McKinney Community Development Corporation

CITY OF McKINNEY, TEXAS Minutes - Final Thursday, April 27, 2017 8:00 AM Council Chambers 222 N. Tennessee Street McKinney, Texas 75069 McKinney Community Development Corporation McKinney Community Development Minutes - Final April 27, 2017 Corporation PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551.002, A QUORUM OF THE CITY COUNCIL MAY BE PRESENT. NO CITY COUNCIL ACTION WILL BE TAKEN. CALL TO ORDER CONSENT ITEMS 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. Minutes of the McKinney Community Development Corporation Meeting of January 26, 2017 A motion was made by Doak, seconded by Myers,that this Minutes be Approved and Referred . The motion carried by the following vote. Minutes of the City Council and the McKinney Community Development Corporation Joint Meeting of February 23, 2017 A motion was made by Doak, seconded by Myers,that this Minutes be Approved and Referred . The motion carried by the following vote. Minutes of the McKinney Community Development Corporation Strategic Planning Work Session of March 28, 2017 A motion was made by Doak, seconded by Myers,that this Minutes be Approved and Referred . The motion carried by the following vote. Minutes of the City Council and the McKinney Community Development Corporation Joint Meeting of April 18, 2017 A motion was made by Doak, seconded by Myers,that this Minutes be Approved . The motion carried by the following vote. CITY OF McKINNEY, TEXAS Page 1 McKinney Community Development Minutes - Final April 27, 2017 Corporation REPORTS February Financial Report March Financial Report Board and Liaison Updates Board Chairman City of McKinney McKinney Chamber Parks and Recreation Main Street/MPAC McKinney Convention and Visitors Bureau President’s Report REGULAR AGENDA Conduct a Public Hearing and Consider/Discuss/Act on an Amendment to Project Grant #16-03, McKinney Armed Services Memorial Board Gold Star Memorial, to Provide Additional Funding in an Amount Not to Exceed Twenty Thousand Dollars ($20,000); Total Construction Cost, with Contingency, is Estimated to be One Hundred, Sixty-Five Thousand Dollars ($165,000); Total Amount Requested from MCDC Represents 100% of Project Cost A motion was made by Myers, seconded by Clarke,that this Agenda Item be Approved . The motion carried by the following vote. Conduct a Public Hearing and Consider/Discuss/Act on an Amendment to Project Grant #16-06, McKinney Rotary Foundation All Abilities Playground, to Provide Additional Funding in an Amount Not to Exceed Seventy-Five Thousand Dollars ($75,000); Total Construction Cost is Estimated to be Five Hundred, Three Thousand, Two-Hundred Dollars ($503,200); Total Requested from MCDC ($275,000) represents 55% of All Abilities Playground Construction Cost A motion was made by Glew, seconded by Gamble,that this Agenda Item be Approved . The motion carried by the following vote. Conduct a Public Hearing and Consider/Discuss/Act on Project Grant #17-03, Submitted by Collin County Historical Society in the Amount of Seven Thousand Sixty-two Dollars and 00/100 ($7,062.00) for Museum Display Cases; Amount Requested Represents 70% of Total Estimated Equipment Costs CITY OF McKINNEY, TEXAS Page 2 McKinney Community Development Minutes - Final April 27, 2017 Corporation A motion was made by Clarke, seconded by Glew,that this Agenda Item be Approved . The motion carried by the following vote. Conduct a Public Hearing and Consider/Discuss/Act on Project #17-04, Submitted by the City of McKinney for an MCDC Loan to Aimbridge Hospitality in the Amount of Five Million Dollars ($5,000,000) and an MCDC Grant to Aimbridge Hospitality in the Amount of Three Million Dollars ($3,000,000) for Partial Funding for the Construction of a Resort Hotel; Estimated Project Construction Cost is $98,500,000; the Amount Requested Represents 8.12% of the Total Estimated Construction Cost A motion was made by Doak, seconded by Myers,that this Agenda Item be Approved . The motion carried by the following vote. Conduct a Public Hearing and Consider/Discuss/Act on Project #17-04, Submitted by the City of McKinney for an MCDC Loan to Aimbridge Hospitality in the Amount of Five Million Dollars ($5,000,000) and an MCDC Grant to Aimbridge Hospitality in the Amount of Three Million Dollars ($3,000,000) for Partial Funding for the Construction of a Resort Hotel; Estimated Project Construction Cost is $98,500,000; the Amount Requested Represents 8.12% of the Total Estimated Construction Cost Conduct a Public Hearing and Consider/Discuss/Act on Project #17-04, Submitted by the City of McKinney for an MCDC Loan to Aimbridge Hospitality in the Amount of Five Million Dollars ($5,000,000) and an MCDC Grant to Aimbridge Hospitality in the Amount of Three Million Dollars ($3,000,000) for Partial Funding for the Construction of a Resort Hotel; Estimated Project Construction Cost is $98,500,000; the Amount Requested Represents 8.12% of the Total Estimated Construction Cost A motion was made by Glew, seconded by Myers,that this Agenda Item be Approved . The motion carried by the following vote. Consider/Discuss/ Act on Heard Natural Science Museum and Wildlife Sanctuary Request to Extend the Term of the Performance Agreement for Project Grant #16-02 from April 30, 2017 to August 31, 2017 A motion was made by Myers, seconded by Glew,that this Agenda Item be Approved . The motion carried by the following vote. Consider/Discuss/Act on a Recommendation to City Council for Approval of the Parks, Recreation, Open Space, Trails and Streetscape Master Plan A motion was made by Clarke, seconded by Glew,that this Agenda Item be Approved . The motion carried by the following vote. Consider/Discuss/Act a Proposed FY18 Budget for Submission to the City Manager for Review A motion was made by Clarke, seconded by Gamble,that this Agenda Item be Approved . The motion carried by the following vote. CITY OF McKINNEY, TEXAS Page 3 McKinney Community Development Minutes - Final April 27, 2017 Corporation CITIZEN COMMENTS BOARD OR COMMISSIONER COMMENTS Board or Commission Comments relating to items of public interest: Announcements regarding local or regional civic and charitable events, staff recognition, commendation of citizens, upcoming meetings, informational update on projects, awards, acknowledgement of meeting attendees, birthdays, requests for items to be placed on upcoming agendas, and condolences. EXECUTIVE SESSION In Accordance with the Texas Government Code: A. Section 551.087. Deliberation Regarding Economic Development Matters -Project #17-03 -Project #16-02 -Project #16-03 -Project #16-06 -Apex Centre -Project Rest ACTION ON EXECUTIVE SESSION ADJOURN A motion was made by Doak, seconded by Myers,that this be Adjourn . The motion carried by the following vote. Posted in accordance with the Texas Government Code, Chapter 551, on the 21st day of April, 2017 at or before 5:00 p.m. ___________________________ Cindy Schneible President Accommodations and modifications for people with disabilities are available upon request. Requests should be made as far in advance as possible, but no less than 48 hours prior to the meeting. Call 972-547-2694 or email contact-adacompliance@mckinneytexas.org with questions or for accommodations. CITY OF McKINNEY, TEXAS Page 4