McKinney Community Development Corporation
Regular MeetingMcKinney, TX · August 24, 2017
Minutes
CITY OF McKINNEY, TEXAS
Minutes - Final
Thursday, August 24, 2017
8:00 AM
John and Judy Gay Library
6861 Eldorado Parkway
McKinney, Texas 75070
McKinney Community Development Corporation
McKinney Community Development Minutes - Final August 24, 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
Approved and Referred
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 June 29, 2017
Approved and Referred
Minutes of the McKinney Community Development Corporation Meeting
of July 27, 2017
Approved and Referred
Minutes of the McKinney Community Development Corporation
Promotional and Event Grant Committee Meeting of June 30, 2017
Approved and Referred
REPORTS
July Financial Report
Board and Liaison Updates
Board Chairman
City of McKinney
Parks and Recreation
McKinney Economic Development Corporation
Main Street/MPAC
McKinney Convention and Visitors Bureau
President’s Report
REGULAR AGENDA
Consider/Discuss/Act on Project #17-04, Submitted by the City of
CITY OF McKINNEY, TEXAS Page 1
McKinney Community Development Minutes - Final August 24, 2017
Corporation
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 Myers, seconded by Clarke,that this Agenda Item be
Tabled to Another Meeting . The motion carried by the following vote.
Consider/Discuss/Act on Project #17-06, Submitted by North Collin
County Habitat for Humanity, in the Amount of Three Hundred Thirty One
Thousand Seventy-Two Dollars ($331,072) for Land Acquisition and Lot
Preparation for Construction of Low Income Housing ($160,850); Exterior
Home Repairs for 15 Low Income Homes ($112,500); and Material
Costs for Construction of a MISD/North Texas Job Corp Project Home
($57,722); Amount Requested Represents 36% of Total Project Cost
A motion was made by Clarke, seconded by Myers,that this Agenda Item be
Approved . The motion carried by the following vote.
Consider/Discuss/Act on Project #17-07, Submitted by McKinney
Housing Authority, in the Amount of Five Hundred Thousand Dollars
($500,000) for Rehabilitation and Reconstruction and Expansion of
Merritt McGowan Manor, a Sixty-Two Year Old, Low-Income, Multi-family
Project Located on 10.205 Acres in McKinney; Majority of Project Costs
Will be Funded Through a Tax Credit Award and Equity Loan; Amount
Requested Represents 50% of Estimated Gap in Funding Needed for
the Project
A motion was made by Myers, seconded by Clarke,that this Agenda Item be
Approved . The motion carried by the following vote.
Consider/Discuss/Act on Project #17-08, Submitted by Heritage Guild of
Collin County, in the Amount of Sixty Five Thousand Dollars ($65,000) for
Repairs to the Taylor Inn and the Campus-wide Irrigation System at
Chestnut Square; Amount Requested Represents 100% of Estimated
Project Cost
A motion was made by Doak, seconded by Clarke,that this Agenda Item be
Approved . The motion carried by the following vote.
Consider/Discuss/Act on Project #17-09, Submitted by D&L Feeds, Inc.
(DL Farm and Home), in the Amount of One Hundred Forty Thousand
One Hundred Seventy-Seven Dollars ($140,177) for Infrastructure
Improvements that Include Water, Storm Drainage, Sewer, Traffic Control
at 1502 N. Church Street, the Location of an Expanded D&L Feed Store
and Warehouse Location; Amount Requested Represents 50% of
Estimated Project Cost
CITY OF McKINNEY, TEXAS Page 2
McKinney Community Development Minutes - Final August 24, 2017
Corporation
A motion was made by Myers, seconded by Doak,that this Agenda Item be
Approved Denial . The motion carried by the following vote.
Conduct a Public Hearing and Consider/Discuss/Act on Project Grant
#17-10, Submitted by the City of McKinney/McKinney Air Center in the
Amount of Four Million Dollars ($4,000,000) for Construction of a New
Fixed Base Operator Terminal, Expanded Parking, Upgraded U.S.
Customs Facility, 40,000 Square Foot Common Hangar. Amount
Requested Represents 25% of Total Estimated Project Cost.
A motion was made by Doak, seconded by Myers,that this Agenda Item be
Approved Closing Public Hearing . The motion carried by the following vote.
Consider/Discuss/Act on Final FY18 Budget for Submission to City
Council for Approval
A motion was made by Gamble, seconded by Clarke,that this Agenda Item be
Approved . The motion carried by the following vote.
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:
Section 551.087. Deliberation Regarding Economic Development Matters
-Project #17-04
-Project #17-06
-Project #17-07
-Project #17-08
-Project #17-09
-Project #17-10
-Apex Centre
-Project A71-Gateway
ACTION ON EXECUTIVE SESSION
ADJOURN
A motion was made by Myers, seconded by Clarke,that this be Adjourn . The
CITY OF McKINNEY, TEXAS Page 3
McKinney Community Development Minutes - Final August 24, 2017
Corporation
motion carried by the following vote.
Posted in accordance with the Texas Government Code, Chapter 551, on the 18th day of
August, 2017 at or before 5:00 p.m.
___________________________
Cindy Schneible
President
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. Phone 972-547-2694 or 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.
CITY OF McKINNEY, TEXAS Page 4
Agenda
McKinney Community
Development Corporation
Agenda
Thursday, August 24, 2017 8:00 AM John and Judy Gay Library
6861 Eldorado Parkway
McKinney, Texas 75070
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.
17-840 Minutes of the McKinney Community Development
Corporation Meeting of June 29, 2017
Attachments: Minutes
17-841 Minutes of the McKinney Community Development
Corporation Meeting of July 27, 2017
Attachments: Minutes
17-842 Minutes of the McKinney Community Development
Corporation Promotional and Event Grant Committee
Meeting of June 30, 2017
Attachments: Minutes
REPORTS
17-843 July Financial Report
Attachments: July Transmittal
July Financials
July Checks
McKinney Community Development Corporation Page 1 Printed on 8/18/2017
McKinney Community Development Agenda August 24, 2017
Corporation
17-844 Board and Liaison Updates
Board Chairman
City of McKinney
Parks and Recreation
McKinney Economic Development Corporation
Main Street/MPAC
McKinney Convention and Visitors Bureau
Attachments: MCVB Report
17-845 President’s Report
Attachments: Potential Projects
Grants Awarded - FY17
Chestnut Square-Ice Cream Crank-Off Final
Report
REGULAR AGENDA
17-542 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
17-846 Consider/Discuss/Act on Project #17-06, Submitted by North
Collin County Habitat for Humanity, in the Amount of Three
Hundred Thirty One Thousand Seventy-Two Dollars
($331,072) for Land Acquisition and Lot Preparation for
Construction of Low Income Housing ($160,850); Exterior
Home Repairs for 15 Low Income Homes ($112,500); and
Material Costs for Construction of a MISD/North Texas Job
Corp Project Home ($57,722); Amount Requested
Represents 36% of Total Project Cost
Attachments: Application
Presentation
17-847 Consider/Discuss/Act on Project #17-07, Submitted by
McKinney Community Development Corporation Page 2 Printed on 8/18/2017
McKinney Community Development Agenda August 24, 2017
Corporation
McKinney Housing Authority, in the Amount of Five Hundred
Thousand Dollars ($500,000) for Rehabilitation and
Reconstruction and Expansion of Merritt McGowan Manor, a
Sixty-Two Year Old, Low-Income, Multi-family Project
Located on 10.205 Acres in McKinney; Majority of Project
Costs Will be Funded Through a Tax Credit Award and
Equity Loan; Amount Requested Represents 50% of
Estimated Gap in Funding Needed for the Project
Attachments: Application
Presentation
17-848 Consider/Discuss/Act on Project #17-08, Submitted by
Heritage Guild of Collin County, in the Amount of Sixty Five
Thousand Dollars ($65,000) for Repairs to the Taylor Inn
and the Campus-wide Irrigation System at Chestnut Square;
Amount Requested Represents 100% of Estimated Project
Cost
Attachments: Application
Presentation
17-849 Consider/Discuss/Act on Project #17-09, Submitted by D&L
Feeds, Inc. (DL Farm and Home), in the Amount of One
Hundred Forty Thousand One Hundred Seventy-Seven
Dollars ($140,177) for Infrastructure Improvements that
Include Water, Storm Drainage, Sewer, Traffic Control at
1502 N. Church Street, the Location of an Expanded D&L
Feed Store and Warehouse Location; Amount Requested
Represents 50% of Estimated Project Cost
Attachments: Application
Presentation
17-850 Conduct a Public Hearing and Consider/Discuss/Act on
Project Grant #17-10, Submitted by the City of
McKinney/McKinney Air Center in the Amount of Four Million
Dollars ($4,000,000) for Construction of a New Fixed Base
Operator Terminal, Expanded Parking, Upgraded U.S.
Customs Facility, 40,000 Square Foot Common Hangar.
Amount Requested Represents 25% of Total Estimated
Project Cost.
McKinney Community Development Corporation Page 3 Printed on 8/18/2017
McKinney Community Development Agenda August 24, 2017
Corporation
Attachments: Application
Business Plan
Presentation
17-851 Consider/Discuss/Act on Final FY18 Budget for Submission
to City Council for Approval
Attachments: Budget Summary
MCDC Budget - FY18
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:
Section 551.087. Deliberation Regarding Economic Development Matters
-Project #17-04
-Project #17-06
-Project #17-07
-Project #17-08
-Project #17-09
-Project #17-10
-Apex Centre
-Project A71-Gateway
ACTION ON EXECUTIVE SESSION
ADJOURN
McKinney Community Development Corporation Page 4 Printed on 8/18/2017
McKinney Community Development Agenda August 24, 2017
Corporation
Posted in accordance with the Texas Government Code, Chapter 551, on the 18th
day of August, 2017 at or before 5:00 p.m.
___________________________
Cindy Schneible
President
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. Phone 972-547-2694 or
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.
McKinney Community Development Corporation Page 5 Printed on 8/18/2017
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