McKinney Community Development Corporation
Regular MeetingMcKinney, TX · June 27, 2019
Minutes
CITY OF McKINNEY, TEXAS
Minutes - Final
Thursday, June 27, 2019
8:00 AM
Council Chambers
222 N. Tennessee Street
McKinney, TX 75069
McKinney Community Development Corporation
McKinney Community Development Minutes - Final June 27, 2019
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 May 23, 2019
A motion was made by Barnes-Tilley, seconded by Brewer,that this Agenda
Item be Approved and Referred . The motion carried by the following vote.
Financial Reports
Board and Liaison Updates
Board Chair
City of McKinney
McKinney Convention and Visitors Bureau
McKinney Economic Development Corporation
McKinney Main Street/MPAC
McKinney Parks and Recreation
President’s Report
REGULAR AGENDA
Conduct a Public Hearing and Consider/Discuss/Act on Amended
Project #17-04, Submitted by the City of McKinney for an MCDC Loan to
Craig Ranch Hotel, LLC in the Amount of Eight Million, Two Hundred Fifty
Thousand Dollars ($8,250,000) and an MCDC Grant to Craig Ranch
Hotel, LLC in the Amount of Three Million Dollars ($3,000,000) for Partial
Funding for the Construction of a Resort Hotel; Estimated Project Cost is
One Hundred Twenty-Two Million Three Hundred Thousand Dollars
($122,300,000); the Amount Requested Represents 9.2% of the Total
Estimated Project Cost.
A motion was made by Brewer, seconded by Clarke,that this Agenda Item be
CITY OF McKINNEY, TEXAS Page 1
McKinney Community Development Minutes - Final June 27, 2019
Corporation
Approved . The motion carried by the following vote.
Conduct a Public Hearing and Consider/Discuss/Act on Amended Project #17-04, Submitted by
the City of McKinney for an MCDC Loan to Craig Ranch Hotel, LLC in the Amount of Eight
Million, Two Hundred Fifty Thousand Dollars ($8,250,000) and an MCDC Grant to Craig Ranch
Hotel, LLC in the Amount of Three Million Dollars ($3,000,000) for Partial Funding for the
Construction of a Resort Hotel; Estimated Project Cost is One Hundred Twenty-Two Million Three
Hundred Thousand Dollars ($122,300,000); the Amount Requested Represents 9.2% of the Total
Estimated Project Cost.
Conduct a Public Hearing and Consider/Discuss/Act on Amended Project #17-04,
Submitted by the City of McKinney for an MCDC Loan to Craig Ranch Hotel, LLC in the
Amount of Eight Million, Two Hundred Fifty Thousand Dollars ($8,250,000) and an
MCDC Grant to Craig Ranch Hotel, LLC in the Amount of Three Million Dollars
($3,000,000) for Partial Funding for the Construction of a Resort Hotel; Estimated Project
Cost is One Hundred Twenty-Two Million Three Hundred Thousand Dollars
($122,300,000); the Amount Requested Represents 9.2% of the Total Estimated Project
Cost.
A motion was made by Barnes-Tilley, seconded by Glew,that this Agenda Item
be Approved . The motion carried by the following vote.
Consider/Discuss Promotional and Community Event Grant Application
Submitted by The Heritage Guild of Collin County (PC #19-09) in the
Amount of $12,500 for the Advertising, Marketing and Promotion of
Historic McKinney Farmers Market, Legends of McKinney Ghost Walk,
Murder Mystery Production and 2019 Holiday Home Tour.
Consider/Discuss Promotional and Community Event Grant Application
Submitted by Crape Myrtle Trails of McKinney Foundation (PC #19-11) in
the Amount of $15,000 for the Advertising, Marketing and Promotion of
the 2019 Crape Myrtle Run and Festival.
Consider/Discuss Promotional and Community Event Grant Application
Submitted by Direction 61:3 (PC #19-12) in the Amount of $5,000 for the
Advertising, Marketing and Promotion of the 2019 Christmas Mosaix
Concert.
Consider/Discuss Promotional and Community Event Grant Application
Submitted by McKinney Rotary Foundation (PC #19-13) in the Amount of
$7,500 for the Advertising, Marketing and Promotion of the 2019 Rotary
Parade of Lights.
Consider/Discuss Promotional and Community Event Grant Application
CITY OF McKINNEY, TEXAS Page 2
McKinney Community Development Minutes - Final June 27, 2019
Corporation
Submitted by SBG Hospitality (PC #19-14) in the Amount of $15,000 for
the Advertising, Marketing and Promotion of the 2019 McKinney Wine
and Music Festival.
Consider/Discuss Promotional and Community Event Grant Application
Submitted by McKinney Main Street (PC #19-15) in the Amount of
$15,000 for the Advertising, Marketing and Promotion of 2019 Home for
the Holidays and Activities Associated with Small Business Saturday.
Consider/Discuss Promotional and Community Event Grant Application
Submitted by McKinney Lacrosse Club (PC #19-16) in the Amount of
$9,400 for the Advertising, Marketing and Promotion of the 2019 Fall
Tournament.
Consider/Discuss Promotional and Community Event Grant Application
Submitted by McKinney ISD Department of Athletics (PC #19-17) in the
Amount of $15,000 for the Advertising, Marketing and Promotion of the
2019 NCAA Division II Championship Game.
Consider/Discuss/Act on Approval to Execute the Contract of Purchase
and Sale of the Sheraton McKinney Hotel Unit, McKinney Gateway
Condominium, By and Between the McKinney Community Development
Corporation and McKinney Hotel Fee Owner LLC, a Delaware LLC.
A motion was made by Glew, seconded by Clarke,that this Agenda Item be
Approved . The motion carried by the following vote.
Consider/Discuss/Act on Approval to Execute the Contract of Purchase and Sale of the Sheraton
McKinney Hotel Unit, McKinney Gateway Condominium, By and Between the McKinney
Community Development Corporation and McKinney Hotel Fee Owner LLC, a Delaware LLC.
Consider/Discuss/Act on Approval to Execute the Contract of Purchase and Sale of the
Sheraton McKinney Hotel Unit, McKinney Gateway Condominium, By and Between the
McKinney Community Development Corporation and McKinney Hotel Fee Owner LLC, a
Delaware LLC.
A motion was made by Clarke, seconded by Barnes-Tilley,that this Agenda
Item be Adjourn . The motion carried by the following vote.
CITIZEN COMMENTS
BOARD OR COMMISSIONER COMMENTS
CITY OF McKINNEY, TEXAS Page 3
McKinney Community Development Minutes - Final June 27, 2019
Corporation
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:
C. Section 551.072. Deliberations about Real Property
E. Section 551.087. Deliberation Regarding Economic Development Matters
Project #17-04 Craig Ranch Resort Hotel & Conference
Sheraton McKinney Hotel
Project Elsa
ACTION ON EXECUTIVE SESSION
ADJOURN
Posted in accordance with the Texas Government Code, Chapter 551, on the 20th day of
June, 2019 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, June 27, 2019 8:00 AM Council Chambers
222 N. Tennessee Street
McKinney, TX 75069
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.
19-0526 Minutes of the McKinney Community Development
Corporation Meeting of May 23, 2019
Attachments: Minutes
19-0527 Financial Reports
Attachments: May 2019 Financial Report
May 2019 Transmittal Letter
May 2019 Checks Issued
19-0528 Board and Liaison Updates
Board Chair
City of McKinney
McKinney Convention and Visitors Bureau
McKinney Economic Development Corporation
McKinney Main Street/MPAC
McKinney Parks and Recreation
Attachments: MCVB Report
MEDC report
McKinney Community Development Corporation Page 1 Printed on 6/20/2019
McKinney Community Development Agenda June 27, 2019
Corporation
19-0529 President’s Report
Attachments: Grant Funds Awarded
Potential Projects
Grant Promotions
2019 Empty Bowls Final Report
Black History Documentary Letter of Gratitude
REGULAR AGENDA
19-0530 Conduct a Public Hearing and Consider/Discuss/Act on
Amended Project #17-04, Submitted by the City of McKinney
for an MCDC Loan to Craig Ranch Hotel, LLC in the Amount
of Eight Million, Two Hundred Fifty Thousand Dollars
($8,250,000) and an MCDC Grant to Craig Ranch Hotel, LLC
in the Amount of Three Million Dollars ($3,000,000) for
Partial Funding for the Construction of a Resort Hotel;
Estimated Project Cost is One Hundred Twenty-Two Million
Three Hundred Thousand Dollars ($122,300,000); the
Amount Requested Represents 9.2% of the Total Estimated
Project Cost.
Attachments: Proposed Term Sheet
19-0531 Consider/Discuss Promotional and Community Event Grant
Application Submitted by The Heritage Guild of Collin County
(PC #19-09) in the Amount of $12,500 for the Advertising,
Marketing and Promotion of Historic McKinney Farmers
Market, Legends of McKinney Ghost Walk, Murder Mystery
Production and 2019 Holiday Home Tour.
Attachments: Application Packet
Presentation
19-0532 Consider/Discuss Promotional and Community Event Grant
Application Submitted by Crape Myrtle Trails of McKinney
Foundation (PC #19-11) in the Amount of $15,000 for the
Advertising, Marketing and Promotion of the 2019 Crape
Myrtle Run and Festival.
McKinney Community Development Corporation Page 2 Printed on 6/20/2019
McKinney Community Development Agenda June 27, 2019
Corporation
Attachments: Application Packet
Presentation
19-0533 Consider/Discuss Promotional and Community Event Grant
Application Submitted by Direction 61:3 (PC #19-12) in the
Amount of $5,000 for the Advertising, Marketing and
Promotion of the 2019 Christmas Mosaix Concert.
Attachments: Application Packet
19-0534 Consider/Discuss Promotional and Community Event Grant
Application Submitted by McKinney Rotary Foundation (PC
#19-13) in the Amount of $7,500 for the Advertising,
Marketing and Promotion of the 2019 Rotary Parade of
Lights.
Attachments: Application Packet
Presentation
19-0535 Consider/Discuss Promotional and Community Event Grant
Application Submitted by SBG Hospitality (PC #19-14) in the
Amount of $15,000 for the Advertising, Marketing and
Promotion of the 2019 McKinney Wine and Music Festival.
Attachments: Application Packet
Presentation
19-0536 Consider/Discuss Promotional and Community Event Grant
Application Submitted by McKinney Main Street (PC #19-15)
in the Amount of $15,000 for the Advertising, Marketing and
Promotion of 2019 Home for the Holidays and Activities
Associated with Small Business Saturday.
Attachments: Application Packet
19-0537 Consider/Discuss Promotional and Community Event Grant
Application Submitted by McKinney Lacrosse Club (PC
#19-16) in the Amount of $9,400 for the Advertising,
Marketing and Promotion of the 2019 Fall Tournament.
McKinney Community Development Corporation Page 3 Printed on 6/20/2019
McKinney Community Development Agenda June 27, 2019
Corporation
Attachments: Application Packet
Presentation
19-0538 Consider/Discuss Promotional and Community Event Grant
Application Submitted by McKinney ISD Department of
Athletics (PC #19-17) in the Amount of $15,000 for the
Advertising, Marketing and Promotion of the 2019 NCAA
Division II Championship Game.
Attachments: Application Packet
Presentation
19-0539 Consider/Discuss/Act on Approval to Execute the Contract of
Purchase and Sale of the Sheraton McKinney Hotel Unit,
McKinney Gateway Condominium, By and Between the
McKinney Community Development Corporation and
McKinney Hotel Fee Owner LLC, a Delaware LLC.
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:
C. Section 551.072. Deliberations about Real Property
E. Section 551.087. Deliberation Regarding Economic Development Matters
Project #17-04 Craig Ranch Resort Hotel & Conference
Sheraton McKinney Hotel
Project Elsa
ACTION ON EXECUTIVE SESSION
McKinney Community Development Corporation Page 4 Printed on 6/20/2019
McKinney Community Development Agenda June 27, 2019
Corporation
ADJOURN
Posted in accordance with the Texas Government Code, Chapter 551, on the 20th day
of June, 2019 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 6/20/2019
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