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||Lot #9 of
the Hendricks Kings Court
Subdivision has been sold.
All lots are priced the
same, the advantage goes to
the first people to commit
to a lot for only $500.00.
Please call David Blees at
city hall if your are interested.
8 Lots remain available and some really good incentives are available today!
Work has been moving forward on
the proposed housing subdivision to be located on the vacant
land west of Chavis Drive.
Working together with the City Council,
several recent steps have been taken by the Hendricks
Economic Development Authority (EDA) and its subdivision
committee, all towards creating new residential lots for the
construction of single-family houses:
1. Surveying and
platting of the property is complete. The
layout will provide 10 lots, most of which will have a
frontage width of 94 feet and a lot depth of 176 feet.
Two lots will be somewhat larger.
This plat has been approved by the EDA and forwarded to the
2. A set of
protective deed covenants has been developed.
These covenants will assure that good quality houses
are constructed and that the rights of neighboring lot
owners are respected.
Preliminary cost estimates for water, sewer, and street
improvements have been obtained and included in a draft
budget for the project.
4. A “Letter of
Intent” has been prepared, which will allow genuinely
interested buyers to reserve a lot in advance of signing a
5. The price of a
lot has been set at $34,000. However,
benefits from a new Tax Increment Financing (TIF) district
and other sources may allow for a financial incentive of not
less than a $13,000 offset from the purchase price.
By developing this
subdivision, more options can become available in Hendricks
for families who want to build new houses, thereby growing
the community and broadening the property tax base.
Everyone is reminded that if
they know of someone who may be interested in building a new
house in Hendricks, now is the time to start calling City
Hall at 275-3192.
Check back soon for more
information on incentives currently being explored.