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McKinney Community Development Corporation

February 26, 2026 ·8:00 AM Final

Council Chambers 401 E. Virginia Street McKinney, TX 75069

Agenda PDF 📹 Watch video Official record ↗

Agenda — 32 items

  1. 1 PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551.002, A QUORUM OF THE CITY COUNCIL AND/OR CITY BOARDS & COMMISSIONS MAY BE PRESENT. NO CITY COUNCIL, BOARD OR COMMISSION ACTION WILL BE TAKEN. ▶ jump to 0:08
  2. 2 WATCH THE BROADCAST LIVE ▶ jump to 5:52
  3. 3 This meeting will be streamed live on through the City’s website. Members of the public who wish to watch this meeting may watch the live stream online at: https://mckinneytx.new.swagit.com/views/130
  4. 4 CALL TO ORDER ▶ jump to 5:53
  5. 5 PLEDGE OF ALLEGIANCE ▶ jump to 5:53
  6. 6 INFORMATION SHARING ▶ jump to 5:54
  7. 7 30 Years of MCDC: Community Partner Spotlight - Hugs Café 26-0142 ▶ jump to 5:55
  8. 8 PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items) ▶ jump to 13:34
  9. 9 If you wish to address the Board on a posted item on this agenda, please fill out a "Request to Speak" card and present it to the Clerk before the meeting. Pursuant to Section 551.007 of the Texas Government Code, any person wishing to address the Board for items listed as public hearings will be recognized when the public hearing is opened. Speakers wishing to address the Board regarding any non-public hearing item on this agenda shall have a time limit of three (3) minutes per speaker, per agenda item. The Board Chair may reduce the speaker time limit uniformly to accommodate the number of speakers or improve meeting efficiency.
  10. 10 CONSENT ITEMS Approved Pass ▶ jump to 13:45
  11. 11 This portion of the agenda consists of non-controversial or housekeeping items required by law. Items may be considered individually by the Board or Commission member making such request prior to a motion and vote on the Consent Items.
  12. 12 Minutes of the McKinney Community Development Corporation Meeting of January 22, 2026 26-0143 Approved and Referred ▶ jump to 13:42
  13. 13 Minutes of the McKinney Community Development Corporation Potential Projects Subcommittee Meeting of December 18, 2025 26-0144 Approved and Referred ▶ jump to 13:43
  14. 14 Minutes of the McKinney Community Development Corporation Promotional and Community Event Grant Subcommittee of January 12, 2026 26-0145 Approved and Referred ▶ jump to 13:44
  15. 15 REPORTS ▶ jump to 14:17
  16. 16 Financial Report 26-0146 ▶ jump to 14:19
  17. 17 Board and Liaison Reports Board Chair City of McKinney Visit McKinney McKinney Economic Development Corporation McKinney Main Street/MPAC McKinney Parks and Recreation 26-0147 ▶ jump to 27:54
  18. 18 President’s Report 26-0148 ▶ jump to 37:50
  19. 19 REGULAR AGENDA ITEMS
  20. 20 Consider/Discuss/Act on a Project Grant Application Submitted by Palladium McKinney Ranch, LTD, a Development of Palladium USA, (4B26-01) in an Amount of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) for Infrastructure Improvements Related to the Construction of McKinney Ranch Senior Living, a New Independent Senior Living Multi-Family Development with 109 Units, 72 Dedicated to Low-Income Seniors at 60% AMI or Below, Located at 5353 McKinney Ranch Parkway in McKinney, Texas. Amount Requested Represents 7.5% of Total Project Cost. 26-0149 Approved Pass ▶ jump to 44:20
  21. 21 Consider/Discuss/Act on a Project Grant Application Submitted by Heritage Guild of Collin County (4B26-02) in the Amount of One Hundred Forty-Eight Thousand Five Hundred and No/100 Dollars ($148,500.00) for Site Improvements to Construct Restroom Facilities at Chestnut Square Heritage Village, Located at 315 S. Chestnut in McKinney. Amount Requested Represents 85% of Total Project Cost. 26-0150 Approved Pass ▶ jump to 50:33
  22. 22 Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Presidium Group, LLC, (4B26-04) in an Amount of Thirteen Million Six Hundred Thirty-Four Thousand Six Hundred Thirty-Eight Dollars and 49/100 Dollars ($13,634,638.49) for Infrastructure Improvements Related to Development of The Cotton Mill District, Located at 610 Elm Street in McKinney, Texas. Amount Requested Represents 71.3% of Infrastructure Cost for the Project. 26-0151 Approved Closing Public Hearing Pass ▶ jump to 51:14
  23. 23 Consider/Discuss/Act on a Project Grant Application Submitted by the Collin County History Museum (4B26-05) in the Amount of Thirteen Thousand Three Hundred and N0/100 Dollars ($13,300.00) for Building and Archive Preservation Projects Including Window Tinting and Interior Repairs and Painting at the Museum Located at 300 East Virginia Street in McKinney. Amount Represents 100% of Total Project Cost. 26-0152 Approved Pass ▶ jump to 52:24
  24. 23 Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Presidium Group, LLC, (4B26-04) in an Amount of Thirteen Million Six Hundred Thirty-Four Thousand Six Hundred Thirty-Eight Dollars and 49/100 Dollars ($13,634,638.49) for Infrastructure Improvements Related to Development of The Cotton Mill District, Located at 610 Elm Street in McKinney, Texas. Amount Requested Represents 71.3% of Infrastructure Cost for the Project. 26-0151 Tabled to Another Meeting Pass
  25. 24 PUBLIC COMMENTS Regarding Matters not on the Agenda ▶ jump to 53:46
  26. 25 BOARD COMMENTS ▶ jump to 53:53
  27. 26 EXECUTIVE SESSION ▶ jump to 43:51
  28. 27 In accordance with the Texas Government Code: Section 551.087. Deliberation Regarding Economic Development Matters Project 20-09 TUPPS Brewery & Entertainment Destination Project Hemispheres Venu/Notes Live 4B 26-01 Palladium 4B 26-02 Heritage Guild of Collin County 4B 26-04 Presidium 4B 26-05 Collin County History Museum
  29. 28 ACTION ON EXECUTIVE SESSION
  30. 29 ADJOURN Approved Pass ▶ jump to 54:40
  31. 30 Posted in accordance with the Texas Government Code, Chapter 551, at least seventy-two (72) hours prior the start of the meeting, on or before the 20th of February 2026, 5:00 p.m. ___________________________ Cindy Schneible, President
  32. 31 In accordance with the Americans with Disabilities Act, it is the policy of the City of McKinney to offer its public programs, services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you are a person with a disability and require information or materials in an appropriate alternative format; or if you require any other accommodation, please contact the ADA Coordinator at least 48 hours in advance of the event. Email contact-adacompliance@mckinneytexas.org. Advance notification within this guideline will enable the City to make reasonable arrangements to ensure accessibility. ADA grievances may also be directed to the ADA Coordinator or filed online at http://www.mckinneytexas.org/ada.