[CALL TO ORDER]
[00:00:05]
TO BE ABLE TO CHARGE. OKAY. IT IS 5 P.M. AND WE ARE HERE FOR THE MCKINNEY PUBLIC FACILITIES CORPORATION REGULAR MEETING. WE'RE HERE AT MCKINNEY CITY HALL AT 401 EAST VIRGINIA STREET. IT IS NOW 5 P.M. WE'RE GOING TO START WITH PUBLIC COMMENTS ON AGENDA ITEMS. IF
[Consider/Discuss/Act on the Election of Officers]
THERE'S ANYONE HERE TO SPEAK ON ANY AGENDA ITEMS, YOU ARE WELCOME TO COME FORWARD. SEEING NONE, WE'RE GOING TO MOVE ON TO ITEM 253107. CONSIDER, DISCUSS, ACT ON THE ELECTION OF OFFICERS.MISS DRAIN IS PRESENTING. HE'S PRESENTING. MISS ME? MAYBE NOT. NOPE. NO. NO PRESENTATION. OKAY, SO WE ARE GOING TO OPEN THE FLOOR THEN FOR NOMINATIONS FOR ELECTIONS FOR THIS BOARD. AND I'M GOING TO START OFF BY NOMINATING PATRICK CLOUTIER TO TAKE OVER AS CHAIR OF THIS BOARD. I SECOND. OKAY. SO MOTIONS MADE BY ME. SECOND BY MAYOR BILL COX. ANY DISCUSSION ON THIS ON THIS ITEM? NO. AND I GUESS GO AHEAD AND CAST YOUR VOTE. SET YOUR MOTION. MOTION IS PLEASE. I'M CONSOLIDATING POWER IN THIS AS WELL. WHERE'S THE SECOND? I THINK YOU NEED A SECOND. I'LL DO IT. BILL COX WAS SECOND. OKAY. AND THEN NEXT WOULD BE VICE CHAIR. ANY NOMINATIONS FOR VICE CHAIR? I'LL VOLUNTEER TO TAKE IT BACK OVER IF Y'ALL WANT TO DO IT.
SECOND. OKAY. ALL RIGHT. CAST YOUR VOTES. AND I BELIEVE THAT'S ALL. JUST CHAIR AND VICE CHAIR. CORRECT. THANK YOU. TREASURER. TREASURER. OKAY. ANY NOMINATIONS FOR TREASURER? I'M GOING TO GET IT OVER WITH AND NOMINATE INVOLVED HERE IN THIS THING. SO THAT'S MY MOTION. IS THERE ANY DISCUSSION FROM THE FROM THE NOMINEE. HOW MANY OBJECTS. MR. MAYOR. MR. CHAIRMAN. CHAIRMAN. YES. IF IT MAKES YOU FEEL BETTER, THE CFO WAS ACTUALLY DOES THE WORK FOR THE BOARD KIND OF ASSIST WITH GREAT CFO? ALL RIGHT, MR. HOLLOWAY. ALL RIGHT. SEEING NO MORE DISCUSSION, GO AHEAD AND CAST YOUR VOTES. FOR MYSELF. ALL RIGHT. AND THAT IS ALL. NO
[Minutes of the McKinney Public Facility Corporation Meeting of December 19, 2023]
OTHER OFFICERS. OKAY. WE'RE GOING TO MOVE ON TO 25310 EIGHT MINUTES OF THE MCKINNEY PUBLIC FACILITIES CORPORATION MEETING OF DECEMBER 19TH, 2023. AND IF YOU'RE ASKING WHY 2023 IS BECAUSE THAT WAS OUR LAST MEETING FOR THIS BOARD. SO WE NEED TO GO AHEAD AND APPROVE THOSE MINUTES. SO I HAVE A MOTION FOR THAT. SO MOVED. SECOND. ALL RIGHT. WE'RE GOING TO GO AHEAD AND CAST OUR VOTES. OKAY. LAST ITEM IS 253109. CONSIDER DISCUSS ACT ON A[Consider/Discuss/Act on a Resolution of the McKinney Public Facility Corporation of the City of McKinney, Texas, Approving the First Amended and Restated Bylaws of the McKinney Public Facility Corporation]
RESOLUTION OF THE MCKINNEY PUBLIC FACILITY CORPORATION OF THE CITY OF MCKINNEY, TEXAS, APPROVING THE FIRST, AMENDED AND RESTATED BYLAWS OF THE MCKINNEY PUBLIC FACILITY CORPORATION. GOOD EVENING, CHAIRMAN CLOUTIER. BOARD OF MCKINNEY PUBLIC FACILITIES CORPORATION. CRYSTAL TODD, AFFORDABLE HOUSING ADMINISTRATOR, THANK YOU FOR YOUR TIME HERE TODAY. THE ITEM BEFORE YOU, WE BRIEFLY DISCUSSED WITH COUNCIL ON AUGUST 5TH AND PROVIDED A PRESENTATION ON THAT TIME. IT IS TO CONSIDER AND DISCUSS REVISING THE BYLAWS FOR THE MCKINNEY PUBLIC FACILITIES CORPORATION. THAT PROPOSED CHANGE WOULD BE A 5050 SPLIT ON THE REVENUE ON THE NET REVENUE RECEIVED BY THE PUBLIC FACILITIES CORPORATION. THAT WOULD BE 50% INTO THE COMMUNITY HOUSING FUND, AND THEN 50% REMAINING IN THE GENERAL FUND, WHICH BOTH THOSE BUDGETS STILL COME BEFORE COUNCIL FOR APPROVAL AND FOR USE. THIS WOULD PROVIDE A DEDICATED FUNDING SOURCE FOR AFFORDABLE HOUSING AND TO HELP US REACH OUR STRATEGIC GOALS SET BY CITY COUNCIL. I'M HAPPY TO STAND FOR ANY QUESTIONS. CRYSTAL, COULD YOU TELL ME IF WE DEDICATE 50% TO THE HOUSING, CAN YOU GIVE ME SOME EXAMPLES OF WHAT THAT COULD AND MIGHT NOT BE ABLE TO BE USED FOR? WITH RESPECT TO HOUSING? ABSOLUTELY. IT COULD BE USED TO HELP US PURCHASE LOTS TO BUILD INFILL HOUSING.IT COULD BE USED FOR WOULD BE CLT. RIGHT. SORRY TO INTERRUPT YOU. IT COULD BE CLT OR IT COULD BE HOUSING. IT DOESN'T NECESSARILY MEAN IT HAS TO BE USED FOR THE CLT. UNLESS YOU DESIGNATE THAT YOU WANT THAT 50% TO GO INTO THE CLT, IT GOES INTO THE COMMUNITY HOUSING FUND,
[00:05:04]
WHICH STILL COMES BEFORE COUNCIL. WE BRING OUR BUDGET TO YOU ANNUALLY, AND YOU APPROVE THOSE ITEMS THAT WE HAVE IN THAT BUDGET. WHEN I SAID CLT, I MEANT COMMUNITY LAND TRUST. I KNOW YOU KNOW THAT. BUT JUST FOR THE BENEFIT OF EVERYBODY ELSE. THANK YOU. THANK YOU.WHAT ABOUT THINGS THAT COULDN'T BE USED FOR ANYTHING HOUSING RELATED THAT YOU THINK, MAN, THEY THINK IT MIGHT BE ABLE TO USE FOR THIS, BUT IT CAN'T BE. IS THERE ANYTHING THAT WE USE HOUSING MONEY FOR NOW THAT THIS WOULD NOT BE ELIGIBLE FOR? I CAN'T THINK OF ANYTHING THAT WE CURRENTLY SPEND FUNDING ON THAT WE COULD NOT USE FUNDING ON. IT ACTUALLY PROBABLY IS MORE DIVERSE IN FUNDING THAN WE CAN USE IT ON MORE ITEMS THAN WE CAN SOME OF OUR FEDERAL FUNDING, BECAUSE THERE'S NOT AS MANY BOXES TO CHECK. RIGHT? YEAH. SO THIS COULD BE USED POTENTIALLY FOR, LET'S SAY, AN OLDER APARTMENT COMPLEX THAT WE CAN GO IN AND PURCHASE AND RENOVATE POTENTIALLY. WOULD THAT WOULD THAT BE SOMETHING OR TO INCENTIVIZE A DEVELOPER TO COME IN AND, AND RENOVATE A PROJECT THAT WE WOULDN'T REALLY USE THESE FUNDS ON THAT BECAUSE THOSE ARE LARGE, MUCH LARGER SCALE OF FUNDING? WE WOULD ISSUE BONDS FOR THAT THROUGH OUR MCKINNEY HOUSING FINANCE CORPORATION TO DO THOSE RENOVATIONS. OKAY. PIGGYBACKING ON THE MAYOR PRO TEM QUESTION, THOUGH, ANOTHER SCENARIO, LET'S SAY THERE WAS AN APARTMENT COMPLEX THAT WAS LOW ON OCCUPANCY, MET WITH CODE, AND WE DECIDED WE WANTED TO HELP WITH RENTAL ASSISTANCE FOR PEOPLE. COULD WE DO THAT? ABSOLUTELY. OKAY. THANK YOU.
ANY OTHER QUESTIONS OR DISCUSSION? ALL RIGHT. I'LL ENTERTAIN A MOTION. MADAM CHAIR, I WILL MOVE. GET THAT IN. I WILL MOVE THAT. WE APPROVE THIS AS PRESENTED BY CRYSTAL. I'LL SECOND. ALL RIGHT. MR. VOTES. THANK YOU. WE HAVE. THE AGENDA IS UP FOR. THE AGENDA IS UP.
YEAH. HERE WE GO. OKAY. MOTION PASSES, AND THAT IS OUR LAST ITEM. ANY OTHER DISCUSSION OR QUESTIONS? ALL RIGHT. I'LL ENTERTAIN A MOTION TO ADJOURN. SO MOVED. SECOND.
* This transcript was compiled from uncorrected Closed Captioning.