McKinney Housing Finance Corporation
Regular MeetingMcKinney, TX · December 20, 2019
Minutes
CITY OF McKINNEY, TEXAS
Minutes - Final
Friday, December 20, 2019
8:00 AM
2nd Floor Conference Room
222 N. Tennessee Street
McKinney, Texas 75069
McKinney Housing Finance Corporation
McKinney Housing Finance Minutes - Final December 20, 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
PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Agenda
Items)
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.
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 Housing Finance Corporation Meeting of
November 8, 2019
A motion was made by Beller, seconded by Fisher,that this Agenda Item be
Approved and Referred . The motion carried by the following vote.
REGULAR AGENDA
Kinwood Apartment (Creek Point Apartments) Rehabilitation Project
Summary, Presented by Neal Route, Dominium
Consider/Discuss/Act on a Resolution of All Matters Incident and Related
to the Submission of An Application or Applications for Allocation of
Private Activity Bonds to the Texas Bond Review Board and Declaration
of Expectation to Reimburse Expenditures with Proceeds of Future Debt,
for the Rehabilitation of Creek Point Apartments, to be Known as
Kinwood Apartments
A motion was made by Clarke, seconded by Beller,that this Agenda Item be
Approved . The motion carried by the following vote.
Consider/Discuss/Act on a Resolution of the McKinney Housing Finance
CITY OF McKINNEY, TEXAS Page 1
McKinney Housing Finance Minutes - Final December 20, 2019
Corporation
Corporation Authorizing McKinney Flats LTD. as Developer of McKinney
Flats Transaction including: (I) Execution of All Documentation necessary
to Carry Out Transaction; (II) Authorizing a Wholly-Owned Subsidiary of
the McKinney Housing Finance Corporation to Serve as Prime
Contractor; (III) The General Partner entering into an Agreement of
Limited Partnership for McKinney Flats; and (IV) Obtaining Texas
Department of Housing and Community Affairs Tax Credit for the Project
and Other Matters in Connection Herewith.
A motion was made by Board Member Amirpour, 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:
A. Section 551.071(2) Consultations with Attorney on any Work Session, Special
Session, or Regular Session agenda item requiring confidential attorney/client advice
necessitated by the deliberation or discussion of said items (as needed)
C. Section 551.072. Deliberations about Real Property
Project#18-28RFQ
ACTION ON EXECUTIVE SESSION
ADJOURN
CITY OF McKINNEY, TEXAS Page 2
McKinney Housing Finance Minutes - Final December 20, 2019
Corporation
Posted in accordance with the Texas Government Code, Chapter 551, on the 16th day of
December, 2019 at or before 5:00 p.m.
___________________________
Empress Drane
City Secretary
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 3
Agenda
CITY OF McKINNEY, TEXAS
Agenda
McKinney Housing Finance
Corporation
Friday, December 20, 2019 8:00 AM 2nd Floor Conference Room
222 N. Tennessee Street
McKinney, Texas 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
PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Agenda
Items)
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.
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.
19-1077 Minutes of the McKinney Housing Finance Corporation
Meeting of November 8, 2019
Attachments: Minutes
REGULAR AGENDA
19-1078 Kinwood Apartment (Creek Point Apartments) Rehabilitation
Project Summary, Presented by Neal Route, Dominium
Attachments: Presentation
CITY OF McKINNEY, TEXAS Page 1 Printed on 12/16/2019
McKinney Housing Finance Agenda December 20, 2019
Corporation
19-1079 Consider/Discuss/Act on a Resolution of All Matters Incident
and Related to the Submission of An Application or
Applications for Allocation of Private Activity Bonds to the
Texas Bond Review Board and Declaration of Expectation to
Reimburse Expenditures with Proceeds of Future Debt, for
the Rehabilitation of Creek Point Apartments, to be Known as
Kinwood Apartments
Attachments: Resolution
19-1080 Consider/Discuss/Act on a Resolution of the McKinney
Housing Finance Corporation Authorizing McKinney Flats
LTD. as Developer of McKinney Flats Transaction including:
(I) Execution of All Documentation necessary to Carry Out
Transaction; (II) Authorizing a Wholly-Owned Subsidiary of
the McKinney Housing Finance Corporation to Serve as
Prime Contractor; (III) The General Partner entering into an
Agreement of Limited Partnership for McKinney Flats; and
(IV) Obtaining Texas Department of Housing and Community
Affairs Tax Credit for the Project and Other Matters in
Connection Herewith.
Attachments: Resolution
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
CITY OF McKINNEY, TEXAS Page 2 Printed on 12/16/2019
McKinney Housing Finance Agenda December 20, 2019
Corporation
In Accordance with the Texas Government Code:
A. Section 551.071(2) Consultations with Attorney on any Work Session, Special
Session, or Regular Session agenda item requiring confidential attorney/client advice
necessitated by the deliberation or discussion of said items (as needed)
C. Section 551.072. Deliberations about Real Property
Project#18-28RFQ
ACTION ON EXECUTIVE SESSION
ADJOURN
Posted in accordance with the Texas Government Code, Chapter 551, on the 16th day of
December, 2019 at or before 5:00 p.m.
___________________________
Empress Drane
City Secretary
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 3 Printed on 12/16/2019
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