Roselawn Village Apartments, Matt Bodine)
How much tax dollars will pay out towards infrastructure to support this project? The 2024 DCAD reported $10,345,656,037 amongst 16,213 properties filing under a charitable organization. Is it fiscally responsible to approve that the city provides roads and utilities to a property that will be 100% exempt from property and sales tax for seemingly the entirety of its operation. There are currently hundreds of affordable rental units in construction that need tax money but are off the tax rolls.
How much tax dollars will pay out towards infrastructure to support this project? The 2024 DCAD reported $10,345,656,037 amongst 16,213 properties filing under a charitable organization. Is it fiscally responsible to approve that the city provides roads and utilities to a property that will be 100% exempt from property and sales tax for seemingly the entirety of its operation. There are currently hundreds of affordable rental units in construction that need tax money but are off the tax rolls.