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McKinney Community Development Corporation

June 26, 2025 ·8:00 AM Final

Council Chambers 401 E. Virginia Street McKinney, TX 75069

Agenda PDF 📹 Watch video Official record ↗

Agenda — 38 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.
  2. 2 WATCH THE BROADCAST LIVE
  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
  5. 5 INVOCATION ▶ jump to 4:42
  6. 6 PLEDGE OF ALLEGIANCE ▶ jump to 6:00
  7. 7 PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items) ▶ jump to 6:21
  8. 8 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.
  9. 9 CONSENT ITEMS Approved Pass ▶ jump to 2:16
  10. 10 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.
  11. 11 Minutes of the McKinney Community Development Corporation Meeting of May 22, 2025 25-2907 Approved and Referred ▶ jump to 6:32
  12. 12 Minutes of the Joint Meeting of City Council, McKinney Community Development Corporation, and McKinney Economic Development Corporation of March 18, 2025 25-2820 Approved and Referred
  13. 13 Minutes of the McKinney Community Development Corporation Finance Subcommittee Meeting of April 7, 2025 25-2908 Approved and Referred
  14. 14 Minutes of the McKinney Community Development Corporation Potential Projects Subcommittee Meeting of May 13, 2025 25-2909 Approved and Referred
  15. 15 REPORTS ▶ jump to 7:45
  16. 16 Financial Report 25-2910 ▶ jump to 3:31
  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 25-2911 ▶ jump to 6:09
  18. 18 President’s Report 25-2912 ▶ jump to 22:59
  19. 19 REGULAR AGENDA ITEMS ▶ jump to 29:10
  20. 20 Consider/Discuss/Act on an Extension to the Term of the Loan Agreement for Project 4B24-03, Awarded to the City of McKinney, Engineering Department for Chestnut Elevated Storage Tank Improvements, to June 30, 2026. 25-2913 Approved Pass ▶ jump to 24:51
  21. 21 Conduct a Public Hearing and Consider/Discuss/Act on Amended Project #17-04, Submitted by Craig Ranch Luxury Hotel SPE Owner LP, for an MCDC Loan in the Amount of Ten Million Two Hundred Fifty Thousand and NO/100 Dollars ($10,250,000.00) and an MCDC Grant in the Amount of Twenty-Five Million and NO/100 Dollars ($25,000,000.00) for Partial Funding for the Construction of a JW Marriott Resort Hotel; The Amount Requested Represents 10.8% of the Total Estimated Project Cost of Three Hundred Twenty-Five Million and NO/100 Dollars ($325,000,000.00). 25-2914 Close the public hearing Pass ▶ jump to 28:07
  22. 22 Consider/Discuss Promotional and Community Event Grant Application Submitted by The Heritage Guild of Collin County (PC 25-17) in the Amount of $14,905.00 for the Advertising, Marketing and Promotion of 2025 Events at Chestnut Square Including Farmers Market, Ghostly Hauntings, Trolley Tours, Pumpkin Pals, Educational Programming, and Holiday Tour of Homes. 25-2915 ▶ jump to 65:23
  23. 23 Consider/Discuss Promotional and Community Event Grant Application Submitted by McKinney Rotary Foundation (PC 25-18) in the Amount of $7,500.00 for the Advertising, Marketing and Promotion of the 2025 Parade of Lights. 25-2916 ▶ jump to 70:20
  24. 24 Consider/Discuss Promotional and Community Event Grant Application Submitted by Texas Women Society (PC 25-19) in the Amount of $13,500.00 for the Advertising, Marketing and Promotion of the 2025 McKinney Asian Food and Art Festival 25-2917 ▶ jump to 73:37
  25. 25 Consider/Discuss Promotional and Community Event Grant Application Submitted by McKinney Repertory Theatre (PC 25-20) in the Amount of $6,790.00 for the Advertising, Marketing and Promotion of the Two Unique Shows in 2025. 25-2918 ▶ jump to 81:45
  26. 26 Consider/Discuss Promotional and Community Event Grant Application Submitted by The Warrior’s Keep (PC 25-21) in the Amount of $12,500.00 for the Advertising, Marketing and Promotion of the 2025 Veterans Day Celebration at TUPPS Brewery. 25-2919 ▶ jump to 89:44
  27. 27 Consider/Discuss Promotional and Community Event Grant Application Submitted by Collin County Master Gardeners Association (PC 25-22) in the Amount of $14,500.00 for the Advertising, Marketing and Promotion of the 2025-2026 Events at Myers Park Consisting of Eight Unique Events Including The Annual Garden Show, Plant Sales, A Walk in the Park, and Educational Workshops. 25-2920 ▶ jump to 100:54
  28. 28 Consider/Discuss Promotional and Community Event Grant Application Submitted by McKinney Main Street (PC 25-23) in the Amount of $14,000.00 for the Advertising, Marketing and Promotion of the 2025 McKinney Oktoberfest. 25-2921 ▶ jump to 107:31
  29. 29 Consider/Discuss Promotional and Community Event Grant Application Submitted by Art Club of McKinney (PC 25-24) in the Amount of $7,100.00 for the Advertising, Marketing and Promotion of 2025-2026 Events, Including Three Art Shows, Four Workshops, and Thirteen Community Events. 25-2922 ▶ jump to 111:26
  30. 30 Consider/Discuss Promotional and Community Event Grant Application Submitted by Millennial Maven Creative Foundation (PC 25-25) in the Amount of $10,000.00 for the Advertising, Marketing and Promotion of the 2025 Rooted in Rhythm Event. 25-2923 ▶ jump to 118:31
  31. 31 PUBLIC COMMENTS Regarding Matters not on the Agenda
  32. 32 BOARD COMMENTS
  33. 33 EXECUTIVE SESSION ▶ jump to 126:00
  34. 34 In accordance with the Texas Government Code: Section 551.087. Deliberation Regarding Economic Development Matters Project Hemispheres Venu/Notes Live Project 20-09 TUPPS Brewery & Entertainment Destination Project 17-04 Craig Ranch Resort Hotel Project 24-15 Sanchez Charities NeighborHub
  35. 35 ACTION ON EXECUTIVE SESSION
  36. 36 ADJOURN Approved Pass ▶ jump to 131:27
  37. 37 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 June, 2025, 5:00 p.m. ___________________________ Cindy Schneible, President
  38. 38 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.