Jan 22, 2026 McKinney Community Development Corporation

[CALL TO ORDER]

[00:00:06]

START OUR MEETING. THIS IS MCKINNEY COMMUNITY DEVELOPMENT CORPORATION, AND TODAY IS JANUARY 22ND, THE YEAR 2026. WE ARE IN COUNCIL CHAMBERS. THIS MEETING WILL BE BROADCAST LIVE.

IT IS 8802 IN THE MORNING. WE'LL START WITH THE PLEDGE OF ALLEGIANCE. IF YOU WILL JOIN US, PLEASE. I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS. ONE NATION UNDER GOD, INDIVISIBLE, WITH LIBERTY AND JUSTICE FOR ALL. SO

[30 Years of MCDC: Community Partner Spotlight - McKinney Parks & Recreation]

THERE IS NO BETTER WAY TO START THAN BY HAVING AMY KINCAID COME UP AND PRESENT TO US ON PARKS AND RECREATION, AND SHE'S GOING TO GO OVER SOME OF THE DIFFERENT PARKS THAT WE'VE DONE, OVER $150 MILLION. I WON'T STEAL YOUR THUNDER, AMY, BUT WANT TO PUT A LITTLE PERSPECTIVE? SHE'S GOING TO SHOW YOU SOME ACREAGE ON THERE. JUST SO YOU KNOW, WE HAVE HELPED FUND JUST OVER ONE SQUARE MILE OF PARKS IN MCKINNEY. SHE'LL SHOW ACREAGE ON THERE. BUT 640 ACRES IS A SQUARE MILE. NEW YORK CENTRAL PARK IS 1.3MI■!S. RIGHT. AND OVR THE LAST 30 YEARS, WE HAVE FUNDED ALMOST SOMETHING THE SIZE OF CENTRAL PARK IN MCKINNEY, BY THE WAY. IT'S SPREAD OUT IN LOTS OF PIECES. NOT ONE BIG SECTION, BUT I WANT YOU TO WATCH THE PRESENTATION AND AND ENJOY SEEING THAT. WHEN WE TALK ABOUT MCKINNEY BEING UNIQUE BY NATURE, IT IS YOUR SALES TAX DOLLARS OVER THE LAST 30 YEARS THAT HAVE BEEN ALLOCATED. AND THERE'S STILL MORE TO GO, MISS KINCAID. CHRIS, I DON'T KNOW WHAT TO DO. GOOD MORNING. CHAIR. MADAM PRESIDENT, MEMBERS OF THE BOARD, AMY KINCAID, DIRECTOR OF PARKS AND REC. AND I'M ABSOLUTELY THRILLED TO BE KICKING OFF YOUR 30 YEAR CELEBRATION. WHAT YOU GUYS HAVE SUPPORTED OVER THE LAST 30 YEARS AND WILL GREATLY SHOW IN THIS PRESENTATION AND THE IMPACT THAT YOU ALL HAVE MADE. SO JUST GOING THROUGH A REFRESHER, THE PURPOSE FOR PARKS AND RECREATION ARE THESE FOUR PILLARS ESSENTIAL? WE MAKE OUR COMMUNITY MORE UNIQUE EVERY DAY. OUR AIM IS PIONEERING. WE WILL MODEL FOR OTHERS TO FOLLOW. OUR DRIVE IS IMPACTFUL. WE ARE THE REASON PEOPLE WANT TO BE IN MCKINNEY. AND THAT'S ABSOLUTELY TRUE. AND OUR MISSION IS CONNECTORS. WE WANT TO ENRICH LIVES THROUGH INTERACTIONS, THROUGH PROGRAMS, PARKS. I'M ALL THINGS THAT WE OFFER IN PARKS, ATHLETICS, AQUATICS AND ALL GREAT THINGS. SO OVER THE 30 YEARS WE'VE YOU GUYS HAVE SUPPORTED US WITH $156 MILLION AND THESE TOUCHED PARK PROJECTS, MASTER PLANS, EQUIPMENT PURCHASES, OPERATIONS, LAND ACQUISITIONS, AS WELL AS REC CENTERS. SO WE'RE GOING TO DIVE IN A LITTLE DEEPER. I LOVE THIS SLIDE BECAUSE IT TRULY SHOWS WHERE WE WERE 30 YEARS AGO TO TODAY. SO IN 1996, WE HAD A POPULATION OF 32,850. SO JUST THINK OF HOW HOW MUCH GROWTH WE'VE SEEN IN 30 YEARS. WE HAD ONE REC CENTER, 650 ACRES, 18 PARKS, THREE TRAIL MILES, 21 ATHLETIC FIELDS, PROGRAM OFFERED, AND SPECIAL EVENTS.

TODAY, AS OF JANUARY 1ST, WE HAVE 237,387. IN POPULATION. WE'VE GROWN TO FOUR RECREATION CENTERS, OVER 3000 PARK ACRES, 52 PARKS, 90 TRAIL MILES WITH MANY MORE TO COME, 48 ATHLETIC

[00:05:05]

NEW PARKS. AS YOU CAN SEE, A COUPLE OF PHOTOS OF MCKINNEY GREENS PARK AND THEN GEORGE WEBB PARK. JUST THOSE ARE SOME OF THE NEWER ONES THAT AGAIN, SETTING US APART FROM OTHER JUST COOKIE CUTTER STAMP PARKS. I'M VERY UNIQUE FEATURES WITHIN THESE PARKS. THE RENOVATIONS.

HERE'S SOME BEFORE AND AFTER OF COTTONWOOD PARK PAVILION AS WELL AS THE PLAYGROUNDS AGAIN

[00:10:07]

HOW WE CAME UP WITH THIS NUMBER IS JUST, AGAIN, GUESSTIMATING HOW MANY USERS WE HAVE ON THE TRAIL AND PARKS, WHICH WE ESTIMATED AROUND 3 MILLION IN THE LAST 30 YEARS. AND THEN WE TOOK ALL OF THE TOTALS. AND THIS IS ON AVERAGE ABOUT 1065 A DAY OVER THE PAST 30 YEARS. SO I JUST WANT TO THANK YOU FOR YOUR SUPPORT, BECAUSE WITHOUT YOU, THESE THINGS WOULD NOT BE POSSIBLE. AND I JUST APPRECIATE THE PAST 30 YEARS AND LOOK FORWARD TO 30 PLUS MORE YEARS WITH YOU AS A PARTNER. GREAT PRESENTATION. THANK YOU. VERY NICE. THANK YOU, THANK YOU. AND THEN OUR STAFF HAS ALSO BEEN WORKING ON A VIDEO. FROM THE. IS THAT READY TO PLAY LINDA OKAY, THERE WE GO. I KNEW THE PANIC WAS OVER. SINCE WE FOUND OUT SINCE WE FOUND OUT. BUT ANYTHING COULD HAPPEN. ANYTHING COULD HAPPEN. ANYTHING COULD HAPPEN. ANYTHING COULD HAPPEN.

ANYTHING COULD HAPPEN. ANYTHING COULD HAPPEN. EVERYTHING COULD BE.

[00:15:18]

TRACY RATH WAS VERY INSTRUMENTAL IN THAT AND TOOK ON THAT PROJECT AND KNEW THAT THAT WOULD BE A CATALYST. AND REALLY, THAT WAS THE TRANSFORMATIVE PROJECT THAT CHANGED THE THE FABRIC OF OUR DOWNTOWN. ALL THE BUSINESSES THAT YOU SEE THERE NOW AND THE VIBRANCY AND THE LIFE THAT WAS ALL STARTED BY AN INVESTMENT MADE BY THE CITY AND THIS ORGANIZATION TO TAKE THAT RUNDOWN, CLOSED, VACATED, FENCED OFF, EYESORE, QUITE FRANKLY, AND TURN IT INTO A GEM OF THE COMMUNITY THAT HAS SPARKED WHAT WE NOW HAVE, IS VOTED THE GREATEST DOWNTOWN IN. IF I USE WORDS OF OUR PRESIDENT GREATEST EVER IN THE HISTORY OF THE WORLD, NO ONE HAS EVER SEEN ANYTHING LIKE IT, BUT CERTAINLY IS THE GREATEST IN THIS STATE.

AND I PUT IT AGAINST ANY DOWNTOWN IN ANY STATE. SO WE'LL MOVE TO PUBLIC COMMENTS ON AGENDA ITEMS. AND DO WE HAVE ANYONE THAT HAS SIGNED UP? OKAY. SEEING NONE, WE WILL MOVE THEN

[CONSENT ITEMS]

[Financial Report]

WE'LL BE GOING OVER THE MONTH OF NOVEMBER TODAY. THAT'S THE SECOND MONTH OF OUR FISCAL YEAR.

IT WAS A QUIET MONTH FOR THE CDC. THAT'S PRETTY COMMON WITH A LOT OF THE EXPENDITURES WE SPENT IN NOVEMBER ACTUALLY GETS APPLIED BACK TO THE PAST FISCAL YEAR. AND IF WE'RE LOOKING AT REVENUE, WE COLLECTED ALMOST $2.2 MILLION IN SALES TAX DOLLARS. AND THEN WE'RE LOOKING AT TOTAL REVENUE FOR THE MONTH. WE'RE A LITTLE OVER 2.5 MILLION. SO THE MAJORITY OF THAT IS OBVIOUSLY COMING FROM SALES TAX. LOOKING AT EXPENDITURES, OUR OPERATIONS, WE SPENT 67,000 PROJECTS. WE SPENT 159,000 AND THE NON-DEPARTMENTAL 107,000. SO TOTAL EXPENSES FOR THE MONTH OF NOVEMBER WAS 332,000. ALL RIGHT. SALES TAX. SO NOVEMBER SALES OR THE MONEY WE RECEIVED IN NOVEMBER ACTUALLY APPLIES TO SEPTEMBER SALES. WE COLLECTED A 4.8% INCREASE OVER LAST YEAR.

THAT BRINGS US YEAR TO DATE. THIS IS ONLY TWO MONTHS AS WE'RE IN THE EARLIER PART OF THE YEAR BRINGS US UP TO 4%. YOU CAN SEE ALLEN HAD A 10.7% INCREASE. FRISCO'S BASICALLY BROKEN EVEN TO KIND OF START THIS FISCAL YEAR, FISCAL YEAR 26. THEN PLANO HAD A 2.8% INCREASE AND WE BUDGETED A 3.5% INCREASE. SO WE ARE STARTING ON A GOOD FOOT AND THEN LOOKING AT BY INDUSTRIES, RETAIL TRADE HAS BEEN VERY CONSISTENT AROUND THE 4 TO 5% MARK FOR ABOUT 14 MONTHS NOW, WHICH IS A VERY STRONG INDICATOR OF WHAT WILL BE HAPPENING IN THE FUTURE. AND THEN YOU CAN SEE THE REST OF THE CATEGORIES ARE PRETTY CONSISTENT. THERE'S A FEW DECREASES AND A FEW BREAKING EVEN. BUT WITH IT ONLY BEING TWO MONTHS AND THAT BEING A YEAR TO DATE NUMBER, WE LIKE TO KIND OF SEE, YOU KNOW, FOUR MONTHS OR SO TO REALLY SEE IF THERE'S A TREND GOING OR ANYTHING ALONG THOSE LINES, BUT THEN SOME, SOME BUSINESSES PAY

[00:20:01]

[Board and Liaison Reports Board Chair City of McKinney Visit McKinney McKinney Economic Development Corporation McKinney Main Street/MPAC McKinney Parks and Recreation]

THERE IT IS. WE HAVE. OH, THAT WAS THE DESTINATION SPORTS PARK. WE TALKED A LITTLE BIT ABOUT THE LAND AT THE CORNER, THE 230 ACRES AT BLOOMDALE AND. WHAT'S THE TAYLOR BURKE? I BELIEVE IT IS THE FUTURE TAYLOR. BURKE. THAT'S 230 ACRES THAT WE BOUGHT A WHILE AGO. AMY TOUCHED ON THAT. WE HAVE AN RFP THAT IS OUT ON THE STREET, SO TO SPEAK, AND THAT IS THOSE THAT DATE CLOSES ON JANUARY 29TH. WE HAD A NUMBER OF FOLKS, I THINK WELL OVER 20 FOLKS ATTENDED THE PRE-PROPOSAL CONFERENCE THAT WE HAD. AND SO WE DO ANTICIPATE RECEIVING SOME GOOD, ROBUST PROPOSALS FOR THE DEVELOPMENT OF THAT 230 ACRES INTO A REGIONAL SPORTS PARK FACILITY.

SO MORE TO FOLLOW ON THAT. WE'RE WE'RE EXCITED ABOUT IT. SO LET'S KEEP OUR FINGERS CROSSED. THAT'S ALL I HAVE. I WILL STAND FOR ANY QUESTIONS. ANY QUESTIONS FOR PAUL? I HAVE

[00:25:01]

THANK YOU. TWO QUESTIONS. YES. SPEAKING OF PARKING THE LOT DIAGONAL HERE IN FRONT OF LOCAL YOKEL HAD BEEN FREE I BELIEVE. BUT I SAW THIS MORNING A SIGN UP WITH A QR CODE. SO HAS THAT BEEN PURCHASED? AND THEN THE GRAVEL LOT. THE GRAVEL THAT IS LOCAL YOKELS. YEAH, IT'S ALWAYS BEEN. IT'S ALWAYS BEEN THERE. ALWAYS HAS. YEAH. THAT'S BEEN OWNED BY THEM. WE OWN THE ONE CITY, THE CDC I BELIEVE, OWNS THE ONE BETWEEN THE FLOUR MILL AND THAT THE RAILROAD TRACK BECAUSE. WELL, IF I'M, IF WE'RE TALKING ABOUT THE SAME LOT, IT NOW SAYS PUBLIC PARKING, BUT THERE'S A QR CODE TO PAY. WELL, IT'S PRIVATE, IT'S PUBLIC PARKING, BUT ON A PAID BASIS.

SO BECAUSE IT'S PRIVATELY OWNED OKAY. AND WE WE DO HAVE SEVERAL OF THOSE LOTS IN TOWN WHERE FOLKS ARE PRIVATELY OWNED, LOTS THAT THEY CHARGE FOR IT. OKAY. BECAUSE BEFORE I THINK IT WAS FREE, I THINK IT WAS. YEAH, GENERALLY. BUT I THINK, YOU KNOW, WITH MORE ACTIVITY HAPPENING HERE, LOCAL YOKELS CONCERN THEY DON'T HAVE PARKING FOR FOLKS. SO YES, THEY PROBABLY THEY PROBABLY GET SOME SORT OF A DISCOUNT. I DON'T KNOW IF YOU'RE VALIDATE VALIDATE YOU EITHER. YEAH. WHAT'S THAT. THEY VALIDATE. THEY DO VALIDATE IT OKAY. AND THEN SECONDLY IS THERE ANY UPDATE ON I BELIEVE IT WAS A AN RFP THAT WAS OUT FOR THE UNHOUSED AND THE CONSULTANT. THAT'S GREAT QUESTION. THANK YOU FOR ASKING THOSE THOSE PROPOSALS ARE IN AND WE'VE SCORED THEM. WE INTERVIEWED. WE WILL BE ANNOUNCING SOON. BE COMING TO THE CITY COUNCIL SOON WITH A RECOMMENDED FACILITATOR, A NAVIGATOR WHO WILL BE WORKING WITH THE CITY ON NAVIGATING THE ISSUE THAT WE'RE WORKING ON. AND THAT IS, REMEMBER, THE WHOLE POINT OF THIS IS CALLED THE BETTER TOGETHER INITIATIVE, AND IT IS TO COME UP WITH A COMMUNITY ROADMAP, A COMMUNITY PLAN FOR HOW WE'RE GOING TO ADDRESS HOMELESSNESS IN THE COMMUNITY OF MCKINNEY. AND THAT WON'T BE THAT CAN'T HAPPEN WITHOUT COMMUNITY INVOLVEMENT.

AND THE NUMBER OF CONVERSATIONS AND THE CONSULTANT THAT YOU'RE TALKING ABOUT OR THE FACILITATOR THAT'S THEIR JOB, IS TO HELP US NAVIGATE THAT PROCESS OVER THE COURSE OF THE NEXT TEN MONTHS. OKAY. AND WHEN DID YOU SAY THAT THAT WOULD BE WE'LL BE ANNOUNCING THAT PROBABLY IN FEBRUARY, ONE OF THE TWO MEETINGS IN FEBRUARY. THANK YOU. FEBRUARY 3RD IS WHAT WE'RE AIMING FOR, I BELIEVE. ANY OTHER QUESTIONS? THANK YOU PAUL OKAY. THANK YOU. VISIT MCKINNEY AARON. GOOD MORNING, MR. CHAIR. MADAM PRESIDENT, MEMBERS OF THE BOARD, AARON WARNER, EXECUTIVE DIRECTOR AT VISIT MCKINNEY. A FEW UPDATES FOR YOU THIS MORNING. START WITH THE NCAA D2 NATIONAL CHAMPIONSHIP TOOK PLACE AT THE END OF DECEMBER. IT WAS A IT WAS A GREAT SUCCESS THIS YEAR FOR THE CITY. WE HAD NOT A FULL SELLOUT, BUT OVER 10,000 ATTENDEES AT THE GAME THAT DAY. SO THAT LOOKED REALLY GOOD ON TV. IF YOU HAPPEN TO LOG IN AND SEE WHAT THE STADIUM LOOKED LIKE, WE DO HAVE OVER 900 ROOM NIGHTS TRACKED THAT WERE PICKED UP FROM THAT GAME THIS YEAR, WHICH IS REALLY GOOD. OBVIOUSLY, THERE ARE A LOT OF ROOM NIGHTS THAT ALSO GO UNTRACKED BECAUSE THEY'RE JUST BOOKED BY INDIVIDUALS WHO COME TO THE COMMUNITY AND STAY. AND SO JUST THROUGH OUR ROOM BLOCKS, WE TRACKED OVER 900 ROOM NIGHTS, AND THEN WE DO A FAN FEST EVENT AT TOPS EVERY YEAR. THAT'S KIND OF A STAPLE OF THAT EVENT.

CHAIRMAN FULLER HAS STOOD ON THE TABLES AND WELCOMED LOTS AND LOTS OF PEOPLE TO MCKINNEY AT THAT EVENT FOR US. BUT THIS YEAR, TOPS DID REPORT THAT THEY HAD RECORD SALES FOR THEIR FAN FEST EVENT, NOT ONLY IN DRINKS BUT ALSO IN FOOD, WHICH HAS BEEN A GREAT ADDITION. HAVING THE NEW FACILITY AND KIND OF THE AMENITIES THAT COME WITH THAT. SO THAT'S BEEN REALLY NEAT. WE USED TO STAND SHOULDER TO SHOULDER AT THE OLD TOPS FOR THE FAN FEST EVENT, BUT OVERALL IT WAS REALLY IT WAS A REALLY GOOD EVENT AND MCKINNEY SHOWED WELL. THE SECOND PIECE OF THAT, THAT WAS REALLY COOL WAS THE STORY OUT OF OLE MISS WITH THE QUARTERBACK THAT THEY HAD THERE, WHO ACTUALLY CAME FROM FAIR STATE D2 SCHOOL THAT WON TWICE IN MCKINNEY, AND THEN HE GOT TO GO AND PLAY AT OLE MISS. MCKINNEY WAS SHOWCASED MULTIPLE TIMES THROUGHOUT THE SEASON, AS HE HE HAD HE HAD A REALLY GOOD SEASON AS HE WOULD PROGRESS. THEY WOULD DO DRONE FOOTAGE OF THE STADIUM. THEY WOULD TALK ABOUT HIS KIND OF RUN THROUGH THE D2 PROGRAM AND HOW HE MADE IT TO OLE MISS. AND SO MCKINNEY WAS HIGHLIGHTED THROUGH THAT ALL THE WAY UNTIL THE END OF THE SEASON. AND I JUST THOUGHT THAT WAS KIND OF COOL. THOSE ARE THINGS YOU DON'T NECESSARILY EXPECT WHEN YOU HOST THE D2 GAME IN MCKINNEY, BUT IT WAS EXTRA PROMOTION FOR US. SECOND THING, SPRING KIND OF KICKS OFF JUST A BACK TO BACK ALMOST SCHEDULE OF OF EVENTS COMING TO THE COMMUNITY, NOT TO MENTION ALL THE WONDERFUL FESTIVALS AND EVENTS WE ALREADY ARE HOSTING. BUT JUST ON THE SPORTS SIDE, STARTING EARLY MARCH, WE WE HOST THE PGA TEXAS OPEN AT THE COURT. SO THAT'S PROFESSIONAL PICKLEBALL ASSOCIATION. WE MOVED STRAIGHT INTO THE MCKINNEY HISTORIC HALF MARATHON INTO THE NEXT WEEK AS THE INTERNATIONAL GIRLS CUP EVENT. WE'VE ALREADY GOT 6 OR 7 DIFFERENT COUNTRIES SIGNED UP TO COME AND PLAY AT THAT EVENT, NOT TO MENTION THE THE PEOPLE WHO ARE COMING FROM INSIDE THE

[00:30:04]

SO WE'RE GEARING UP TO HOST A LOT OF PEOPLE. AND THEN THE LAST THING I'LL GIVE YOU TODAY, LAST FRIDAY, WAS OUR SALES MANAGER, MARIE WOODARD'S, LAST DAY WITH THE CITY. SHE RETIRED FROM THE CITY AND AFTER SPENDING 24 YEARS IN THE TOURISM INDUSTRY, ABOUT ABOUT SIX OF THAT WITH THE CITY OF MCKINNEY. SO I WANT TO GIVE HER JUST A LITTLE SHOUT OUT FOR THE WORK SHE GAVE NOT ONLY TO US IN THE CITY, BUT ALSO TO THE STATE IN THE INDUSTRY. AND SO WE ARE LOOKING FOR THAT REPLACEMENT. AND AS SOON AS WE GET IT, WE WILL INTRODUCE THEM. I'LL STAND FOR ANY QUESTIONS. QUESTIONS. ERIN, WHAT IS THE DATE OF THE HALF MARATHON? MARCH 28TH. YOU SIGNING UP? I MIGHT, YEAH. THANK YOU. THANK YOU SO MUCH. SAD. FAST. MCKINNEY ECONOMIC DEVELOPMENT CORPORATION, MISTER KOSKI. MADAM PRESIDENT, BOARD MEMBERS. THIS PAST WEEK, THE MEDICI FAMILY HAD A CHANCE TO GO TO RAYTHEON, TAKE A TOUR. THE MAYOR, MAYOR COX AND PAUL GRIMES WERE ABLE TO JOIN US. SUPER SPECIAL, RIGHT? YOU COULD SEE SOME PRETTY COOL TECHNOLOGY.

AT LEAST THE TECHNOLOGY YOU CAN SEE WITH OUR SUPER LOW SECURITY CLEARANCE. HOWEVER, THE CULTURE THERE IS PRETTY SPECTACULAR. I'M NOT SURE IF YOU GENTLEMEN PICKED IT UP AS WELL. MANY PARTS OF THE RAYTHEON CAMPUS ARE SET UP LIKE A COLLEGE. CAFETERIAS AND INTERMINGLING OF DIFFERENT GENERATIONS. SO I WAS REALLY STRUCK BY WHAT'S HAPPENING BEHIND THE SCENES THERE, WHERE YOU HAVE REALLY YOUNG PROFESSIONALS WORKING WITH MORE SEASONED PROFESSIONALS DOING COOL STUFF IN THE IN THE CITY OF MCKINNEY. SO WE'RE ON THE SPOTLIGHT THAT WE ARE ALSO WORKING AT MEDC AND OUR FIVE YEAR STRATEGIC PLAN. WE'RE KICKING THAT OFF IN ABOUT A MONTH OR SO. THE MCDC WILL BE A PART OF THAT PROCESS. OF COURSE, THE CHART, THE DIRECTION FOR OUR ORGANIZATION OVER THE NEXT 3 TO 5 YEARS. AND THEN I'LL LEAVE YOU WITH THIS.

WE HAVE A JOINT MEETING WITH CITY COUNCIL NEXT WEEK. WE'RE GOING TO REALLY SPOTLIGHT OUR INNOVATION ACTIVITIES, WORKING WITH PLUG AND PLAY AND HOW WE'RE WORKING WITH STARTUPS ACROSS OUR ECOSYSTEM. SO IF YOU'RE SO INCLINED, TUNE IN, WATCH THE PRESENTATION BY MYSELF AND PLUG AND PLAY TO LEARN MORE ABOUT WHAT WE'RE DOING. MR. CHAIRMAN, I'LL STAND FOR ANY QUESTIONS. THANKS. AND YOU AND YOUR TEAM WILL BE ONE OF THE GROUPS OVER THE NEXT 12 MONTHS HIGHLIGHTING SPOTLIGHTING PARTNERSHIP THAT EDC AND CDC HAVE HAD AND WILL HAVE AND CONTINUE TO HAVE ON PROJECTS AND WHATNOT FROM THE ECONOMIC DEVELOPMENT SIDE. SO WE LOOK FORWARD TO THAT. ANYONE HAVE QUESTIONS FOR MIKE? THANK YOU SIR. THANK YOU. MCKINNEY, MAIN STREET ANDREW. GOOD MORNING. MCDC BOARD CHAIR AND PRESIDENT ANDREW JONES, CULTURAL DISTRICT DIRECTOR. WE ARE GEARING UP FOR A LOT OF CHANGES OVER AT IMPACT. VERY EXCITED TO HOPEFULLY HAVE A TIME ON THE AGENDA TO REALLY KIND OF GO IN DEPTH ON THAT.

BUT AT THIS POINT, WE'RE GOING TO BE CLOSING THE FACILITY EARLY FEBRUARY. OUR OFFICES, THE MAIN STREET AND IMPACT OFFICES WILL TEMPORARILY, TEMPORARILY RELOCATE TO CITY HALL. SO WE'LL BE JOINING PARKS AND REC ON THEIR FLOOR. AND, YOU KNOW, WE'LL KIND OF ADD A LITTLE BIT MORE CHARACTER AND LIFE TO THE BUILDING, BUT WE'RE REALLY EXCITED TO KIND OF APPROACH THAT FROM A HISTORIC PRESERVATION MINDSET AS WELL AS A CUSTOMER SERVICE MINDSET. SO VERY EXCITED ABOUT THAT. SOME UPCOMING EVENTS. WE WERE EXCITED TO HAVE OUR TINY DOOR BIRTHDAY PARTY, WHICH WAS ALREADY SOLD OUT THIS SATURDAY. THAT'S GOING TO BE CANCELED DUE TO THE WEATHER, UNFORTUNATELY, AND WE'LL HAVE AN IDEA OF WHEN THAT GETS POSTPONED. WE ALSO FEBRUARY 14TH, WE HAVE OUR VALENTINE'S DAY WINE WALK IN DOWNTOWN. FEBRUARY 15TH. WE'RE KICKING OFF KIND OF SPRING TIME WITH KREWE OF BARKUS, WHICH IS OUR ANNUAL MARDI GRAS DOG PARADE IN DOWNTOWN. AND THEN FEBRUARY 21ST, WE HAVE OUR DOWNTOWN SIDEWALK SALE, AND THOSE ARE KIND OF SOME OF THE EVENTS COMING UP IN THE NEXT MONTH, AND I'LL STAND FOR ANY QUESTIONS IF. ANDREW, WHEN WILL WHEN WILL YOU BE SHOWING THE PRESENTATION ON THE IMPACT? HOPEFULLY NEXT MONTH. WELL, I ENCOURAGE EVERYONE TO REALLY WATCH FOR THAT MARCH. MARCH.

OKAY. WATCH FOR THAT. I'VE SEEN THE THE IMAGES AND PLANS AND IT IS REALLY GOING TO BE SPECTACULAR. AND IT WILL BE SOMETHING THAT THIS ENTIRE COMMUNITY WILL BE TREMENDOUSLY PROUD OF AND SUCH A GREAT ENHANCEMENT. AND THANK YOU FOR FOR TAKING THE LEAD ON THAT AND REALLY RE-ENVISIONING AND REIMAGINING WHAT IMPACT CAN BE AND WHATNOT. SO I'M EXCITED FOR PEOPLE TO SEE IT. IT'LL IT'LL BLOW YOUR BLOW YOU AWAY. WELL APPRECIATE IT. THANK YOU. YEP,

[00:35:07]

WHAT A GREAT IDEA. SO THANKS FOR PUTTING THAT IDEA TOGETHER AND SEEING IT THROUGH.

CONGRATULATIONS. THANK YOU AND GOOD JOB GETTING PAST YOUR BOARD ON THAT ONE. MAYBE, JUST MAYBE JUST ONE. YOU KNOW, I WAS MAYOR AT THE TIME. AND OF COURSE, I REMEMBER ONE OF YOUR STUNTS WAS TO TRY TO HAVE ME CLIMB THROUGH THE TINY DOOR. I REMEMBER THE SCISSORS AND THE RIBBON CUTTING WAS PRETTY. YEAH, THAT WAS GOOD FOR SURE TO BE HELD UPSIDE DOWN. BUT YEAH, GREAT IMAGINATION. GREAT, GREAT VISIBILITY FOR THE CITY. WE HAVE A GREAT CREATIVE TEAM, SO IT'S REALLY ALL OF THEM. IT CERTAINLY WENT VIRAL. IT WENT QUITE VIRAL. THANK YOU. SO GOOD JOB, MCKINNEY. PARKS AND RECREATION AMY KIND OF GAVE A INTRO PRESENTATION. CAN YOU DO BETTER THAN WHAT YOU DID? I DON'T THINK SO. GOOD MORNING AGAIN. I WILL TRY MY BEST. I WON'T COVER SOME OF THE THINGS THAT MR. GRIMES AND MR. WARNER TALKED ABOUT, BUT DID WANT TO HIGHLIGHT THAT ASHWOOD PARK PLAYGROUND REPLACEMENT IS COMPLETED. CBS DID A GREAT STORY ON MCKINNEY AND THE PLAYGROUND REPLACEMENT AND PROJECT PLAYGROUND, SO CHECK THAT OUT IF YOU HAVE NOT SEEN IT. INSPIRATION PARK THE PLAYGROUND HAS BEEN REMOVED.

WE'RE WORKING ON INSTALLING SHOULD BE COMPLETED BY THE END OF MONTH DEPENDING ON WEATHER.

EXCUSE ME. ALSO, WE ARE PREPARING AS HARD TO THINK THAT WE'RE ABOUT TO BE BELOW ZERO, PROBABLY IN WIND CHILL, BUT WE ARE READY TO START HIRING FOR SUMMER. WE ARE GOING TO HAVE OUR FIRST HIRING EVENT HERE AT CITY HALL ON SATURDAY, FEBRUARY THE 7TH FROM 8 TO 1 P.M. SO IF YOU KNOW ANYONE LOOKING FOR A SUMMER JOB, NOW IS THE TIME TO JUMP ON BOARD. WE FEEL LIKE IT WILL BE SUCCESSFUL. IF NEEDED, WE'LL HAVE A SECOND DATE. FOLLOWING THAT, ALSO THAT SAME DAY WE WILL BE HAVING THE TOWN LAKE TROUT DERBY FROM EIGHT TO NOON, SO MAKE SURE TO STOP BY THERE ON YOUR WAY HERE. AND THEN ALSO THE NIGHT BEFORE ON FEBRUARY 6TH IS OUR FAMOUS AND ALWAYS SELLS OUT OUR DADDY DAUGHTER DANCE AT OLD SETTLERS. THOSE TIMES ARE FROM FIVE 530 AND 730, SO SIGN UP TODAY IF YOU KNOW ANYONE INTERESTED. ALSO, JUST A SIDE NOTE WITH THE CJ CUP, WE'RE EXCITED TO HAVE THEM THE END OF MAY. THAT IS MEMORIAL DAY WEEKEND, SO WE ARE MOVING THE MEMORIAL DAY CEREMONY TO THAT MONDAY, WHICH IS A CHANGE AT 10:00. AND WITH THAT, I'LL STAND FOR ANY QUESTIONS. YOU MIGHT HAVE. QUESTIONS FOR ME, NO QUESTIONS, BUT A COMMENT. I WANTED TO THANK YOU ALL FOR THE MLK PARADE THAT WAS HELD IN PLANO, AND IT WAS ABSOLUTELY FANTASTIC. THE CARE THAT YOU GUYS TOOK THE GOLF CART, THE DECORATIONS, THE WAY YOU GUYS SHOWED UP. PAUL TREVOR, WHO WAS THE CHAUFFEUR EXTRAORDINAIRE, AND THE LANYARDS AND THE CANDY, AND ERICA YOURSELF AND JUST THE WHOLE TEAM. IT WAS PHENOMENAL.

SO THANK YOU TO THE CITY OF MCKINNEY FOR YOUR SUPPORT. AND ALSO, WE'RE EXCITED THAT THE PARADE WILL BE HELD HERE IN MCKINNEY, 27 AND 28. YES, WE'RE EXCITED ABOUT THAT. AND THANK YOU FOR THE PARTICIPATION. AND IT WAS A TEAM EFFORT FROM THE CITY, AND WE'RE EXCITED TO SEE WHAT THAT MIGHT LOOK LIKE NEXT YEAR. THANK YOU. AMY. WHAT IS THE MINIMUM AGE FOR THE SUMMER STAFF WORKERS. IT IS 15. AND SOME JUST DEPENDING ON. AND I CAN SEND OUT JOB DESCRIPTIONS AND WHAT THE AGE REQUIREMENTS ARE. THERE ARE CERTAIN ONES THAT REQUIRE 18, BUT WE CAN GET THAT TO YOU. THANK YOU. ALL RIGHT. THANK YOU AMY. THANK YOU. ALL RIGHT. PRESIDENTS REPORT 26

[President’s Report]

[00:40:04]

BOTH CITY MANAGER'S OFFICE PLANNING. JUSTIN BELLER, COUNCILMAN BELLER JOINS THAT GROUP ON A REGULAR BASIS, BUT THIS IS AN EVENT SUPPORTED BY THAT GROUP, AND I WOULD HOPE THAT ALL OF YOU WILL PUT IT ON YOUR CALENDARS AND MARKET IT IN ADVANCE. WE'RE LOOKING FORWARD TO OUR FIRST TIME WITH THAT SUMMIT, ORGANIZED WITH THE INTERNAL GROUP ALSO WANTED TO GIVE A SHOUT OUT TO THE CITY'S COMMUNICATIONS AND MARKETING TEAM FOR SUPPORTING OUR EFFORTS.

WITH THE 30TH ANNIVERSARY PLANS, WE SORT OF DROPPED THE IDEA OF THE THE COMPILATION VIDEO ON THEM ABOUT TWO AND A HALF WEEKS AGO, AND SO REALLY GRATEFUL TO THAT TEAM FOR FOR GETTING BEHIND IT, BEING SUPPORTIVE. AND THEY ARE ALREADY WORKING ON PLANS FOR THROUGHOUT THE YEAR, SO WANTED TO TO GIVE THEM A SHOUT OUT. I ALSO WANT TO RECOGNIZE OUR INTERNAL COMMUNICATIONS AND MARKETING FOLKS, LINDA AND ANNIE, THERE IS A HANDOUT AT YOUR AT YOUR PLACE. THAT IS A RECAP OF FY 25 GRANT AWARDS. GREAT INFORMATION THERE AND WE WILL BE POSTING THAT ON THE CITY ON THE MCDC FACEBOOK PAGE AND THROUGH OTHER SOCIAL MEDIA. AND ALSO BE SURE AND LOOK AT THE MARKETING REPORT. THIS MONTH WE HAD SOME RECORD BREAKING VIEWS AND REACH ON OUR SOCIAL MEDIA POSTS. SO REALLY PLEASED TO SEE THAT KIND OF ENGAGEMENT AND THANK THEM FOR THEIR ACTIVITIES ON THAT FRONT. BE SURE TO REVIEW THE FINAL REPORTS ATTACHED TO THE AGENDA TO EVENTS ROTARY PARADE OF LIGHTS AND MCKINNEY REPERTORY THEATER. REPERTORY THEATER, AS ALWAYS, PUT TOGETHER A REALLY GREAT ANALYSIS OF THEIR EVENTS AND THE IMPACT THAT MCDC SUPPORT HAD. THEY DO A REALLY THOROUGH ANALYSIS AND ACTUALLY INCORPORATED INTO PLANNING FOR FUTURE YEARS. SO IT'S A GREAT THING TO SEE. AND THEN THE VENEZIA SAPORI RETAIL INFRASTRUCTURE GRANT WAS COMPLETED. THEY PROVIDED INFORMATION AND THAT'S A PART OF THEIR REPORT. AND THEN JUST A REMINDER, A WEEK FROM TOMORROW, JANUARY 30TH, IS THE DEADLINE FOR RETAIL DEVELOPMENT INFRASTRUCTURE GRANT APPLICATIONS TO BE SUBMITTED TO MCDC. AND I'M HAPPY TO ANSWER ANY QUESTIONS, ANY QUESTIONS, OR TRY TO THANK YOU. THANK YOU CINDY. NEXT WE'LL MOVE TO OUR REGULAR AGENDA ITEMS. TODAY WILL BE VOTING ON 14 PROMOTIONAL GRANT APPLICATIONS. THESE THESE ENTITIES THAT HAVE REQUESTED THESE GRANTS. IN THE LAST MEETING, THEY PRESENTED EACH OF THEM. SO IF YOU IF YOU WERE WATCHING THAT MEETING OR HERE, YOU KNOW INTIMATELY WHAT WHAT EACH OF THESE ORGANIZATIONS DO AND WHY THEY'RE ASKING FOR THE MONEY. I WANT TO THANK OUR SUBCOMMITTEE, JOY AJ MARCUS, FOR THEIR WORK IN REVIEWING EACH APPLICATION IN GREATER DETAIL, POST THE MEETING AND PRESENTATIONS THAT THEY GAVE AND PREPARED TO MAKE. THEY'RE MAKING RECOMMENDATIONS FOR US TODAY. JOY IS GOING TO BE PRESENTING THOSE RECOMMENDATIONS ON BEHALF OF THE SUBCOMMITTEE. AFTER I I'LL READ THE ITEM AND THEN SHE'LL TAKE ON THE RECOMMENDATION.

YOU'LL NOTICE THROUGH SOME OF THESE, 1 OR 2 OF US WILL RECUSE OURSELVES IF WE'RE RECUSING OURSELVES. IT'S BECAUSE WE HAVE SOME CONNECTION TO THE ORGANIZATION THAT MADE AN APPLICATION. AND SO WE RECUSE OURSELVES BOTH WHEN THEY PRESENT AND AND THEN WHEN WHEN

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by The Heritage Guild of Collin County (PC 26-01) in the Amount of $13,000.00 for the Advertising, Marketing and Promotion of 2026 Events at Chestnut Square Including Farmers Market, Crazy in May Quilts, Ghostly Hauntings, Trolley Tours, Village Tours, Youth and Adult Educational Programming, and Exhibits.]

SO THIS IS CYCLE ONE ONLY TODAY THAT WE'LL BE DISCUSSING, AND THE TOTAL GRANT FUNDS BUDGETED FOR THIS CYCLE WERE $125,000. AS THE CHAIR MENTIONED, OUR SUBCOMMITTEE, WHICH WAS MARCUS, AJ AND MYSELF, WE MET AND WE DISCUSSED EACH APPLICATION INDIVIDUALLY. WE GAVE CAREFUL CONSIDERATION TO ALL OF THE CRITERIA, AND I JUST WANT TO REMIND EVERYBODY WHAT THAT IS.

THESE AREN'T IN ANY CERTAIN ORDER. THEY'RE NOT WEIGHTED OR PRIORITIZED, MAYBE MORE HEAVILY THAN THE OTHER, BUT I BUT I WANT EVERYBODY TO BE AWARE OF THE THINGS THAT WE CONSIDERED.

SO FIRST IS THE ABILITY TO SHOWCASE THE CITY OF MCKINNEY. THAT'S FOR THE PURPOSE OF BUSINESS DEVELOPMENT AND OUR TOURISM. THAT'S THE PRIMARY NATURE AND SCOPE OF THIS GRANT.

BUT WE ALSO CONSIDER THE ANTICIPATED ATTENDANCE, BOTH FROM MCKINNEY RESIDENTS AND

[00:45:03]

UNLESS I DIDN'T HEAR PROPERLY. ARE YOU ALSO CONSIDERING GROWTH FROM THE PREVIOUS YEAR AND AND LOOKING AT. SO YES, THAT'S PART OF THE ATTENDANCE. SO IF IT'S A REPEAT, IF IT'S A REPEAT APPLICANT, WE CAN LOOK BACK AND SEE WHAT THE TRENDS HAVE BEEN, BOTH IN TERMS OF ADVANCES IN THEIR MARKETING PRACTICES, ATTENDANCE AT THE EVENTS, WHETHER OR NOT IT'S BROUGHT IN MCKINNEY RESIDENTS AND OUTSIDERS, IF THEY'RE ABLE TO COLLECT THAT DATA. BUT IF IT'S A THOUSAND AND THEN IT'S 1112 HUNDRED, AND WHETHER OR NOT WE'RE CONTINUING TO FUND EXACTLY THE SAME EVENT FOR THE SAME AMOUNT VERSUS WE'RE FUNDING A GROWING EVENT THAT WAS SOMEHOW TAKEN INTO CONSIDERATION. YES. WE ALSO LOOK AT THE EVENTS AS A WHOLE, BECAUSE THERE ARE SOME EVENTS THAT ARE ACTUALLY CHANGING. LOCATIONS MIGHT NEED ADDITIONAL MARKETING FUNDS, IT MIGHT BE A BIG YEAR, SUCH AS A 10TH OR 15TH ANNIVERSARY, WHICH ALSO INCURS ADDITIONAL EXPENSES FOR MARKETING BECAUSE THEY MIGHT BE DOING SOMETHING ABOVE AND BEYOND. SO WHEN WE'RE LOOKING AT THE THESE PROMOTIONAL GRANTS, WE'RE REALLY LOOKING AT THE EVENTS IN WHAT WHAT THEY ENTAIL AS A WHOLE. THANK YOU. ALL RIGHT. NEXT ITEM IS 260054.

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by ArtByMetta, LLC (PC 26-02) in the Amount of $7,500 for the Advertising, Marketing and Promotion of the 2026 R&B Picnic Festival.]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by ManeGait Therapeutic Horsemanship (PC 26-03) in the Amount of $12,500.00 for the Advertising, Marketing and Promotion of the 2026 ManeGait LIVE Country Fair and Concert.]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by St. Peter’s Episcopal Church (PC 26-04) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of the 2026 Empty Bowls Event.]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Odysseus Chamber Orchestra (dba McKinney Philharmonic Orchestra) (PC 26-05) in the Amount of $13,500.00 for the Advertising, Marketing and Promotion of the 2026-2027 Concert Season Including a Minimum of Seven Performances.]

[00:50:19]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Raining Grace, Inc. (dba Texas Homegrown Music) (PC 26-06) in the Amount of $10,000.00 for the Advertising, Marketing and Promotion of the 2026 Homegrown Stage at Texas Music Revolution in Downtown McKinney.]

ALL RIGHT. ITEM 26 0058. CONSIDER DISCUSSING AND PROMOTION GRANT EVENT SUBMITTED BY RENEE GRACE, DBA, TEXAS HOMEGROWN MUSIC PC 2606. IN THE AMOUNT OF $10,000 FOR THE ADVERTISING AND MARKETING AND PROMOTIONAL OF THE 2026 HOMEGROWN MUSIC STAGE. TEXAS MUSIC REVOLUTION IN DOWNTOWN MCKINNEY. FOR THIS APPLICANT, THE SUBCOMMITTEE IS RECOMMENDING FUNDING IN THE AMOUNT OF $9,000. ALL RIGHT. I MOVE TO ACCEPT THIS SECOND.

SECOND. GET YOUR VOTES. MOTION PASSES. ITEM 260059. CONSIDER AN ACT ON PROMOTION AND

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Collin County History Museum (PC 26-07) in the Amount of $12,300.00 for the Advertising, Marketing and Promotion of 2026 Events at the Museum.]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by SBG Hospitality (PC 26-08) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of the 2026 Sip and Stroll Series.]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Repertory Theatre (PC 26-09) in the Amount of $1,030 for the Advertising, Marketing and Promotion of 2026 Performances.]

OKAY, WELL, MAYBE THEY'RE WATCHING, BUT I DO THINK THERE'S OPPORTUNITY TO DO MORE ADVERTISING AND MARKETING FOR THIS PARTICULAR ORGANIZATION AND THE AND THE AND THE THINGS THAT THEY DO. AND, AND I THINK WE HAVE AN APPETITE TO HELP SUPPORT THAT REDUCED BECAUSE OF THE RENOVATIONS THAT IMPACT THEIR SEASON IS REDUCED. AND THEY WILL BE COMING BACK AGAIN IN JULY FOR THE SECOND ROUND IN JULY FOR THE SECOND. OKAY. ALL RIGHT. YOU. THANK ITEM 260062

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Millhouse Foundation (PC 26-10) in the Amount of $15,000.00 for the Advertising, Marketing and Promotion of the 2026 Millhouse Arts Festivals, Special Events, and Makers Market Events at McKinney Cotton Mill.]

[00:55:18]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Sostenuto Choral Community of North Texas (PC 26-11) in the Amount of $5,300.00 for the Advertising, Marketing and Promotion of the 2026 Sostenuto Spring Concert.]

FOR THIS APPLICANT, THE SUBCOMMITTEE IS RECOMMENDING FUNDING IN THE AMOUNT OF $2,000.

I MOTION TO APPROVE THIS ITEM. I SECOND PLEASE CAST YOUR VOTES. MOTION APPROVED. ITEM 260064

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Marching Music Made in McKinney (PC 26-12) in the Amount of $10,000.00 for the Advertising, Marketing and Promotion of the 2026 Drum Corps International Competition at MISD Stadium and Drumline Battle at TUPPS.]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Main Street (PC 26-13) in the Amount of $14,000.00 for the Advertising, Marketing and Promotion of the 2026 Arts in Bloom Event.]

[Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by 25 Revolutions, LLC (PC 26-14) in the Amount of $15,000 for the Production and Advertising, Marketing and Promotion of a Promotional Trailer for the Expanded Distribution of the Texas Music Revolution 25 Documentary, a Feature-Length Documentary Filmed in and Highlighting McKinney, Texas.]

I SECOND PLEASE CAST YOUR VOTES. MOTION PASSES. ITEM 260067. CONSIDER DISCUSS ACT ON A FIRST

[Consider/Discuss/Act on a First Amendment to Project Grant #17-04, Originally Awarded to Craig Ranch Luxury Hotel SPE Owner LP, Approved on June 26, 2025, for an MCDC Loan in the Amount of Ten Million Two Hundred Fifty Thousand and NO/100 Dollars ($10,250,000.00) and an MCDC Grant in the Amount of Twenty-Five Million and NO/100 Dollars ($25,000,000.00) for Partial Funding for the Construction of a JW Marriott Resort Hotel.]

MARRIOTT RESORT HOTEL. AND OBVIOUSLY, WE HAVE COMPLETED OUR PROMOTIONAL GRANT ITEMS. AND NOW MOVING INTO THESE OTHER ITEMS. MR. CHAIRMAN, IF YOU RECALL, WHEN WE APPROVED THE SUPPORT FOR THIS HOTEL, THERE WAS THE OPTION TO EXERCISE AN EXTENDED PERIOD TO SECURE THE FULL FUNDING FINANCING PACKAGE. SO THAT IS WHAT THIS AMENDMENT WILL DO ON THIS PROJECT. 120 DAYS WITH THE. POSSIBILITY OF EXTENDING IT A LITTLE BIT BEYOND THAT TO A MAXIMUM OF SIX MONTHS. THIS, FOR ME, IS A PROJECT THAT I'VE SEEN AND WORKED ON FOR FOR YEARS IN THE

[01:00:01]

I LOOK FORWARD TO THAT DAY. IN THAT HOTEL. GOING TO BE THE ONLY FIVE STAR HOTEL IN THE AREA. YES. ALL RIGHT. ITEM 260068 CONSIDER, DISCUSS ACT ON THE FOURTH AMENDMENT TO CHAPTER

[Consider/Discuss/Act on the Fourth Amendment to Chapter 380, and Development Agreement by and Among City of McKinney, Texas, McKinney Economic Development Corporation, McKinney Community Development Corporation, and VENU Holding Corporation, Successor-by-Name Change to Notes Live, Inc.]

THIS IS BRIEFED ON THIS LAST MONTH, BUT THIS WOULD BE THE FOURTH AMENDMENT TO THE AGREEMENT ON THE AMPHITHEATER PROJECT DEALS WITH SEVERAL DIFFERENT ITEMS THAT HAVE TO DO WITH SIGNAGE ON THE PROJECT, ACQUISITION OF RIGHT OF WAY AND THE CONSTRUCTION SCHEDULE, WHICH NOW REFLECTS A MARCH 2027 OPENING. AND I DO KNOW THAT THIS AMENDMENT HAS HAS NOTED THAT EXTENDED DELIVERY. I KNOW THAT THEY ARE, OF COURSE, PURSUING STILL TRYING TO GET OPEN THE END OF THIS YEAR. AND I KNOW THAT THE CITY HAS WORKED WITH THEM DILIGENTLY ON ON SOME SOME ACCOMMODATIONS TO HELP THEM PURSUE CONSTRUCTION AND A LITTLE BIT QUICKER WAY IN JUST IN HOURS AND WHATNOT THAT THEY'RE ABLE TO BE WORKING. SO I KNOW WHAT THEIR GOAL IS. THIS AMENDMENT IS A HOPEFULLY A WORST CASE SCENARIO. AND THERE IS A PROJECT SCHEDULE ATTACHED AS AN EXHIBIT TO THE AGENDA. SO YOU CAN TAKE A LOOK AT THAT TO SEE THE DEADLINES FOR THE VARIOUS MILESTONES. YEP. ANYONE HAVE QUESTIONS? JUST WANT TO SAY IF YOU HAVEN'T DROVE PAST IT GO BY. IT IS REALLY COME TO LIFE OUT THERE. YEAH. DIDN'T COUNCIL ALREADY APPROVED THEIR PIECE OF THIS. YES. AND EDC HAS AS WELL EDC HAS A YEAH OKAY. IS THERE A MOTION I'D LIKE TO MAKE A MOTION TO APPROVE THIS AMENDED AGREEMENT. I'LL SECOND THE MOTION. YOU'RE NOT FAST ENOUGH I GUESS NOT. FINE. HAVE IT. THE MOTION CONTINUES. PLEASE CAST YOUR VOTE. FAST.

[Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Palladium McKinney Ranch, LTD, a Development of Palladium USA (4B26-01), in an Amount of Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) for Infrastructure Improvements Related to the Construction of McKinney Ranch Senior Living, a New Independent Senior Living Multi-Family Development with 109 Units, 72 Dedicated to Low-Income Seniors at 60% AMI or Below, Located at 5353 McKinney Ranch Parkway in McKinney, Texas. Amount Requested Represents 7.5% of Total Project Cost.]

[01:05:17]

SO FIRST ITEM IS 260069. CONDUCT A PUBLIC HEARING AND CONSIDER DISCUSS ACT ON A PROJECT GRANT APPLICATION SUBMITTED BY PALLADIUM MCKINNEY RANCH LTDA. DEVELOPMENT OF PALLADIUM USA IN THE AMOUNT OF $2,500,000 FOR INFRASTRUCTURE IMPROVEMENTS RELATED TO THE CONSTRUCTION OF MCKINNEY RANCH SENIOR LIVING, A NEW INDEPENDENT SENIOR LIVING MULTIFAMILY DEVELOPMENT WITH 109 UNITS, 72 OF WHICH ARE DEDICATED TO LOW INCOME SENIORS AT 60% AMI OR BELOW. LOCATED AT 5353 MCKINNEY RANCH PARKWAY, MCKINNEY, TEXAS. AMOUNT OF THE AMOUNT REQUESTED REPRESENTS 7.7. 5% OF TOTAL PROJECT COST. I BELIEVE TAYLOR THOMAS CODY.

HUNT. GOOD MORNING. THANK YOU. CHAIR. MADAM PRESIDENT AND BOARD MEMBERS FOR THE OPPORTUNITY TO PRESENT TODAY. MY NAME IS TAYLOR THOMAS WITH PALLADIUM USA. WE'RE HERE TO REQUEST 2.5 MILLION THROUGH PROJECT GRANT PROGRAM FOR MCKINNEY RANCH SENIOR LIVING, AN INDEPENDENT SENIOR LIVING COMMUNITY. THIS PROJECT WILL DELIVER HIGH QUALITY, AFFORDABLE HOUSING FOR MCKINNEY SENIORS, WHILE REPRESENTING A $34 MILLION INVESTMENT INTO THE CITY. FOR THOSE WHO ARE UNAWARE, SOME BACKGROUND ON THE PALLADIUM GROUP. IT'S A PRIVATELY OWNED GLOBAL REAL ESTATE DEVELOPMENT AND MANAGEMENT COMPANY FOUNDED IN 1870. WE DEVELOP, OWN AND MANAGE OUR COMMUNITIES FOR THE LONG TERM. OUR FOCUS IS CREATING HIGH QUALITY HOUSING WITH STRONG COMMUNITY IMPACT. PALLADIUM DOES HAVE A PROVEN TRACK RECORD. HERE IN MCKINNEY, WE HAVE ONE COMPLETED AND OPERATIONAL DEVELOPMENT AND TWO IN PRE-DEVELOPMENT. PALLADIUM. MCKINNEY WAS OUR FLAGSHIP PROPERTY HERE IN MCKINNEY. IT DELIVERED 172 AFFORDABLE FAMILY UNITS IN PARTNERSHIP WITH MCKINNEY HOUSING FINANCE CORPORATION. THE PROJECT RECEIVED A 4% HOUSING TAX CREDIT AWARD, A 1.5 MILLION CONTRIBUTION FROM THE CITY OF MCKINNEY, AND IS NOW COMPLETE IN 100% OCCUPIED WITH A WAITING LIST. HERE ARE SOME PHOTOS OF PALLADIUM. MCKINNEY. IT'S A BEAUTIFUL PROPERTY. I'M SURE YOU'VE ALL SEEN IT ON VIRGINIA PARKWAY. OUR NEXT DEVELOPMENT COMING UP IS PALLADIUM CRAIG RANCH, WHICH IS A LUXURY MARKET RATE PROPERTY WITH 327 UNITS THAT WE ARE SET TO CLOSE THIS DEVELOPMENT AND BEGIN CONSTRUCTION IN EARLY MARCH. AND THE DEVELOPMENT WE ARE HERE TODAY TO SPEAK ABOUT IS MCKINNEY RANCH SENIOR LIVING. THIS IS OUR NEWEST DEVELOPMENT IN MCKINNEY, AND IT'S TARGETING A NEW MARKET AS AN INDEPENDENT SENIOR LIVING COMMUNITY FOR RESIDENTS AGE 62 AND OLDER. THE SITE IS LOCATED AT 5353 MCKINNEY RANCH PARKWAY ON VACANT LAND THAT'S ABOUT 3.7 ACRES CLOSE TO THE WALMART AND ON A VERY BUSY STREET. WE HAVE RECEIVED A 2025 9% AWARD ALREADY FOR THIS DEVELOPMENT. WE RECEIVED IT IN JULY OF 2025.

THIS COMMUNITY WILL HAVE 109 UNITS IN A MIX OF THREE AND FOUR STORIES, WITH ELEVATORS AND INTERIOR CORRIDORS, AND A FULL AMENITY PACKAGE AS STANDARD IN PALLADIUM DEVELOPMENTS. AND I THINK IT'S VERY IMPORTANT TO NOTE THAT THIS WILL BE THE FIRST AFFORDABLE SENIOR HOUSING DEVELOPMENT FUNDED BY HOUSING TAX CREDITS IN TEN YEARS IN THE CITY OF MCKINNEY. THIS IS OUR PROPOSED SITE PLAN. THIS HAS BEEN APPROVED. IT HAS ALREADY GONE THROUGH ZONING, AS IT DID LAST JULY, AND WAS THOUGHTFULLY DESIGNED THROUGH COMMUNITY MEETINGS WITH NEIGHBORHOODS AND BUSINESSES IN MIND. THERE ARE 81 AFFORDABLE UNITS AND 28 MARKET RATE UNITS. IT IS A MIXED INCOME DEVELOPMENT WHICH WILL HAVE A THOUGHTFUL MIX OF 74 ONE BEDROOMS AND 35 TWO BEDROOM UNITS. THIS ALLOWS US TO SERVE BOTH SINGLE SENIORS

[01:10:01]

THANK YOU FOR YOUR CONSIDERATION, CHAIR FULLER, I DO HAVE A QUESTION. SO THANK YOU FOR THE PRESENTATION. WITHOUT THE SUPPORT OF MCDC, DOES THIS PROJECT NOT HAPPEN? THAT IS CORRECT. THAT IS CORRECT. IT WILL NOT MOVE FORWARD. WE NEED THE SUPPORT.

WE NEED THE 2.5 MILLION, I BELIEVE, IN OUR SUBCOMMITTEE DISCUSSION, WE TALKED ABOUT POTENTIALLY OTHER AVENUES. THOSE AVENUES HAVE COME TO A STANDSTILL. THERE WAS TALKS ABOUT IMPACT FEE WAIVERS THAT WE MAY BE ABLE TO GET FROM THE CITY OF MCKINNEY. THAT IS NOT LOOKING LIKE IT'S HAPPENING. WE'RE NOT GETTING ANY TRACTION. AND SO THIS MONEY IS CRUCIAL TO THIS DEVELOPMENT MOVING FORWARD. AND ANOTHER QUESTION, HAS YOUR TEAM CONSIDERED EVEN LIKE A MIX OF SUPPORT, WHETHER IT'S A SOFT GRANT, SOFT LOAN TO ASSIST? BECAUSE OF COURSE, YOU KNOW, WE HAVE LIMITED YES, ABSOLUTELY. HAS YOUR TEAM CONSIDERED IF IF WE ARE UNABLE TO FUND? YES, WE ARE WILLING TO DO A MIX OF A LOAN, A SOFT REPAYMENT LOAN FROM CASH FLOW, A MIX, THE WHOLE THING, WHATEVER WE CAN DO TO GET THAT 2.5 MILLION, WE ARE OPEN TO WORKING. THANK YOU, THANK YOU. CITY. HOW DO WE PARTICIPATE IN THE PALLADIUM ON VIRGINIA? AND IF WE DID KNOW THAT WAS HOUSING MCKINNEY HOUSING FINANCE, WE PARTICIPATED WITH MHA ON THE REMNANT PROJECT. THANK YOU. WOULD YOU MIND GOING BACK TO THE SLIDE ON OPERATION COMMUNITY CARE? ABSOLUTELY. THANK YOU. THAT'S THE ONE. CAN YOU TALK A LITTLE BIT ABOUT YOUR SENIOR EMPLOYMENT PROGRAMS? ABSOLUTELY. YES. WE ARE THE LADIES WHO RUN AND THE BOARD THAT RUNS OPERATION COMMUNITY CARE. SOME OF THEM ARE SENIORS THEMSELVES AND THEREFORE HAVE A LOT OF KNOWLEDGE ABOUT THE COMMUNITY AND THE AREAS THEY HAVE BEEN FAMILIARIZING THEMSELVES WITH. THE CITY OF MCKINNEY IN WITH THE PALLADIUM MCKINNEY PROJECT. AND THROUGH THAT PROGRAM, THEY EXCUSE ME, THEY ARE MAKING OUTREACH AND TRYING TO FIND OPPORTUNITIES FOR SENIORS THAT MAY JUST NEED A LITTLE BIT OF EXTRA INCOME, WHETHER IT'S PART TIME AT THE WALMART OR THROUGH A NONPROFIT, JUST TO GET OUT THERE AND HAVE SOMETHING TO DO. AND THAT'S PRIMARILY WHAT THEY FOCUS ON. OPERATION COMMUNITY CARE DOES GREAT, GREAT WORK. OKAY. AND

[01:15:07]

WE'LL DO RAFFLES. SO ALL OF THOSE ARE RESOURCES THAT COULD HELP. AND YOU KNOW, WE WON'T REALLY HAVE CHILDREN LIVING ON THE PROPERTY, BUT GRANDPARENTS MIGHT LIVE THERE. AND THEY CAN THEN HELP THEIR GRANDCHILDREN. THIS IS FANTASTIC. THANK YOU. I'VE GOT ONE MORE COMMENT. I KNOW A LOT OF PEOPLE ALWAYS TALK ABOUT THE PROJECT WE SUPPORT AND WHAT IS THAT GOING TO DO FOR THE CITY AND TAX DOLLARS AND ALL THAT KIND OF GOOD STUFF. AND I THINK THAT THIS PROJECT WILL BRING PEOPLE TO VISIT THEIR GRANDPARENTS TO BRING MORE TAX DOLLARS TO MCKINNEY. SO WHATEVER, WE SUPPORT THIS, I JUST JUST KNOW THAT WE KNOW THAT IT IS GOING TO WILL HAVE AN IMPACT ON THE CITY WITH TAX DOLLARS. ABSOLUTELY. AND WE'RE PAYING FULL PROPERTY TAXES SO IT WON'T BE VACANT LAND. IT WILL BE A BEAUTIFUL DEVELOPMENT THAT'S CONTRIBUTING. MAY I ASK, HOW WILL YOU CHOOSE THE INDIVIDUALS THAT QUALIFY FINANCIALLY? I MEAN, I CAN IMAGINE THERE'LL BE A WAIT LIST BEFORE YOU EVEN OPEN IT. SO. SO WHAT WILL THE SELECTION CRITERIA BE? THE SELECTION CRITERIA. IT WILL BE A FULL INCOME VERIFICATION PROCESS WITH BACKGROUND CHECK. IT GOES THROUGH OUR COMPLIANCE DEPARTMENT AND ALSO HAS TO BE VETTED THROUGH TDCA, THE STATE DEPARTMENT AS WELL. IT REALLY WILL BE FIRST COME, FIRST SERVE TO A CERTAIN EXTENT. AS SOON AS WE WILL PROBABLY START PRE-LEASING BEFORE THE DEVELOPMENT IS EVEN COMPLETED AT OUR PALLADIUM MCKINNEY PROPERTY. AND AS SOON AS PEOPLE START SHOWING INTEREST, THEY GET ON THAT WAITING LIST AND IT WILL JUST BE FITTING PIECES INTO A PUZZLE BASED ON WHAT UNIT TYPE THEY QUALIFY ON BASED ON THEIR INCOME. OKAY, AND WHAT KIND OF OUTREACH WILL YOU DO TO MAKE THE COMMUNITY AWARE THAT THIS IS COMING? ABSOLUTELY.

THERE WILL BE SIGNAGE. SINCE WE ARE ALREADY IN THE COMMUNITY, IT WILL BE VERY EASY TO MARKET AT OUR AT OUR PALLADIUM MCKINNEY PROPERTY. I'M SURE OPERATION COMMUNITY CARE MIGHT BE INTERESTED IN ATTENDING SOME EVENTS, LOCAL EVENTS, ESPECIALLY IF THERE'S ANY SENIOR CENTRIC EVENTS THAT WE COULD BE AT AND TABLE WITH A BOOTH AND FLIERS. WE HAVE OUR MANAGEMENT COMPANY IN HOUSE, AND THEY DO GREAT WORK GETTING OUT INTO THE COMMUNITY AND MAKING SURE THAT PEOPLE ARE AWARE. AND I'M SURE PEOPLE WILL SEE IT BEING BUILT AND WE'LL HAVE SOME SIGNAGE RIGHT OUT FRONT. YEAH, I CAN IMAGINE POTENTIAL PARTNERSHIPS WITH OUR SENIOR CENTER HERE. YES. OR THE YOU KNOW, THERE ARE A NUMBER OF CENTERS ON AGING AND MAYBE MEALS ON WHEELS CAN BE A PARTNER THERE. EXACTLY. WE'RE TOTALLY OPEN TO COMMUNITY PARTNERSHIPS TO HELP GET OUR WORD OUT. SO WHEN WE HAVE MET IN SUBCOMMITTEE, YOU HAD HOPED FOR SOME OF MORE RELIEF ON THE IMPACT FEES. YES. HOW MUCH ARE THOSE IMPACT FEES? WE ASKED FOR ABOUT $850,000. THE TOTAL IMPACT FEES ARE OVER A MILLION. I CAN PULL UP THE EXACT AMOUNT.

THAT'S CLOSE ENOUGH. OKAY, OVER A MILLION. SO YOU KNOW MORE ABOUT THESE IMPACT FEES AND SUCH THAN THAN I DO. BUT SO THEY'RE PAYING AN IMPACT FEE AND THEN WE'RE WE WOULD BE POTENTIALLY GRANTING MONEY, WHICH IS THEN GOING BACK TO THE CITY FOR THE PAYMENT OF SOME OF THOSE IMPACT FEES. RIGHT. IF THEY DON'T GET WAIVED. IS THAT ACCURATE? YEAH. I MEAN, IN A ROUNDABOUT WAY, YOU CAN MAKE THAT ARGUMENT IF YOU THINK IN TERMS OF THIS GRANT GOES INTO A BUCKET TO HELP THE PROJECT. AND ONE OF THE EXPENSES OF THAT PROJECT TO I DON'T KNOW IF IT'S A DIRECT REIMBURSEMENT, BUT THEORETICALLY. OKAY. YEAH, THERE'S A IF THERE IS A NUMBER THEY'RE TRYING TO HIT, THERE'S THERE MAY BE SOME DIFFERENT WAYS OF GETTING. YES. EXACTLY.

OKAY. SO ANY POTENTIAL RELIEF ON IMPACT FEES WOULD LOWER YOUR REQUEST TO MCDC OF THE 2.5.

THEORETICALLY, YES. I THINK THERE'S MORE FOR ME TO SAY IT THAN WHAT I DID. YES. OKAY, OKAY. THANK YOU. AND WE HAVE TIME TO EXPLORE THAT A LITTLE BIT. BUT BUT YEAH, WE HAVE NO SAY SO IN THAT PART OF IT. THE OTHER THING IS AND I JUST WANT TO VERIFY FOR BECAUSE THIS WAS A QUESTION I HAD AND I THINK SOME OF THE PEOPLE WATCHING MAY HAVE THIS. WHEN WE'RE TALKING ABOUT A MIXED USE FACILITY FROM DIFFERENT INCOME LEVELS, I THINK IT WAS 28% WOULD BE AT MARKET RATE, RIGHT? AND THEN 72% ARE DIFFERENT LEVELS OF AFFORDABLE HOUSING INSIDE OF THERE. IT'S NOT A THIS UNIT INSIDE THE BUILDING IS FOR THOSE PEOPLE AT 60%. AND THESE THREE UNITS ARE FOR AT 40%. AND HERE'S THE REALLY NICE ONES THAT YOU GET AT THE THE 28% THAT ARE MARKET RATE. RIGHT. IT IS THE SAME THROUGHOUT THE PROPERTY, REGARDLESS OF THE

[01:20:01]

ABSOLUTELY. WE WE HAVE WE HAVE TAX CREDITS WILL NOT ALLOW THAT TO OCCUR. THEY WILL BE MONITORING. WE WILL BE UNDER THEIR COMPLIANCE FOR OUR ENTIRE PARTNERSHIP EXPIRE THE TAX CREDITS WE RECEIVE AN ALLOCATION FOR 15 YEARS IS THE LENGTH OF THE PARTNERSHIP. BUT WE'RE UNDER A LAURA A LAND USE RESTRICTIVE AGREEMENT UNTIL FOR 45 YEARS. SO WE HAVE TO MEET THIS AFFORDABILITY FOR AT LEAST 45 YEARS, LIKELY LONGER. OKAY. SO THOSE ARE THE THAT'S THE THOSE ARE THE STANDARDS THAT HOLD YOU TO THAT FOR THAT LENGTH OF TIME. BECAUSE IF YOU ADJUST THAT RATIO YOU FORFEIT YOUR TAX CREDIT. YES IT WOULD. IT WOULD BE A PROCESS TO EVEN ATTEMPT. MAY I ASK A QUESTION? DO YOU REQUALIFY YOUR TENANTS ON AN ANNUAL BASIS? YES. THEY GET INCOME VERIFIED EVERY YEAR. EVERY YEAR. ANY OTHER QUESTIONS? IF THERE ARE NO MORE QUESTIONS, CHAIR, I'D LIKE TO CLOSE THIS PUBLIC HEARING. WELL, LET ME ASK, IS THERE ANYONE HERE THAT WOULD LIKE TO SPEAK? YEAH. SO THIS IS A PUBLIC HEARING. THANK YOU. CHAIRMAN FULLER, BOARD

[01:25:02]

WE DISCUSSED THE ROADWAY IMPACT FEES AND HOW MUCH DRIVING THE SENIORS REALLY DO AND IMPACT THE ROADS. THE ROAD SYSTEMS ARE ALREADY IN. PATRICK TOOK IT TO STAFF. STAFF. THEIR STATEMENT WAS IT WOULD SET A PRECEDENCE FOR OTHER PROJECTS AND ADVISE THAT WE COME AND SEE MCDC, AND I'M GRATEFUL FOR THAT. BUT I FULLY SUPPORT THE PROJECT. IT'S CLASS A, BUT I SUPPORT THE NEED AND IT'S NOT JUST SENIOR, IT'S AFFORDABLE SENIOR. SO I RESPECTFULLY REQUEST THAT YOU CONSIDER THIS APPLICATION AND APPROVE IT. THANK YOU SO MUCH. THANK YOU SIR. IS THERE ANYBODY ELSE WOULD LIKE TO SPEAK TO THE ITEM? SEEING NONE ENTERTAIN A MOTION TO CLOSE THE PUBLIC HEARING CHAIR. I'D LIKE TO MOVE THAT. WE CLOSE THIS PUBLIC HEARING. I'LL SECOND. PLEASE CAST YOUR VOTES. AFTER THE HASN'T CLEARED. I'M SORRY. YES. THERE WE GO. HERE WE GO. NEXT

[Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Heritage Guild of Collin County (4B26-02) in the Amount of One Hundred Forty-Eight Thousand Five Hundred and No/100 Dollars ($148,500.00) for Site Improvements to Construct Restroom Facilities at Chestnut Square Heritage Village, Located at 315 S. Chestnut in McKinney. Amount Requested Represents 85% of Total Project Cost.]

THEY'RE A NONPROFIT THAT SUPPORTS LOCAL FARMERS AND CONTINUES THAT ENERGY AROUND FARMERS MARKET. IT'S WHERE WE'RE VOTED NUMBER ONE FARMERS MARKET. SO IF YOU TAKE 70 TO 90

[01:30:02]

JUST TO BE ABLE TO SEE WHAT THE COMMUNITY IMPACT AND HOW IT CIRCULATES MONEY BACK INTO OUR ECONOMY. THE FUNDING REQUEST IS TO PROVIDE A NECESSARY IMPROVEMENT FOR THE THRIVING COMMUNITY OF NOT ONLY THE FARMERS MARKET, BUT CHESTNUT SQUARE AND HAVING ADDITIONAL RESTROOM FACILITIES. AS I SAID, THE NEEDS OF MCKINNEY CONTINUE TO GROW AND WE CAN BE A VALUABLE SOURCE FOR IF WE GO UP TO THAT MARATHON, WE COULD BE A RESTROOM STOP OFF RIGHT THERE IN DOWNTOWN MCKINNEY FOR YOU, WHICH MAY BE NEEDED. CURRENTLY, WE HAVE RESTROOMS ON THE SOUTH END OF THE PROPERTY. WE HAVE TWO STALLS, TWO SINKS, AND THEN ONE STALL AND ONE WALL MOUNT WITH TWO SINKS THAT FUNCTIONS THE ENTIRE PROPERTY. SO YOU CAN SEE YOU HAVE TO CROSS ANTHONY STREET IN ORDER TO GET THERE. IF WE HAVE 90 VENDORS ON OUR PROPERTY FROM THIS AERIAL VIEW, YOU CAN IMAGINE HOW NAVIGATING A YOUNG CHILD TO GET TO THE SOUTH END OF THE PROPERTY MIGHT BE A CHALLENGE. AND SO WE'RE LOOKING TO INCREASE OUR RESTROOM FACILITIES HERE ON THE NORTH SIDE OF THE PROPERTY, WHERE WE WOULD BE RIGHT ADJACENT TO COMMON DESK PARKING AND HAVE THE PROPERTY MIRRORED ON BOTH SIDES OF THE PROPERTY. THIS IS A KIND OF A PICTURE VIEW OF WHAT'S CURRENTLY IN THAT LOCATION IN WHICH WE'RE TRYING TO ACCOMMODATE AND PUT THOSE RESTROOMS. PHASE ONE WOULD BE PRECONSTRUCTION SITE PREP AND FOUNDATION UTILITIES, EXTERIOR SYSTEMS, HOPEFULLY FINISHING THIS PROJECT IN AUGUST 30TH. THE NICE PART ABOUT THE LOCATION OF THIS, IT WOULD NOT IMPACT THE FUNCTIONALITY OF THE FARMERS MARKET. WE WOULD BE ABLE TO CONTINUE AND JUST BLOCK OFF THAT AREA THROUGH CONSTRUCTION, WHICH IS SUPER IMPORTANT AS IT WOULDN'T INTERRUPT OUR CONTINUAL FLOW OF THE MARKET.

WE ARE ASKING FOR 148,005 FOR THE TOTAL INVESTMENT OF THE PROJECT BEING ABOUT 175. SOME OF OUR ADDITIONAL RESOURCES ARE COMING FROM OUR COMMUNITY BOOTH SPONSORSHIPS, OUR FARM TO TABLE THAT DIRECTLY GOES BACK INTO THE FARMERS MARKET, AND THEN OUR FARMLAND TRUST AWARD THAT WE RECEIVED FOR OUR NUMBER ONE FARMERS MARKET. JAMES WEST GAVE US HIS IMPACT. IAN HELPED US ON THIS PROJECT WITH A LOT OF PRELIMINARY WORK FOR IN-KIND CONTRIBUTIONS. THIS IS KIND OF AN ELEVATION OF WHAT WE'RE LOOKING AT, CREATING THIS RESTROOM TO BE ABLE TO SERVE THE COMMUNITY, USING OUR TAYLOR IN AS INSPIRATION. AND THEN THIS IS A RENDERING OF WHAT THAT MAY LOOK LIKE. IF YOU LOOK BACK THERE WHERE THE BLACKSMITH SHOP IS, WHERE THE TAYLOR IN, WE WOULD CREATE SOME GRAVEL PATHS THAT WOULD GO TO THE RESTROOMS, CREATING EASY ACCESS IN AND OUT, BEING ABLE TO MANAGE STROLLERS AND FAMILIES AS WELL. WE DID RECEIVE THREE ESSENTIAL BIDS. AND SO YOU CAN SEE FROM A COMMERCIAL PERSPECTIVE, KEEPING IT LOCAL VERSUS VENTURING OUT INTO PLANO. WE'RE RIGHT AROUND THAT 175. WE FEEL LIKE WE COULD ACCOMPLISH OUR GOAL WITH THAT AND WITH THAT, WE STAND FOR ANY QUESTIONS THAT YOU MAY HAVE, AND WE APPRECIATE YOUR CONSIDERATION FOR THIS PROJECT. QUESTIONS? I HAVE A FEW. WHAT DO YOU ESTIMATE WOULD BE THE ONGOING MAINTENANCE COSTS OF THIS NEW BUILDING AND RESTROOM FACILITY? THAT IS A GREAT QUESTION. WE HAVE A LOT OF WE HAVE STAFF ON SITE THAT CURRENTLY DOES THAT. CURRENTLY WE'RE ORIGINAL RESTROOM IS IT REQUIRES A LOT MORE MAINTENANCE.

SO I CAN'T EVEN USE THAT BECAUSE THE WAY IT WAS ORIGINALLY BUILT, THIS IS RIGHT GOING TO HAVE BE OFF OF THE CITY LINES, WHICH I ANTICIPATE IT WILL FUNCTION AND FLOW MUCH BETTER. AND THEN WE I MEAN, AS FAR AS AN ACTUAL NUMBER, I MAY NOT BE ABLE TO GIVE YOU THAT, BUT I CAN TELL YOU THAT IT WILL BE LESS THAN WHAT THE DEMAND WE HAVE NOW CURRENTLY. OKAY. AND I HAVE SEVERAL, BUT ON THAT ON THAT THREAD. WILL IT BE OPEN ALL THE TIME OR ONLY DURING MARKET HOURS? KEEP IT OPEN TO THE PUBLIC THROUGHOUT THE WEEK AND CLOSE IT WHEN THERE'S NO ACTIVITY GOING ON ON THE PROPERTY. BUT WE DO HAVE ACCESS TO IT THROUGHOUT THE WEEK. OKAY, SO THERE WILL BE SOME NUMBER X X VALUE OF ONGOING MAINTENANCE COSTS. THERE'LL BE ADDITIONAL ELECTRICITY AND OPERATIONAL COSTS FOR IT. SO HOW WILL HERITAGE GUILD EMBRACE THAT COST? I MEAN WE WILL ABSORB THAT INTO OUR NORMAL OPERATIONAL EXPENSE AS WE DO THE CURRENT RESTROOM. THAT'S FACILITY ON PROPERTY. I THINK IT'S IMPORTANT TO NOTE THAT WE DO NOT CHARGE OUR VENDORS A, A PERCENTAGE OF THEIR EARNINGS FOR THE YEAR. WE CHARGE A NOMINAL FEE OF $35 A WEEK, WHICH REALLY ONLY YIELDS ABOUT 80,000 TO $90,000 TO CHESTNUT SQUARE. SO IT'S NOT A MONEY MAKING FACTOR. IT'S MORE OF A COMMUNITY IMPACT AND SOMETHING THAT WE'RE DOING TO SERVE THE COMMUNITY. AS MANY OF THESE VENDORS TRULY SPEND THEIR

[01:35:03]

THAT CERTAINLY SOMETHING THAT WE COULD DO TO GET INSIGHT FROM THE CITY GOING WITH OUR THREE BIDS IN TERMS OF WHAT IT LOOKS LIKE FROM THE BEGINNING TO END. WE WERE UP TO 330,000, GOING WITH A VERY STRATEGIC COMMERCIAL COMPANY VERSUS KEEPING IT LOCAL AND RESIDENTIAL AND SUPPORTING OUR LOCAL CONSTRUCTION WORKERS. IT LOOKED TO BE ABOUT 175. OKAY.

ACTUALLY, WE WE DID HAVE THAT QUESTION WITH THE 2 MILLION PART. THE GROVES. AND YOU ANSWERED THAT ONE. AND I BELIEVE THAT RESTROOM WAS OVER 200,000. AND YOU CAME BACK AND SAID, YEAH, THAT'S ABOUT ON PAR. SO I THINK IF YOU LOOK AT THE IN-KIND FROM JAMES WEST AND FROM IAN, I THINK YOU GET TO THE 200 BECAUSE I DID NOT INCLUDE THAT 20,000 IN THAT 175 NUMBER. SO IF YOU LOOK AT THE IN-KIND DONATION THAT THEY'RE MAKING, WE GET TO THAT 200.

OKAY. WE'RE AT THAT FARMERS MARKET PRETTY MUCH EVERY SATURDAY. UNDERSTAND THE OPPORTUNITY TO HAVE IT THERE. I THINK YOU MAY ACTUALLY BE ABLE TO RETAIN PEOPLE LONGER ON SITE WITH THAT TO HAVE A BETTER EXPERIENCE. I DIDN'T KNOW YOU WERE ONLY CHARGING $35 FOR THE VENDOR, SO THAT'S REALLY A NICE SERVICE FOR THE COMMUNITY. SO THAT'S MY ONLY COMMENT. MY QUESTION IS THIS IS WHAT 8,085% OF THE TOTAL COST? HAVE YOU GUYS GONE OUT TO YOUR BOARD MEMBERS OR DONE ANY OTHER FUNDRAISING YOURSELF FOR THIS PROJECT? ABSOLUTELY. SO THE SPONSORSHIPS COME FROM OUR MARKET, AND THEN WE HAVE THE FARM TO TABLE WHERE WE HAVE SPONSORS AND WE GATHER SPONSORS FOR OUR FARM TO TABLE BEING OUR BIG INITIATIVE TO SUPPORT THE FARMERS MARKET. THIS PROJECT IS MY HOPE RIGHT NOW THAT WE'LL CONTINUE TO BE ABLE TO PURSUE THIS. ANYTHING WOULD MAKE A HUGE DIFFERENCE. WE'LL CONTINUE TO PURSUE. SHORT OF TAXING ALL OUR INDIVIDUALS TO USE THE RESTROOM. CURRENTLY THAT MIGHT BE AN OPTION, BUT AT THE MOMENT, THIS IS WHERE WE STAND WITH INCOME FROM SPONSORSHIPS AND FROM GATHERING FUNDS. YEAH, IT'S A GREAT PROJECT. I THINK IT'D BE KIND OF COOL IF YOU PUT IT OUT THERE THAT THIS IS WHAT WE'RE WANTING TO DO, AND SEE IF YOU CAN'T GET DONATIONS ON YOUR OWN ON THAT WAY. I MEAN, ANY, ANY AMOUNT WOULD BE FANTASTIC. ABSOLUTELY. THE COMMUNITY SPONSORSHIP THAT WE OFFER EACH WEEK, THOSE FUNDS DIRECTLY GO INTO THIS FUND. SO ANYBODY, ANYTIME A VENDOR REFERS SOMEONE TO SPONSOR THE MARKET FOR THAT WEEK, THEY KNOW THEIR FUNDS ARE GOING DIRECTLY INTO THIS PROJECT. CAN YOU CLARIFY JUST FOR EVERYBODY, THE $35 FEE FOR THE VENDORS, THAT'S A ONE TIME FEE FOR THE SEASON, OR THAT'S A WEEKLY FEE, A WEEKLY FEE. AND I MEAN, THIS WOULD BE PRETTY OUT OF THE BOX, I WOULD IMAGINE. BUT, YOU KNOW, TENANTS IN A IN A TYPICAL SHOPPING CENTER PAY LIKE A COMMON AREA MAINTENANCE FEE, RIGHT? THERE'S THERE'S SOMETHING THERE FOR LANDSCAPING OR LIGHTING. YOU KNOW, THAT FEE JUST SEEMS SO LOW RELATIVE TO THE THE SALES. YOU'RE SAYING THAT, YOU KNOW, 4 MILLION OR $5 MILLION ANNUALLY IN SALES ARE GENERATED COLLECTIVELY FROM ALL OF THE VENDORS. AND, YOU KNOW, $35 PER WEEK JUST SEEMS LOW NOW TO HAVE THIS EXTRA AMENITY WHERE PEOPLE MAY STAY LONGER, MAY SPEND MORE MONEY, YOU KNOW, MAYBE JUST SOMETHING TO THINK ABOUT. ABSOLUTELY. WE UPPED OUR FEE OVER THE COURSE OF THE LAST TWO YEARS SINCE I'VE BEEN THERE BY $10. SO WE HAVE INCREASED OUR FEE. MANY OF OUR VENDORS HAVE BEEN THERE FOR 15 YEARS, AND THEY'RE ALL ENTREPRENEURS AND THEY'RE ALL NON-CONFORMISTS. SO YOU CAN IMAGINE THE ENERGY OF RAISING A FEE THAT THEY'VE PAID FOR MANY, MANY YEARS. IT WAS QUITE DAUNTING JUST TO TAKE IT TO 35, BECAUSE WE DO FEEL THAT IT IS A SERVICE AND THEY HAVE GIVEN BACK AND THEY'VE BEEN A PART IN GOOD SEASON AND BAD SEASON, SO WE WANT TO HONOR THAT. BUT WE HAVE CONSIDERED GRANDFATHERING PEOPLE IN AND MAYBE CONSIDER RAISING FEES FOR THE FUTURE. IT'S JUST NOT SOMETHING WE WERE READY TO COMPLETELY PULL THE PLUG ON YET. FRISCO MARKET IS ABOUT $40, SO WE'RE JUST UNDER THAT. AND THEY DO PAY A $5 SOCIAL MEDIA FEE THAT CAN GET THEM HIGHLIGHTED ON OUR SOCIAL MEDIA FEED AS WELL, WHICH IS CONTINUED TO GROW OVER THE YEARS. THANK YOU.

ALL RIGHT. THIS IS A PUBLIC HEARING. IS THERE ANYONE THAT WOULD LIKE TO SPEAK TO THIS ITEM? ALL RIGHT. IS THERE A MOTION TO CLOSE THE PUBLIC HEARING? MOTION TO CLOSE IT A SECOND? TO SLOW? MOTION PASSES. NEXT ITEM 260071. CONDUCT A PUBLIC HEARING AND CONSIDER AN

[Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Presidium Group, LLC, (4B26-04) in an Amount of Thirteen Million Six Hundred Thirty-Four Thousand Six Hundred Thirty-Eight Dollars and 49/100 Dollars ($13,634,638.49) for Infrastructure Improvements Related to Development of The Cotton Mill District, Located at 610 Elm Street in McKinney, Texas. Amount Requested Represents 71.3% of Infrastructure Cost for the Project.]

[01:40:11]

BUT MOST IMPORTANTLY FOR THIS PROJECT, WE HAVE DEEP MIXED USE EXPERIENCE INTEGRATING RESIDENTIAL, RETAIL, OFFICE AND PUBLIC SPACES, OFTEN IN PARTNERSHIP WITH MUNICIPALITIES.

THAT EXPERTISE POSITIONS US VERY WELL TO EXECUTE A DISTRICT SCALE REDEVELOPMENT LIKE THIS.

HERE IS A SAMPLING OF OUR WORK PRIMARILY IN TEXAS AND THE SUNBELT MARKETS. ACROSS THESE PROJECTS, YOU'LL SEE A FOCUS ON PLACEMAKING, ON WALKABILITY, ON INFRASTRUCTURE DRIVEN DEVELOPMENT, THE SAME PRINCIPLES GUIDING THE COTTON MILL DISTRICT. THIS IS REALLY THE CORE OF WHY WE'RE HERE. THE PROPOSED INFRASTRUCTURE DIRECTLY ALIGNS WITH NCDC'S MISSION ACROSS MULTIPLE STATUTORY GOALS JOB CREATION. THE ECONOMIC IMPACT STUDY ESTIMATES OVER 2800 NEW JOBS WILL BE CREATED ACROSS CONSTRUCTION, RETAIL, OFFICE, HOSPITALITY AND OPERATIONS, BUSINESS CREATION. EXISTING UTILITIES IN THE DISTRICT SIMPLY CANNOT SUPPORT ANY MEANINGFUL NEW DEVELOPMENT OR ANY BUSINESS EXPANSION, INCLUDING WITHIN THE HISTORIC COTTON MILL ITSELF. THE PHASE ONE INFRASTRUCTURE CREATES THE FOUNDATION FOR BUSINESSES TO LOCATE HERE, TO GROW AND TO OPERATE SUCCESSFULLY. PARKS, OPEN SPACE AND COMMUNITY FACILITIES. BY PAIRING THE HISTORIC COTTON MILL. EXCUSE ME.

THESE IMPROVEMENTS WILL ENABLE PUBLICLY ACCESSIBLE PARKS AND GATHERING SPACES THAT SERVE RESIDENTS, WORKERS AND VISITORS ALIKE, AMENITIES THAT SIMPLY CANNOT EXIST WITHOUT ADEQUATE UTILITIES, TOURISM AND DESTINATION CREATION. BY PAIRING THE HISTORIC COTTON MILL WITH NEW INFRASTRUCTURE AND PLACEMAKING, THIS DISTRICT BECOMES A TRUE DESTINATION.

SIMILAR IN CONCEPT TO THE PEARL DISTRICT IN SAN ANTONIO, IT'S A PLACE PEOPLE WILL TRAVEL TO, NOT JUST SOMEWHERE WHERE THEY CAN LIVE AND WORK AT. AND FINALLY, INCLUSIVE HOUSING.

PHASE ONE INCLUDES A SIGNIFICANT AFFORDABILITY COMPONENT, WITH 45% OF THE UNITS AT 80% AMI AND 5% AT 30% AMI. THIS IS BEING COORDINATED DIRECTLY WITH THE MCKINNEY HOUSING AUTHORITY. THIS INFRASTRUCTURE INVESTMENT DOESN'T JUST SUPPORT ONE SINGLE PROJECT, IT UNLOCKS THE ENTIRE DISTRICT AND ADVANCES THE MCDKS DEVELOPMENT GOALS IN COMPREHENSIVE AND LASTING WAYS. WE HAVE BEEN WORKING ON THIS PROJECT FOR SEVERAL YEARS NOW.

WE'VE RECEIVED SITE PLAN APPROVAL TWICE AT THIS POINT, AND WE'RE HOPING TO FINALIZE ANY DEVELOPMENT AGREEMENTS, WHETHER IT'S WITH MCDC OR OTHER VARIOUS OR GROUPS WITHIN THE CITY OF MCKINNEY. START CONSTRUCTION IN JULY OF THIS YEAR AND FINISH IN Q1 OF 2027.

THE ENTIRE PROJECT BUDGET IS ROUGHLY $19.1 MILLION. PRESIDIUM IS CONTRIBUTING $1 MILLION TOWARDS THE HARD COST, ITSELF $1 MILLION TOWARDS THE DESIGN, AND THEN CLOSE TO HALF $1 MILLION IN LAND VALUE FOR A REGIONAL DETENTION FACILITY. THAT'S A $2.5 MILLION CONTRIBUTION FROM US. THE CITY HAS ALSO EXPRESSED AN INTEREST IN CONTRIBUTING THROUGH THEIR CIP PROGRAM. WE ARE ASSUMING THAT CONTRIBUTION IS $3 MILLION. SO THE REQUEST TO THE MCDC IS 13.6 MILLION. THIS SITE PLAN ILLUSTRATES WHAT THE PHASE ONE INFRASTRUCTURE WILL BE AND THE AREAS THEY SERVE. THESE ARE TRUE DISTRICT SERVING IMPROVEMENTS, NOT PROJECT SPECIFIC ONES WITH BUT ONE SMALL EXCEPTION THIS INFRASTRUCTURE IS NEEDED TO

[01:45:02]

HERE ARE SOME RENDERINGS THAT SHOW WHAT THE DISTRICT CAN LOOK LIKE. ACTIVATED STREETS, PUBLIC GATHERING SPACE, ADAPTIVE REUSE, AND A STRONG PEDESTRIAN ENVIRONMENT. WITH THE COTTON MILL AS THE BACKGROUND, THIS BECOMES A TRUE DESTINATION, DRAWING RESIDENTS FROM ACROSS MCKINNEY AND VISITORS FROM THROUGHOUT TEXAS AND BEYOND. THIS TYPE OF PLACE SIMPLY CANNOT EXIST WITHOUT THE INFRASTRUCTURE WE ARE DISCUSSING TODAY. THE ECONOMIC IMPACT STUDY PROJECTS $826 MILLION IN TOTAL IMPACT OVER THE NEXT 20 YEARS 192 OF THAT IS COMBINED TAX REVENUES THAT STAY IN MCKINNEY. BUT BEYOND THE NUMBERS THIS PROJECT SERVES AS A CATALYST SIGNALING TO INVESTORS, DEVELOPERS, RETAILERS AND OTHERS WHO DRIVE ECONOMIC GROWTH THAT MCKINNEY IS A PLACE WHERE INVESTMENT CAN SUCCEED. I CAN STOP, I THINK.

HOW MANY SLIDES DO YOU HAVE LEFT? ONE. JUST GO TO THE LAST SLIDE. I TRIED TO GET IT UNDER FIVE MINUTES AS HARD AS I CAN. IN CLOSING, WE HAVE THE RIGHT SITE, WE HAVE THE RIGHT TEAM, WE HAVE THE RIGHT PLAN. WE HAVE THE UTMOST CONFIDENCE THAT THAT WITH MCDKS PARTICIPATION, THIS PROJECT WILL BE SUCCESSFUL. HOWEVER, WITHOUT THE INFRASTRUCTURE SUPPORT, WE CAN ALL BUT GUARANTEE THAT IT WON'T MOVE FORWARD AND THIS DISTRICT WILL SIT EMPTY AND REMAIN UNDEVELOPED FOR YEARS. SO WE RESPECTFULLY ASK FOR YOUR PARTNERSHIP IN HELPING US TO CREATE A DISTRICT THAT GENERATES JOBS, DRIVES ECONOMIC GROWTH, AND BECOMES A SOURCE OF PRIDE FOR MCKINNEY. THANKS AND HAPPY TO ANSWER ANY QUESTIONS. SO I'M GOING TO START WITH COMMENT BECAUSE I THINK IT'S A LITTLE MISLEADING. IT SAYS THAT YOUR REQUESTING 71.3% OF INFRASTRUCTURE COSTS FOR THE PROJECT. AND YOU'VE YOU'VE MADE SOME STATEMENTS THAT CLARIFY, BUT IN THIS WORDING IT SAYS FOR THE PROJECT, I UNDERSTAND CERTAINLY IN MY BUSINESS DEVELOPER AND DEVELOPER ADRIATICA AND OTHER AREAS IN THIS CITY AND OTHER CITIES, THIS REPRESENTS FOR THE MOST PART, THERE'S SOME THERE'S SOME THAT I WOULD NOT CONSIDER OFF SITE, BUT MOST OF THIS IS OFF SITE INFRASTRUCTURE, OFFSITE UTILITIES. SO WHEN WE TALK ABOUT 71% OF INFRASTRUCTURE COSTS FOR THE PROJECT, I WOULD SAY MORE SPECIFICALLY, IT SHOULD BE 71% OF INFRASTRUCTURE COSTS FOR THAT REGION, FOR THAT, FOR THAT AREA, THAT THAT'S BEYOND THIS PROJECT SPECIFIC, THE BENEFIT, THE NEED FOR THAT INFRASTRUCTURE. AND I KNOW THAT YOU'VE STATED THAT, BUT IN THE WORDING, SOMEBODY JUST READING THAT, IT IT KIND OF DEFINES IT FOR THE PROJECT. I'D ALSO SAY FOR ME, SOMEONE THAT LIVED THROUGH AS MAYOR SB SIX, OUR INABILITY TO ANNEX. YOU KNOW, WHEN I FIRST WAS ELECTED MAYOR, I LOOKED AT OUR CITY AT THAT TIME, 60 ISH, 65MI■!S OF INCORPORATED CITY LIMITS, 110 CITY BOUNDARY. WE WERE GOING TO TAKE IN THE OTHER 40, 45 ACRES, EXCUSE ME, SQUARE MILES THAT WOULD ULTIMATELY COME IN WITHIN THE CITY OF INCORPORATED AREA, PAYING TAXES, CONTRIBUTING TO PARKS, STREETS, ROADS, POLICE, FIRE, ON AND ON. ENHANCING QUALITY OF LIFE. THAT'S NO LONGER THE CASE. SO I LOOK AT THE SIDE AND I THINK JUST IF I'M TALKING FROM COTTON MILL TO FLOUR MILL, WE'RE UP A LITTLE BEYOND THAT. WE'RE TALKING ABOUT PROBABLY 2500 TO 3000 ACRES OF OPPORTUNITY LAND FOR DEVELOPMENT AND, AND THAT ARE ALREADY THAT'S ALREADY IN THE CITY LIMITS. RIGHT. THAT'S THAT'S, THAT'S THAT WILL WHAT WE'VE SEEN AT TUBBS, WE'VE SEEN AT CITY HALL, ALBEIT THIS, OF COURSE, A MUNICIPAL BUILDING, MUNICIPAL BUILDING, NOT PAYING TAXES, BUT IT'S REPRESENTATIVE REPRESENTATIVE OF THE DEVELOPMENT THAT CAN HAPPEN. AND AS THE AIRPORT HAPPENS, THIS IS PRIME AREA THAT FOR DEVELOPMENT. BUT IT LACKS THE INFRASTRUCTURE AT ALL FOR ANY.

THERE IS NO FIRST GUY IN THAT'S GOING TO BE ABLE TO SUPPORT THE INFRASTRUCTURE. SO I SEE IT FROM THAT STANDPOINT AND I JUST I GUESS MY COMMENT IS HOW IT'S WORDED HERE. INFRASTRUCTURE COST FOR THE PROJECT. I PREFER TO SEE THAT INFRASTRUCTURE COST FOR THAT WHOLE ENTIRE AREA. I KNOW THAT WE HAVE A COTTON MILL THAT'S GOT, IF I'M SPEAKING INCORRECTLY IN PUBLIC COMMENTS, WE OPEN THE PUBLIC HEARING. SOMEBODY CORRECT ME. CASEY, CORRECT ME IF I'M WRONG, BUT I BELIEVE THAT IT'S CLOSE TO A QUARTER OF 1,000,000FT■!S, LEAST 220,000FT■!S IN THE COTTON MILL THAT CANNOT BE CANNOT BE LEASED, CANNOT BE FINISHED OUT BECAUSE THERE'S NOT ENOUGH FIRE FLOW.

[01:50:03]

SO I AGREE WITH YOU. THANK YOU. CAN YOU GO BACK TO YOUR ASK SLIDE THE BUDGET. AND I KNOW FROM THE SUBCOMMITTEE THE QUESTIONS WERE YOU ABLE TO GET WITH PRESIDENT SCHNABEL TO IDENTIFY THOSE ELIGIBLE COSTS. HAS THAT WAS THAT DONE BEFORE WITH THAT? NO, I CAN ANSWER.

LET ME JUST SAY THAT WE ARE JEFF IS HERE, RIGHT. OUR CITY ATTORNEY ATTORNEY. WE'LL WE'LL WE'LL BE DISCUSSING AFTER THIS MEETING. EXECUTIVE SESSION. WHAT IS WHAT IS ELIGIBLE? OKAY.

FROM THEIR PERSPECTIVE OKAY. THANK YOU. YEAH. MY QUESTION IS LIKE WE'LL ASK ALL APPLICANTS.

YOU'RE ASKING FOR THE 13 OR 13 MILLION AND SOME CHANGE. WOULD YOU ACCEPT ANY OF THAT IN FORMS OF A LOAN FROM US? I THINK WE'RE WILLING SIMILAR TO THE PALLADIUM PROJECT TO, YOU KNOW, WHATEVER IS DETERMINED TO BE THE BEST PATH FORWARD. WE'RE HAPPY TO DISCUSS IT. AND I WOULD SAY AT THIS POINT, NOTHING IS OFF THE TABLE. OKAY. AND THEN THE OTHER QUESTION, JUST COMMENT WAS ON THAT ONE SLIDE THAT HAD ALL YOUR PROJECTS. YES. YEAH. THE ONE THAT THE COTTON MILL THIS IS MCKINNEY, TEXAS, NOT DALLAS, JUST FYI. OH YEAH. I WANT TO TAKE BACK ALL MY COMMENTS FROM BEFORE. I KNOW WE WERE TALKING ABOUT DALLAS. I THOUGHT WE WERE TALKING ABOUT MCKINNEY. YEAH, THAT'S WHAT I WAS THINKING TOO. YEAH. SO YEAH, I WANT TO RETRACT EVERYTHING I SAID. I HAVE A QUESTION. WILL BE, HAVE YOU GONE TO DALLAS? WHEN WILL YOU BE PRESENTING THERE? YES, TO BE FAIR, DALLAS CDC, WE NEVER MIND. WE JUST GIVING YOU A HARD DISK. JUST JOY IS A QUESTION. I HAVE A QUESTION. IT'S ONE OF THOSE THINGS THAT'S JUST RIGHT IN FRONT OF YOUR FACE AND YOU DON'T SEE IT. IT'S KIND OF LIKE ARLINGTON AND JERRY WORLD, YOU KNOW WHAT I'M SAYING? THEY CALL IT APOLOGIES EVERYBODY. THAT'S RIGHT. COULD YOU COULD YOU ADVANCE THE SLIDE PLEASE? THAT SHOWS THE RENDERINGS. YES. OKAY. SO FOR THOSE WHO ARE NOT PRIVY TO THE LARGER PACKET, COULD YOU JUST GIVE LIKE A 30 OR 45 SECOND SUMMARY OF WHAT IS EXACTLY ENVISIONED THERE THAT WILL BRING PEOPLE AND GENERATE SALES TAX REVENUE? OKAY. SO IF YOU DON'T MIND, I'M GOING TO GO BACK TO THE SITE PLAN BECAUSE I THINK THAT WILL HELP. OR SO RIGHT NOW THE TO I'M JUST GOING TO COMMENT ON CHAIR FULLER'S.

[01:55:05]

OKAY, SHEILA, DOES THIS SHOW UP ON THE BIG SCREEN WON'T REALLY SHOW UP ON THE BIG SCREEN.

SORRY. WELL, IF YOU SEE ANDERSON STREET AND ELM STREET, THAT IS ESSENTIALLY THE THE, THE COTTON MILL AND THE SURROUNDING LAND OF THE COTTON MILL. YOU GUYS MIND IF I. OKAY, SO WITHIN THAT WE HAVE, IN CONJUNCTION WITH THE CASEY FAMILY, DISCUSSED THE EXPANSION, YOU KNOW, BASICALLY EVERYTHING ON THE WEST SIDE OF THE BUILDING AND SPEAKING WRONG HERE IS NOT HAS NOT BEEN BUILT OUT. IT'S SITTING VACANT. SO I KNOW THEY ARE ACTUALLY STARTED CONVERSATIONS WITH ARCHITECTS TO ADD A HOTEL. AND THE ULTIMATE BUILD OUT WILL INCLUDE APPROXIMATELY 200 250,000FT■!S F ADDITIONAL RETAIL AND COMMERCIAL SPACE THAT WILL BE AT EITHER THE COTTON MILL, INSIDE THE COTTON MILL ITSELF, OR THE PARCELS JUST TO THE SOUTH OF IT, KIND OF BETWEEN THE COTTON MILL AND ANDERSON STREET. AND THEN IN ADDITION TO THAT, WE HAVE SITE PLANNED FOR 200,000FT■!S OF OFFICE SPACE, AD THAT WILL TAKE PLACE AT THE NORTHEAST CORNER OF ELM AND HIGHWAY FIVE, AND THEN ON AND THEN THE BLOCK THAT IS BETWEEN SCOTT, FOWLER, ANDERSON AND CLARK IN OUR SITE PLAN THAT IS SLATED TO BE, YOU KNOW, THREE AND FOUR STORY OFFICE. AND THEN THE WHERE YOU SEE THE FUTURE PHASE ONE MULTIFAMILY THAT AND THE THE THE PARCEL TO THE LEFT AND THE TWO TO THE SOUTH ARE SITE PLANNED FOR ROUGHLY 1100 MULTIFAMILY UNITS, TWO OF THEM BEING WHERE ONE OF THEM BEING A TRADITIONAL REP AND TWO OF THEM BEING SEVEN STORY PODIUMS. AND THEN ON THE BOTTOM HAVE 27 TOWNHOMES. SO IT IS A TRUE MIXED USE DISTRICT, BUT THAT IS WHERE ALL THE POTENTIAL PROPERTY TAX, SALES TAX AND SCHOOL TAX REVENUES ARE GOING TO COME FROM. OKAY, SO JUST TO RECAP, TOWNHOMES, MULTI-FAMILY DWELLINGS, POTENTIAL FOR HOTEL OFFICE SPACE, RETAIL AND OTHER COMMERCIAL USE. BUT THE EXISTING COTTON MILL, LIKE THE WEDDING VENUE WHERE MILL HOUSE OPERATES, THAT HISTORIC PORTION WILL BE PRESERVED. THE OVERTAKEN THE NO. THAT WILL BE PRESERVED OKAY. AND SO THE ENTIRE FACADE, THE HISTORIC PORTION OF THE FACADE, WILL REMAIN IN PLACE AND THE WORK WILL HAPPEN ON THE INSIDE. SO, I MEAN, I'VE USED THE PEARL DISTRICT AS KIND OF THE EXAMPLE OVER AND OVER AGAIN IN VARIOUS DISCUSSIONS. BUT ESSENTIALLY YOU HAVE THE BREWERY AS THE BACKDROP WITH ALL THIS BRAND NEW INFRASTRUCTURE, BRAND NEW MIXED USE DEVELOPMENT THERE.

THAT'S THE THAT IS THE PLAN. THAT IS THE. THAT'S YOU KNOW, WE DON'T WANT TO COPY THAT, BUT THAT PRESENTS A TEST CASE WHERE WE KNOW, OKAY, THAT'S REALLY SUCCESSFUL. SO IF WE CAN DO SOMETHING SIMILAR TO THAT HERE, WE THINK IT WILL BE SUCCESSFUL. OKAY. SO THIS ASK US FOR THE INFRASTRUCTURE WHICH REGARDLESS OF THE ULTIMATE PURPOSE NEEDS TO BE DONE FOR ANYTHING TO DEVELOP. BUT THERE COULD BE POTENTIAL DOWN THE LINE. YOU ALL COME BACK TO MCDC FOR PARTICULAR PROJECT ASPECTS AS THIS EVOLVES. I'M NOT GOING TO SAY NO, THAT COULD HAPPEN. YEAH, OKAY. INFRASTRUCTURE, IT WON'T HAPPEN. SURE. UNDERSTOOD. THEN THE PROJECT, IS THAT GOING TO AFFECT THE MILL HOUSE OR ANY OTHER? NO, IT SHOULD NOT. OKAY. SO THANK YOU FOR THE PRESENTATION AND THE TIME YOU SPENT DURING SUBCOMMITTEE. SO WENT THROUGH SOME OF THIS. MAKE SURE THAT I HAVE THIS UNDERSTANDING CORRECT. RIGHT. SO BASICALLY A PORTION OF OUR CITY THAT WAS ALL THE INFRASTRUCTURE WAS BUILT A LONG TIME AGO. AND THAT INFRASTRUCTURE CANNOT SUPPORT REALLY MUCH BEYOND WHAT'S THERE NOW, WHICH IS SOME OF THE EMPTY LOTS. RIGHT? I MEAN, I THINK, GEORGE, YOU SAID THAT THERE'S NOT EVEN ENOUGH WATER PRESSURE FOR THEM TO, TO EXPAND INSIDE. SO BECAUSE THEY CAN'T HAVE HIGHER FLOW FOR FIRE PROTECTION.

[02:00:05]

OKAY. BUT SOME OF THE SLIDES IN THE PRESENTATION WERE TALKING ABOUT ECONOMIC VALUE. AND REALLY AFTER ALL OF THOSE THINGS ARE DEVELOPED, WHICH COULD BE FIVE, TEN YEAR PLAN.

WELL, THE ECONOMIC IMPACT STUDY SHOWS A 20 YEAR POTENTIAL 20 YEAR PLAN. OKAY. SO A LOT OF THE PROJECTS THAT WE DO, WE TALKED EARLIER ABOUT THE J.W. MARRIOTT. RIGHT. SO SO THE HOTEL RIGHT. SO THAT WAS $25 MILLION GRANT, BUT IT'S SUBJECT TO THE COMPLETION OF THE ENTIRE THING. SO THIS REQUEST IS REALLY JUST ABOUT THE PORTION THAT'S UNLOCKING THE POTENTIAL.

THAT ECONOMIC IMPACT IS NOT NECESSARILY CONTRACTUALLY A PART OF OUR GRANT. IT'S UNLOCKING THE ABILITY FOR THESE THINGS TO HAPPEN. BUT WE'RE NOT SAYING THEY HAVE TO BE COMPLETED IN ORDER TO ACTUALLY GET THE GRANT MONEY. RIGHT. AND SO THERE'S JUST A THERE'S THERE'S A LITTLE BIT OF A DIFFERENCE BETWEEN SOME OF THE WAY THAT WE'VE DONE SOME PROJECTS AND WHAT WE'RE LOOKING AT HERE. AND AND I GET THAT, I MEAN, I GET THAT IT'S UNLOCKING A POTENTIAL FOR AN AREA, BUT THERE'S NOT NECESSARILY GUARANTEES THAT THAT DEVELOPMENT DOES OCCUR. AND SO I'D BE LOOKING FOR AT SOME POINT, MAYBE SOME TRYING TO FIGURE OUT HOW WE COULD SAY, OKAY, THERE'S GOING TO BE SOMETHING THAT COMES THAT SAY, YEAH, OKAY, THERE WILL BE A CERTAIN AMOUNT OF RETAIL, THERE WILL BE A CERTAIN AMOUNT OF THE THINGS THAT WE CAN FUND THAT, THAT WE CAN DO. SO THAT'S AM I CORRECT, GEORGE, YOU HAVE A MUCH BETTER UNDERSTANDING THE DEVELOPMENT OF THIS AREA. YOU'VE BEEN INVOLVED, AWARE OF THIS PROJECT FOR MANY YEARS. IS THAT ACCURATE? I COULD ARGUE I COULD, I COULD, I COULD GIVE A ARGUMENT FROM EITHER SIDE OF THE TABLE. RIGHT. AND ONE IS VERY VALID. WHAT YOU JUST SAID IF IF WE'RE LOOKING AT THIS AS A AN INVESTMENT IN INFRASTRUCTURE, BECAUSE WE GOT A GROUP SAYING THAT THEY'RE GOING TO DO THIS, THIS, THIS, THIS AND THIS, BUT THEN THIS, THIS AND THIS AND THIS DOESN'T ALL HAPPEN. YOU KNOW, IS THERE IS THERE AN ARGUMENT TO BE MADE THAT THERE SHOULD BE A CLAWBACK OR THERE SHOULD BE, OR IT'S STAGED OR THERE'S A LOT OF ARGUMENTS YOU CAN MAKE? I WOULD SAY, SINCE I JUST USED THE WORD MYSELF, STAGE THIS, I'LL ARGUE AGAINST THAT RIGHT AWAY. LAST THING THAT I WOULD WANT TO SEE HAPPEN IF I WERE THE DEVELOPER AS THE CITY, AS RESIDENTS AND OTHER BUSINESSES THERE WOULDN'T WANT TO SEE INFRASTRUCTURE, I'M GOING TO TAKE A WILD GUESS AND SAY THAT RIGHT NOW. IF YOU'RE ASKING IF THIS INFRASTRUCTURE, A LOT OF THIS MAJORITY OFF SITE IS $19 MILLION, THAT YOU DON'T ACTUALLY NEED ALL THIS INFRASTRUCTURE TO ACHIEVE WHAT YOU'RE WANTING TO ACHIEVE FOR PHASE ONE, YOU COULD PROBABLY SPEND 5 OR 6 MILLION. I'M TAKING A WILD GUESS AT THAT NUMBER, BUT IT'S GOING TO BE SOMETHING AROUND THAT PRO RATA SHARE. PROBLEM WITH THAT, OF COURSE, IS TO DO THAT. YOU'RE GOING TO PUT ALL THAT IN, THE ROADS ARE GOING TO GO IN, AND THEN THE MOMENT THE NEXT DEVELOPMENT COMES IN, OR ANY OTHER DEVELOPMENT THAT WOULD HAVE BENEFITED FROM THIS, THIS INFRASTRUCTURE FOR THAT DISTRICT IS TEARING UP THOSE SAME ROADS, TEARING UP THE SAME THING. SO WE GO FROM A SIX INCH LINE TO AN EIGHT INCH LINE TO A 16 INCH LINE. OUR STORMWATER GOES FROM, YOU KNOW, EVERY CATEGORY I CAN GO TO. SO THAT TO ME DOESN'T MAKE SENSE. THE OTHER SIDE FROM WHAT CHRIS SAID AND I AND I THAT'S A VERY VALID, YOU KNOW, DISCUSSION POINT WOULD BE THAT WHERE WE'RE WHERE THIS PROJECT DIFFERS. AND AS HE STATED, IT'S DIFFERENT THAN A J.W. MARRIOTT OR ANOTHER PROJECT THAT WHEN WE LOOKED AT THAT PROJECT, THAT PROJECT CAME TO US WITH A NUMBER OF VERY UNIQUE CIRCUMSTANCES. IT WAS A PROJECT COMMITTED TO AGAIN AND BEGAN PRE-COVID, PRE-RECESSION PRE-CONSTRUCTION COSTS 3,040%, SOME SECTORS MORE INTEREST RATES DOUBLING THE MARKET, DOUBLING THE THE BANKS WILLINGNESS TO LOAN IN HOSPITALITY IN GENERAL. SAME IN OFFICE SPACE. SO MANY MARKET CONDITIONS CHANGED THAT THERE TO BE ABLE TO GET THAT PROJECT DONE TO MEET AN IRR. FOR THOSE WHO KNOWS INTERNAL RATE OF RETURN FOR ANY INVESTMENT GROUP TO LOOK AT FOR THE EQUITY NEEDED TO ACHIEVE THAT TYPE OF PROJECT, THERE WAS THE GAP. THAT GAP WASN'T WASN'T ONE THAT HAD A THIS HUGE PERCENTAGE OR THAT PROJECT. THE GAP TO FUND THAT PROJECT WASN'T ONE BORN OUT OF SO MUCH OFFSITE INFRASTRUCTURE. SO TWO VERY DIFFERENT KIND OF ANIMALS. AND AND THIS THIS IS A UNIQUE PROJECT AND THAT WE ARE TALKING ABOUT A PLACE IN OUR CITY. RIGHT. THAT THAT J.W. IS RIGHT OFF OF 121. NOT RIGHT ON 121, BUT YOU GOT YOUR HIGHWAYS AND ALL THE INFRASTRUCTURE IS BUILT AND YOU HAVE STORMWATER, YOU HAVE YOU HAVE THAT SYSTEM ALL IN PLACE. NONE OF THAT EXISTS

[02:05:01]

NO IT'S GREAT CONVERSATION A DIFFERENT THIS IS UNLOCKING POTENTIAL AND THAT'S THE REQUEST. BUT THERE'S ALSO RISK IN THAT. SO THERE'S ABSOLUTELY RISK. I GUESS THE POINT I WAS TRYING TO GET AT IS BUT LET'S TALK IF WE DO THIS INFRASTRUCTURE. BUT LET'S TALK ABOUT THAT RISK BECAUSE I UNDERSTAND WHAT YOU'RE SAYING. YOU'RE YOU'RE SAYING RISK IS MAY I FINISH. YEAH. PLEASE. SO IF WE FUND THIS INFRASTRUCTURE IMPROVEMENT WITH THE POTENTIAL FOR THE ITEMIZATION THAT WE WALK THROUGH, POTENTIAL HOTEL, COMMERCIAL SPACE, MULTIFAMILY, ETC. THAT'S A THAT'S A PROSPECT, RIGHT? BUT AT THE COMPLETION OF ALL THIS INFRASTRUCTURE, THAT LAND NOW BECOMES A LOT MORE VALUABLE. AND NOW IT'S DONE. NOW IT REALLY COULD BE ANYTHING AND YOU COULD SELL THAT, AND SOMEONE ELSE COULD COME IN AND DEVELOP IT INTO SOMETHING MAYBE THE CITY DOESN'T WANT OR THAT WE DON'T FEEL WE NEED, OR THAT MIGHT BE A MONSTROSITY, OR IT COULD BE ANY NUMBER OF THINGS, RIGHT? MAYBE SOMETHING BETTER, MAYBE SOMETHING WORSE. BUT YOU MAY NOT EVEN BE THE DEVELOPER WHEN THIS IS DONE. POTENTIALLY, IF THE IF THE VALUE OF THE LAND IS INCREASED SO HIGH, I MEAN, THERE'S RISK THERE TOO. LIKE WE DON'T WE DON'T NECESSARILY KNOW WHAT WE'RE GETTING OTHER THAN OF COURSE, THAT ANYONE COMING HAS TO ZONE HAS TO ZONING PLAN.

SURE ZONING GOES THROUGH IT BUT BUT AND SO THAT'S HOW WE WOULD MAINTAIN IT STILL DEVELOPED, WHICH IS WHAT WE'RE DOING TO UNLOCK THE KEY TO UNLOCK THAT AREA FOR DEVELOPMENT. SO IT'S NOT JUST IT'S NOT JUST THIS PROJECT, IT'S IT COULD BE ANYTHING. RIGHT? I MEAN, ALL THE WAY BACK TO THE AIRPORT. RIGHT. BUT BUT TO YOUR POINT, THAT'S A GREAT POINT. BUT TO YOUR POINT, WE WHETHER IT'S THEM OR NOT, THE WAY I AT LEAST THE WAY I LOOK AT IT, I LOOK AT IT AS THAT, THAT LET'S SAY THEY BUILD PHASE ONE AND THEN, YOU KNOW, COVID TWO HITS WHATEVER RECESSION THERE. IT JUST DOESN'T WORK OUT. THEY LEAVE THAT INFRASTRUCTURE IS THERE.

THE NEXT DEVELOPER HAS GOT TO STILL COME BACK AND PRESENT WHAT THEY WANT TO BUILD, WHAT THEIR PROJECT IS. THERE'S THEY'RE GOING TO BE PAYING IMPACT FEES AND WHATNOT, WHERE AGAIN, MAYBE IT'S NOT REIMBURSING TO THE COFFERS OF THIS. BUT I ALWAYS LOOK AT, YES, WE'RE AUTONOMOUS AT THE SAME TIME. WE'RE, WE'RE WE'RE MULTIPLE ORGANIZATIONS UNDER THE UMBRELLA OF THE CITY TRYING TO. YEAH, TRYING TO STEER. I GUESS JUST WHAT I'M LOOKING FOR IS AND I THINK YOU ALLUDED TO THIS EARLIER, IS YOU CAN LAY THE WATER LINES, THE PIPES AND EVERYTHING THAT THAT WOULD BE FITTED AND APPROPRIATE FOR WHAT IS PROPOSED, THE HOTEL AND SO FORTH. BUT WHEN YOU DO THAT, YOUR PROSPECTING FOR THAT. BUT IF THAT DOESN'T ULTIMATELY COME AND IT'S TEN YEARS DOWN THE LINE, THEN YOU MAY HAVE TO DO IT A DIFFERENT WAY, BECAUSE WHAT WANTS TO COME NOW DOESN'T NEED THE INFRASTRUCTURE IT WAS BUILT FOR, RIGHT? MAYBE IT WASN'T THE RIGHT PIPES, MAYBE IT DOESN'T HAVE SIGNIFICANT WATER PRESSURE. AND THEN THEN YOU HAVE TO DO IT AGAIN. SO I GUESS WHAT I MAYBE WHAT CHRIS WAS GOING FOR IS LIKE, IS THERE A WAY TO KIND OF TIE THIS IN SOME WAY TOWARDS THE COMPLETION OF WHAT HAS BEEN PROSPECTED VERSUS JUST LAY IT DOWN TO UNLOCK POTENTIAL WITHOUT KNOWING WHAT THAT POTENTIAL IS? AND THERE'S THIS RISK OR NOTION THAT WHATEVER IS MAY NOT BE SUITED FOR WHAT WE BUILT

[02:10:04]

BUT THE CITY MADE A BIG INVESTMENT. RIGHT. WE BUILT THAT. I REMEMBER I HAD A SPORTS CAR AT THE TIME THAT I WOULD TAKE FLYING DOWN AND DO A, YOU KNOW, THE DONUTS IN THE MIDDLE OF THAT BIG, HUGE, WIDE OPEN INTERSECTION. IT WAS A LOT OF FUN. I WAS AN IMMATURE KID BECAUSE I'M ONLY I'M ONLY 30 NOW, SO I WAS LESS THAN ONE YEARS OLD AT THE TIME. BUT I REMEMBER, YOU KNOW, THAT THAT THAT'S JUST TALKING ABOUT INFRASTRUCTURE THAT A CITY GOES IN AND INVESTS. AND AT THAT POINT, OF COURSE, THERE WAS NO WE DIDN'T KNOW WHAT WAS GOING TO BE BUILT, BUT WE KNEW THAT THAT INFRASTRUCTURE NEEDED TO BE THERE FOR GROWTH. WE KNEW THAT, OF COURSE, THE WHAT WOULD HAPPEN. WE HAVE A BITE AT THAT APPLE AS THEY COME IN AND COME IN TO ZONE TO TO WITH SITE PLAN ZONING, PDS. IF THERE IS PDS AND AND WE SIT THEN AND DOES IT MEET THE REQUIREMENT. RIGHT. IF I WOULD IMAGINE THAT WITH ALL THAT INFRASTRUCTURE THAT WE PUT IN PLACE, IF IF PEOPLE WHAT CAME IN WAS, YOU KNOW, A DONUT SHOP EVERY, EVERY TWO ACRES CITY, WE SAID, NO, THAT'S NOT YOU MAKE THIS INVESTMENT FOR DONUT SHOP EVERY. SO I, I HEAR YOU AND IT'S VERY THIS IS GREAT DISCUSSION. I JUST KNOW THAT WE ARE SITTING ON THOUSANDS OF ACRES OF INFRASTRUCTURE AND ROADS THAT WERE BUILT WHEN THERE WERE NO CURBS, THERE WAS NO STORMWATER. THERE WAS NO THERE WASN'T NEED FOR FIRE ACCESS, INGRESS EGRESS. THERE WASN'T FIRE SPRINKLER SYSTEMS. THERE WASN'T ALL OF THE THINGS THAT WE'VE PUT IN PLACE OVER THE YEARS, VERY CORRECTLY, FROM SAFETY TO TO ESTHETIC. NONE OF THAT WAS BUILT TO ACCOMMODATE THAT. SO HERE WE ARE FACED AS A CITY AGAIN. WE MADE THE DECISION HERE. WHY. WELL, WE HAVE THE CHECKBOOK. SO WE DID WHAT WE NEEDED TO DO TO MAKE THIS HAPPEN. WHY? WELL, WE BELIEVE THIS WOULD BE A CATALYST PROJECT AND SERVE THIS. AND PEOPLE WOULD EXTEND OUT. SO I LOOK AT IT THAT WAY. BUT TO YOUR POINT, GREAT DISCUSSION. WE'RE BETTING ON OURSELVES.

IT'S $13 MILLION REQUEST. AND THE QUESTION TO US IS BECAUSE THERE'S NOT SPECIFIC REVENUE ATTACHED TO THIS, WE'RE BETTING ON OURSELVES TO SAY, DO WE BELIEVE. THAT THIS AREA OF MCKINNEY WILL HAVE THE NEED FOR DEVELOPMENT, WILL HAVE THE DEMAND FOR PRODUCTS THAT ARE THERE AN AREA NOT FAR FROM OUR OWN DOWNTOWN, AN AREA BETWEEN DOWNTOWN AND THE AIRPORT? RIGHT.

SO IT'S A BET ON DO WE THINK THIS IS A DEVELOPABLE AREA? ONCE WE DO THIS? AND I UNDERSTAND THAT, BUT I'M COMFORTABLE WITH THAT BET. I'M I'M NOT SAYING THE DOLLAR AMOUNT I'M FULLY COMFORTABLE WITH. I'M NOT SAYING THAT WE SHOULDN'T HAVE SOME KIND OF CLAWBACKS OR ANYTHING ELSE THAT WE MIGHT WANT TO ADDRESS, BUT DO I BELIEVE THAT MCKINNEY IS A IS A A PLACE WHERE I AM WILLING TO PUT MY INVESTMENT MONEY, IN THIS CASE, THE CITIZENS INVESTMENT MONEY? THIS IS RIGHT BETWEEN SOME OF THE BIGGEST JEWELS OF THE CITY. I GET THAT HOW THAT LOOKS, WHAT THAT LOOKS LIKE, WHAT KIND OF PROTECTIONS WE CAN PUT IN PLACE. THOSE ARE SOME THINGS I'D LIKE TO GET. YEAH. WE NEED TO HAVE ALL THAT DISCUSSION AND EDC, EDC FUNDS AVAILABLE FOR ANY PORTION OF THIS. I DON'T THINK THEY'VE GONE TO EDC THAT'S STILL OPEN PROSPECTING. WE HAVE NOT GONE TO EDC. WE'VE HAD PRELIMINARY DISCUSSIONS WITH THEM, AND THOSE MAINLY REVOLVED AROUND THE OFFICE. I MEAN, BECAUSE THEY HAVE TOLD US IN THE PAST, I DON'T KNOW IF IT'S STILL THE CASE THAT MCKINNEY WAS SHORT OF OFFICE SPACE. SO THAT'S WHY WE INCLUDED THE 200,000FT■!S IN OUR SITE PLANNING. BUT TO. TO ADDRESS YOUR POINT, WE ALREADY HAVE INTEREST FROM OUTSIDE CAPITAL. WE HAVE A TERM SHEET FOR OUR FIRST PHASE OF MULTIFAMILY. WE'VE SIGNED. WE HAVE AN INVITATION TO SUBMIT A FIRM LOAN APPLICATION TO HUD.

SO THE INTEREST IS ALREADY THERE. AND WHAT IS RIGHT NOW A VERY TOUGH MARKET FOR MULTIFAMILY. SO IF THE INTEREST IS IN THE PROJECT NOW. AS THINGS IMPROVE FROM A CAPITAL MARKET STANDPOINT, WE ONLY SEE THAT GROWING OVER TIME. BUT WE NEED TO START SOMEWHERE. AND YOU KNOW, TO YOUR POINT, GOING IN AND PUTTING IN WHAT WE NEED FOR THE FIRST PHASE OF MULTIFAMILY IS PROBABLY IN THE NEIGHBORHOOD OF $6 MILLION, BUT THAT IS A SHORTCUT, AND WE WILL HAVE TO COME BACK AND TEAR UP ROADS TO PUT THE WATER LINES IN, TO SERVE THE COTTON MILL, AND TO PUT THE WATER LINE OR THE FOWLER EXTENSION IN TO GET THE TRAFFIC FROM THE HOTEL OFF THE

[02:15:02]

SO ARE YOU JUST HUMOR ME OR WAS MY GUESS? NO, YOU WERE RIGHT ON. I MEAN, WE'VE WE'VE WE'VE ASKED OUR ENGINEERS TO SAY, HEY, WHAT IS THE MINIMUM WE NEED TO DO TO GET THIS STARTED? AND THEY'VE TOLD US LIKE, WELL, THIS JUST DOESN'T MAKE ANY SENSE BECAUSE WE'RE GOING TO HAVE TO COME BACK IN AND TEAR ALL THIS BACK UP AND DISRUPT THE LIVES OF PEOPLE LIVING IN OUR BUILDING, WHICH WE DON'T WANT TO DO. AND MASSIVELY INCREASE THE COST. SORRY IF YOU DID THIS IN STAGES.

IT'S NOT 13 MILLION. OH YEAH, IF WE DID FIVE AND FIVE AND FIVE AND FIVE, IF WE DID IT IN STAGES, I COULD SEE THIS GROWING BY 50% VERY EASILY. BECAUSE YOU'RE PUTTING IN A NEW ROAD, THEN YOU'RE TEARING OUT A NEW ROAD AND YOU'RE PUTTING IN A NEW ROAD. RIGHT? AND IF YOU DO, THAT'S THE REASON FOR THE FOR THE TOTAL, YOU KNOW. YEAH, YEAH. YOU KEEP TALKING ABOUT THE DISTRICT. YOU'RE NOT JUST TALKING ABOUT THIS PARTICULAR PARCEL. YOU'RE TALKING ABOUT THAT WHOLE I'M TALKING ABOUT EVERYTHING THAT GETS TO TIE INTO THAT NORTHEAST. WEST. YEAH.

IF YOU LOOK AT I'D LIKE TO UNDERSTAND THAT FROM WHAT I'M TRYING TO GET TO THAT INCLUDE NEW DEVELOPMENT THAT COULD POSSIBLY GO ON ONCE THE AIRPORT GETS OPENED, IT WILL IT GO BACK THAT FAR? HOW FAR EAST DOES IT SUPPORT? YEAH. THERE IS A POTENTIAL FUTURE DEVELOPMENT AREA. IT'S IT'S SLIGHTLY OUTLINED JUST TO THE LEFT OF THE REGIONAL DETENTION FACILITY AND ALSO TO THE NORTH OF ELM STREET. WE DO THINK THIS OPENS UP THE CAPACITY FOR DEVELOPMENT, BUT THOSE ARE PRIVATELY OWNED HOMES IN MOST CASES. SO I DON'T WANT TO COME OUT AND SAY, YOU KNOW, NOW YOUR HOME CAN BE TURNED INTO A COFFEE SHOP OR SOMETHING. BUT WE, YOU KNOW, OUR ENGINEERS THINK THE CAPACITY WILL EXPAND TO GO A LITTLE FURTHER WEST AND A LITTLE FURTHER NORTH, BUT NOT EAST. SORRY, NOT EAST TOWARDS THE AIRPORT? NO, NOT EAST TOWARDS THE AIRPORT. MOST OF THE DEVELOPMENT TOWARDS THE AIRPORT IS PROBABLY MAXED OUT RIGHT NOW IN TERMS OF THE UTILITY REQUIREMENTS FOR IT. SO IT'S NOT LIKE WE'RE GOING TO IMPROVE THE CAPACITY FURTHER EAST OR FURTHER SOUTH, BUT IT DOES IMPROVE ON THE EAST SIDE OF OF WHAT YOUR BORDER ROAD THERE. PUCKETT WHAT'S THAT POCKET IS WHERE THE DART THING SAYS. YEAH. THE DART LINE. OKAY OKAY. THANK YOU. ALL RIGHT. THIS IS A PUBLIC HEARING. DOES ANYONE LIKE TO SPEAK TO THIS ITEM AND CHAIR FULLER BEFORE MR. ROEDER COMES UP? I DO WANT TO JUST SHARE THAT. OF COURSE, THIS THIS PROJECT HAS BEEN BROUGHT TO LIKE THE SUBCOMMITTEE MULTIPLE TIMES, AND WE MULTIPLE TIMES KIND OF GO BACK, REIMAGINE, DO SOME.

YOU KNOW, ONE OF THE BIGGEST THINGS THAT WE WANTED THE, THE TEAM TO DO WAS TO VISIT WITH THE COMMUNITY THAT WAS THERE, THE LEADERS IN THE COMMUNITY KNEW SOME HOMES, WHICH IS RIGHT ACROSS THE STREET. THE RESIDENTS WHERE YOU WILL HAVE THEY WILL HAVE THE MOST IMPACT OF THIS DEVELOPMENT, AND I DO APPRECIATE THE TEAM THEN GOING AND HAVING KIND OF THOSE SESSIONS AND MEETINGS. THERE WERE SEVERAL MEETINGS WITH STAKEHOLDERS IN THAT COMMUNITY, AND FOR THE MOST PART, IF I CAN RECALL, AND DEBORAH CAN CHIME IN, THAT THERE WAS SUPPORT, MANY OF THE RESIDENTS IN THOSE IN NEWSOME HOME, THEY DON'T HAVE KIND OF A THERE IS REALLY NO RECREATIONAL SPACE FOR THEM JUST TO KIND OF WALK OVER AND TO KIND OF HAVE COMMUNITY. I THINK THIS CATALYST WILL ALSO BRING THOSE INDIVIDUALS OUT. WHO MANY OF THOSE IN NEWSOME HOMES ARE SENIORS, AND GIVE THEM AN OPPORTUNITY TO, YOU KNOW, ENGAGE AND JUST KIND OF BE, YOU KNOW, BE PART OF THE COMMUNITY AND IMPROVING THE QUALITY OF LIFE. DEBORAH, I KNOW YOU WERE AROUND IN A PART OF SOME OF THOSE SESSIONS AND CONVERSATIONS. IF YOU WANT TO SHARE ANY COMMENTS. YEAH. AND I THINK THAT AT THAT TIME, AGAIN, A LOT OF THE CONCERN WAS WITH THE SENIORS AND THE HEIGHT, BUT I THINK THAT IT WAS IN A TIME FRAME WHEN THINGS WERE UNSURE, WHEN THERE WAS A LOT OF UNCERTAINTY. BUT I THINK WITH A LOT OF THE DEVELOPMENT THAT'S ALREADY COME, SOME MINDS HAVE CHANGED AND ARE CERTAINLY OPEN. SO AGAIN, I SUPPORT IT AND I THINK SOMETIMES TOO, AND THIS IS MAYBE LIKE A VERY RUDIMENTARY COMMENT, BUT WHEN YOU'RE USED TO HAVING INFRASTRUCTURE, IT'S NOT A BIG DEAL. THIS IS A BIG DEAL FOR THOSE WHO HAVE NOT HAD INFRASTRUCTURE. SO I THINK THAT IT'S SOMETHING THAT WE SHOULD MOST CERTAINLY AS A BOARD CONSIDER AND THAT WE ADDRESS JOYCE QUESTIONS AND THAT WE,

[02:20:06]

[02:25:02]

MY NAME IS MCCALL CASEY. I'M A CO-OWNER OF THE COTTON MILL, SO JUST KIND OF WANT TO GIVE A LITTLE BIT MORE DETAIL ON, LIKE, OUR FAMILY'S PASSION FOR THE BUILDING AND ITS HISTORIC VALUE TO THE CITY OF MCKINNEY HAVING TO RESIDENTS OF MCKINNEY INVEST IN THE BUILDING TO CREATE INFRASTRUCTURE. WAY BACK IN 1910, MY DAD BOUGHT THE BUILDING IN 1996, WHICH WAS HONESTLY KIND OF COINCIDENTAL TO SEE A 30 YEAR TIMELINE OF CDC ACCOMPLISHMENTS AND PARKS ACCOMPLISHMENTS OVER THOSE YEARS. BUT I DIDN'T SEE THE COTTON MILL IN IT, AND I WOULD LOVE TO SEE THE COTTON MILL A PART OF THAT VIDEO ON THAT 60 YEAR REUNION, WHEN YOU KIND OF LOOK BACK AT THE ACCOMPLISHMENTS THAT THE CITY HAS MADE ON PRESERVING SUCH A HISTORICAL BUILDING THAT'S BEEN AROUND FOR SO LONG, AND WE'VE BEEN WORKING ON IT FOR 30 YEARS, DILIGENTLY. I MEAN, HIGH SCHOOL SUMMERS, I WAS SPENT MOWING THE FIELDS TO THE SOUTH OF THE HISTORIC BUILDING, AND WE STILL MOW THOSE FIELDS TODAY. SO I REALLY THINK THAT THE TIME IS NOW TO DEVELOP THIS HISTORIC BUILDING, BRING IT BACK TO LIFE, AND TO REALLY MAKE THAT NEXT STEP. WE REALLY NEED THIS INFRASTRUCTURE TO CONTINUE DEVELOPING THE HISTORIC BUILDING IN ITSELF, OUR FIRE SUPPRESSION SYSTEM, AS YOU BROUGHT UP, GEORGE, IS KIND OF AT MAX CAPACITY. SO WE NEED TO BRING IN A NEW RISER ROOM FOR US TO TO DEVELOP UP THIS, THE 66,000FT■!S THAT IS WAS THE WEAVING ROOM FOR THE BUILDING. IF YOU HAVEN'T BEEN BY THE COTTON MILL, WE PRESERVE ALL THE HARDWOOD FLOORS. WE PUT ALL THE OLD MACHINERY BACK INTO THE BUILDING. WE HOUSE NON-PROFITS, WE HOUSE STARTUP BUSINESSES, CREATORS, ARTISTS, CULTURAL MINDED PEOPLE THAT KIND OF PROVIDE ALMOST A MINI COMMUNITY WITHIN THE BUILDING. SO JUST ASK FOR Y'ALL'S CONSIDERATION THAT THIS IS A LEGACY PROJECT FOR THE CASEY FAMILY, AND WANT TO MAKE SURE THAT WE PUT IT IN THE RIGHT HANDS BY WORKING WITH PRESIDIUM. AND THANK YOU, THANK YOU, THANK YOU. ANYBODY ELSE? DAVID CRAIG, 6850 TPC DRIVE, SUITE 104. I WASN'T GOING TO SPEAK, BUT THERE'S BEEN SO MUCH SAID, I THOUGHT, SINCE I DO THIS FOR A LIVING, I SHOULD JUST INTERJECT AND GIVE SOME CLARITY. FOUNDED THE COMPANY IN 1980. SINCE 1980, I'VE BEEN LOOKING FOR A SITE ON THE EAST SIDE OF MCDONALD STREET. I'VE HAD SEVERAL PROPERTIES BUT HAVE ALWAYS SOLD THEM, AND THE REASON FOR THAT IS THE EAST SIDE HAS WHAT I CALL OLD BONES.

KIND OF LIKE ME, RIGHT? I'M OLD AND GOT OLD BONES IN ORDER TO DEVELOP ON THE EAST SIDE. THE SAME THING THAT HAPPENED AT CITY HALL AND THE CITY TOOK THE INITIATIVE AND PAID FOR IT, WAS TO REPLACE THE INFRASTRUCTURE. AND IT'S NECESSARY. IT WILL HAVE TO HAPPEN FOR ANYTHING TO BE DEVELOPED ON THE EAST SIDE. AND THAT'S WHAT'S PREVENTED ME FROM DEVELOPING ON THE EAST SIDE THUS FAR. SEEMS TO ME, THOUGH, IN LISTENING TO EVERYBODY'S PRESENTATION, THIS IS ABOUT HISTORICAL PRESERVATION. THIS IS ABOUT REDEVELOPMENT AND REVITALIZATION OF THE EAST SIDE. AND I THINK THAT'S PRETTY SPECIAL. THAT'S OUR HISTORY. SO I JUST WANTED TO GIVE MY $0.02. THANK YOU. THANK YOU SIR. CHAIR, I HAVE A QUESTION. BECAUSE, YOU KNOW, WE HAVE A LOT OF QUESTIONS AS TO. HAVE THEY TAPPED INTO EDC, HAVE THEY TAPPED INTO THE TOURS AND THINGS LIKE THAT? DO WE LEAVE THIS OPEN? BECAUSE IF WE CLOSE THE PUBLIC HEARING, BUT THEN WE'RE STILL WANTING TO DO SOME ADDITIONAL DIGESTING. DO WE

[02:30:09]

NOT REOPEN. DON'T REOPEN UNLESS THERE WAS A MOTION TO REOPEN. OKAY. SO WE CAN WE CAN HAVE A MOTION. OKAY. THANK YOU. AND I JUST WANT TO CLARIFY SOMETHING BECAUSE I MADE A COMMENT ON SQUARE FOOTAGE. YOU MADE A COMMENT THAT DIFFERED FROM WHAT I SAID. WHAT YOU'RE REFERRING TO IS THE COMPLETELY UNDEVELOPED PORTION THAT'S THERE. NOW, WHAT I WAS REFERRING TO IS THE OVERALL ALL THE SQUARE FOOTAGE THAT CAN'T BE REPURPOSED TO HIGHEST AND BEST USE CAN'T TO CONVERT TO A HOTEL TO THIS OR THAT. THOSE ARE THE THINGS THAT I'M TALKING ABOUT HOLISTICALLY. WHEN I TALKED ABOUT, YOU KNOW, OVER 200,000FT■!S, YOU'RE REFERRING O JUST WHAT'S CURRENTLY HAS NO DEVELOPMENT WHATSOEVER. SO FOR ANYONE WONDERING WHY THE DISCREPANCY IN FOOTAGES, I'M REFERRING TO THE THE REDEVELOPMENT INTO SOME OF THE GRAND PLANS THAT HAVE BEEN DISCUSSED AND WE HOPE TO SEE HAPPEN. OKAY. IS THERE A MOTION TO. CLOSE OR DO WE WANT TO KEEP THIS PUBLIC HEARING OPEN AGAIN? IT CAN BE REOPENED. CAN IT BE REOPENED ONLY BY OUR MOVEMENT TO VOTE BY A VOTE OF THE BOARD? YEAH. WELL, MOTION SECOND VOTE.

YEAH. BUT IF IT WERE NOT ON THE AGENDA NEXT MONTH AND WE WANTED TO HEAR BACK ON PROGRESS PURSUING EDC, FOR EXAMPLE, ONE OF US WOULD HAVE TO MAKE A MOTION TO REOPEN DISCUSSION AT REOPEN THE PUBLIC HEARING, OPEN PUBLIC HEARING. I'D LIKE TO SEE THE POSSIBILITY OF AN EDC CONTRIBUTION. AND I THINK HAVING AN UNDERSTANDING IF THAT'S ON OR OFF THE TABLE. SO WHATEVER IS GOING TO ALLOW FOR THAT TO BE MORE SEAMLESS WOULD BE MY PREFERENCE. SO IT SOUNDS LIKE MAYBE KEEPING IT OPEN ALLOWS FOR THAT BECAUSE WE CAN KEEP IT OPEN. AND THEN NEXT MONTH, BEFORE WE TAKE AN ACTION, WE CAN CLOSE, THEN TAKE ACTION. CORRECT? YES. OKAY. SO I'D LIKE TO MAKE A MOTION TO KEEP THE PUBLIC HEARING OPEN. OKAY. YOU DON'T HAVE TO MAKE A MOTION. WE DON'T HAVE TO MAKE DOESN'T REQUIRE. IT DOESN'T REQUIRE OKAY. THANK YOU. ALL RIGHT.

[Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by the Collin County History Museum (4B26-05) in the Amount of Thirteen Thousand Three Hundred and NO/100 Dollars ($13,300.00) for Building and Archive Preservation Projects Including Window Tinting and Interior Repairs and Painting at the Museum Located at 300 East Virginia Street in McKinney. Amount Represents 100% of Total Project Cost.]

[02:35:03]

LISTED IN 1983. OUR APPLICATION FOR A 2026 PROJECT GRANT REQUESTS TWO LINE ITEMS FROM MCDC TO RESTORE THIS MAGNIFICENT BUILDING. THE FIRST IS FOR REPAIRS AND PAINTING IN FOUR AREAS OF THE BUILDING THAT HAVE SUFFERED WATER DAMAGE FROM WATER LEAKS IN THE ROOF. THIS FIRST SLIDE IS A PHOTO OF THE CEILING IN OUR BEAUTIFUL ENTRYWAY. AS YOU WALK INTO THE BUILDING, THESE THREE HISTORIC LIGHTS HAVE WATER DAMAGE AROUND THEM, AND THE QUOTE WE REQUESTED IS TO REPAIR AND PAINT ONLY IN THE DAMAGED AREAS AROUND THE AREA, INSTEAD OF THE ENTIRE CEILING AND ROOM. THIS IS THE CEILING IN OUR MAIN GALLERY THAT NEEDS TO BE REPAIRED AND PAINTED IN. OUR QUOTE IS JUST FOR THE CEILING. THIS IS OUR RESEARCH ROOM AND ARCHIVES ROOM. IT NEEDS REPAIRS AND PAINT. OUR QUOTE IS FOR THE PAINTING TO BE DONE FOR THE ROOM. SINCE THIS ROOM HAS NOT BEEN PAINTED AND HAS BEEN SUBJECT TO UV LIGHT, WHICH IS A TOPIC OF OUR OUR NEXT ITEM. THE SECOND LINE ITEM IS OOPS! THIS IS OUR ARCHIVES ROOM AND THE DAMAGE IS ON THE CEILING AND COMES DOWN THE WALL. AND OUR QUOTE IS FOR THE WHOLE ROOM.

OUR SECOND LINE ITEM IS FOR TINTING THE WINDOWS IN THE RESEARCH AND LIBRARY ROOM. THIS IS THE ONLY ROOM IN THE MUSEUM THAT HAS NOT BEEN TINTED, AND DAMAGE TO THE ARTIFACTS IN THE BUILDING IS NOT REVERSIBLE FROM UV RAYS. THE BUDGET WE ARE ASKING FOR IS $13,300. WE HAVE TWO QUOTES FOR EACH LINE ITEM. FOR OUR PAINTING QUOTE, WE WENT WITH THE LOWER BILL AS THEY HAVE ROOTS IN MCKINNEY AND HISTORIC PRESERVATION EXPERIENCE FOR TINTING. QUOTE.

WE DID GO WITH THE SLIGHTLY HIGHER BID, SINCE THIS IS THE COMPANY THAT DID ALL THE OTHER WINDOWS IN THE MUSEUM, AND WE ARE COMFORTABLE WITH THE QUALITY OF WORK AND THEIR UNDERSTANDING OF NEEDING MUSEUM QUALITY TINTING, OUR PROJECT TIMELINE IS THAT WE WILL DO OUR BEST TO WORK AROUND DAYS. WE ARE OPEN TO CREATE THE LEAST IMPACT TO OUR VISITORS, AND OUR GOAL IS TO BEGIN AS SOON AS POSSIBLE. SHOULD WE BE AWARDED THIS GRANT? AND OUR ORGANIZATIONAL IMPACT IS OUR MUSEUM DOES NOT HAVE THE FUNDS TO MAKE THESE REPAIRS, AND SHOULD WE BE FORCED TO PAY FOR THESE REPAIRS, IT WILL IMPACT THE EXPERIENCES WE CAN OFFER OUR VISITORS, WHICH EVENTUALLY IMPACTS THE VISITORS TO THE CITY OF MCKINNEY. OUR IMPACT ON THE CITY OF MCKINNEY IS THE MUSEUM FEELS THAT THIS BUILDING KEEPING THIS BUILDING IN WORKING PROPER ORDER, SHOWS THE PUBLIC THAT WE RESPECT THE HISTORY AND LEGACY OF THIS BUILDING, JUST AS WE RESPECT THE ARTIFACTS THAT HAVE BEEN ENTRUSTED WITH OUR CARE IN THE STATE OF TEXAS, MUSEUMS BRING OVER 7.3 BILLION TO THE STATE ECONOMY. SO JUST AS MUSEUMS ARE IMPORTANT ACROSS THE STATE OF TEXAS, I BELIEVE OUR MUSEUM IS IMPORTANT TO MCKINNEY AND CHANGES TO OUR PROGRAMING, EXHIBITS, ETC. THAT IMPACT OUR VISITS DUE TO MUSEUM DAMAGE WILL ALSO HAVE AN IMPACT ON THE CITY OF MCKINNEY. ECONOMIC DEVELOPMENT. THANK YOU. I WILL NOW STAND FOR QUESTIONS. WELL STATED. ANY QUESTIONS SEEMS TO BE AN EASY ONE. OKAY, SO THIS PAINTING WILL BE TO REPAIR THE CEILING AND MAKE IT MORE ESTHETICALLY PLEASING. WHAT HAS BEEN DONE TO CURE THE WATER LEAK THAT CAUSED THE DAMAGE? THE COUNTY ACTUALLY OWNS THE BUILDING. WE LEASE THE BUILDING FROM THE COUNTY AND WE HAD THEM OUT LAST MONTH TO MAKE SURE THAT ALL LEAKS THAT WE HAD REPORTED HAD BEEN TAKEN CARE OF. THEY I HAVE A REPORT THAT SAYS THAT THEY DID A THREE HOUR WATER TEST ON THE ROOF, AND WE SAW NO LEAKS. THEY SAW NO LEAKS.

SO AS OF RIGHT NOW, WE ARE CONSIDERED OURSELVES FREE. OKAY. SO AND WE ARE WORKING WITH A HISTORIC PRESERVATION PERSON TO SEE IF THERE'S ANY OTHER HISTORIC PRESERVATION WORK THAT CAN BE DONE ON THE BUILDING. AND WE WOULD WORK WITH THE COUNTY ON THAT SINCE IT IS THEIR BUILDING, BUT THAT WOULD BE IN THE FUTURE. RIGHT NOW, WE'RE JUST TRYING TO MITIGATE ANY INTERNAL DAMAGE AND KEEP THINGS, BECAUSE RIGHT NOW, I MEAN, EVEN THOUGH THERE'S NO LEAKAGE, I WALK IN THE RESEARCH ROOM AND THINGS ARE JUST CRUMBLING FROM THE CEILING. AND SO IT'S IT IS RATHER EMBARRASSING WHEN PEOPLE WALK IN AND THEY'RE LOOKING AND THE

[02:40:03]

HAVE YOU GUYS GONE OUTSIDE TO FIND ANY OTHER FUNDING? WE. UNFORTUNATELY, THE WAY OUR LEASE IS WRITTEN IS THAT WE ARE NOT ALLOWED TO FUNDRAISE FOR THINGS LIKE THIS. WE ARE ALLOWED TO FUNDRAISE FOR OPERATIONAL COSTS. SO WE ARE WE ARE WORKING TO DO FUNDRAISERS.

SO IF THERE ARE THINGS SUCH AS OUR MEMBERSHIPS AND DONATIONS THAT ARE NOT SPECIFIC, THAT IF WE HAD TO DO SOMETHING LIKE, YOU KNOW, DO SPECIFIC REPAIRS LIKE THE THAT WE COULD HELP COVER IT, BUT WE ARE WE ARE STILL, YOU KNOW, TRYING TO TO PUT THESE THINGS TOGETHER. SO OUR OUR BUDGET IS VERY TINY RIGHT NOW, VERY TINY. SO LET ME, LET ME ASK BECAUSE I WISH I REMEMBERED ALL THE LANGUAGE I REVIEWED THIS LEASE BACK. BACK WHEN? WHEN WE WERE, WE HAD THE SAME ISSUE WITH THE IMPACT. FOR THOSE WHO DON'T KNOW, AS FAR AS OWNERSHIP AND COUNTY AND ALL THAT. AND I REMEMBER LOOKING AT THIS LEASE AND I REMEMBER IT BEING A TREMENDOUSLY ONE SIDED LEASE. BUT THE FLIP SIDE OF THAT IS WHEN YOU'RE USING FROM BASICALLY ZERO, THEN IT'S A LEASE BECAUSE NONE OF US HAVE. AND ALTHOUGH I HAVE, IT WAS TOO MANY YEARS AGO, AND THIS IS IN MY MIND, THIS IS NOT A LARGE REQUEST, BUT I'LL ASK YOU BECAUSE YOU WILL BE THE EXPERT AMONG THE EIGHT OF US, AND I FOR ONE. AND I THINK ALL OF US WILL TAKE YOUR WORD. HAVE YOU HAVE YOUR BOARD HAS LOOKED AT THE LEASE. YOU YOU ARE YOU ARE CONVINCED THAT THE FUNDS ARE NOT GOING TO BE PAID AND DO NOT HAVE TO BE PAID BY THE COUNTY. IS THAT ACCURATE? THAT IS OUR UNDERSTANDING. AND WHEN WE HAVE MY UNDERSTANDING IS WHEN WE DID ASK THE COUNTY TO COME OUT AND DO THE ROOF CHECK LEAK, IT WAS KIND OF LIKE THE ROOF IS NOT LEAKING. THAT'S WHERE IT ENDS.

BUT WE COULD WE COULD OBVIOUSLY GO BACK AND ASK AGAIN TO MAKE SURE AND SAY THAT, YOU KNOW, WE WE CAME TO MCDC AND THEIR QUESTION IS, WHY ARE YOU NOT COVERING THIS? IS THAT LEASE PUBLIC INFORMATION? I DO NOT KNOW. WOULD BE IT WOULD BE I WOULD IMAGINE ATTORNEY BACK THERE. YES. SO WE SHOULD BE ABLE TO SECURE A COPY OF IT. YEAH. SO I MEAN I KNOW WE HAVE TO TAKE CARE OF THINGS THAT ARE LIKE I MEAN, OBVIOUSLY WE PAY OUR OWN INSURANCE AND AND THINGS LIKE THAT. MY UNDERSTANDING IS THAT IF IT'S LIKE EVEN HVAC, THINGS LIKE THAT, WE TAKE CARE OF THAT. I MEAN, IT'S YEAH, I REMEMBER THE LEASE BEING A VERY, VERY, VERY I WALKED INTO THIS JOB, I DIDN'T NEGOTIATE THE LEASE. SO WE COULD ONE THING WE COULD DO

[02:45:03]

I MEAN, YOU KNOW, CDC CAN'T DO CITY HALL NOW. IT'S A COUNTY BUILDING. SO THERE IS THAT POLITICAL ISSUE. BUT YOU ARE AUTHORIZED TO HELP WITH MUSEUMS. YEAH. SO MY QUESTION WAS MORE.

THEM ASKING THE COUNTY AND GETTING THE COUNTY ANSWER IS NOT IN ANY WAY SUFFICIENT TO ME AS TO WHETHER THE COUNTY ACTUALLY HAS AN OBLIGATION OR NOT. OBLIGATION. THE LEASE, WHICH WOULD BE THE LEGAL DOCUMENT, WOULD DETERMINE DOES THE COUNTY HAVE OR NOT HAVE AN OBLIGATION OR IT SHOULD IT SHOULD. WOULD WE, SINCE IT'S A REQUEST BEING ASKED OF US, WOULD IT BE APPROPRIATE FOR US TO ASK YOU TO LOOK AT THAT LEASE? OH, SURE. TO ADVISE US AS TO WHETHER OR NOT THIS IS AN EXPENSE THAT, YOU KNOW, IS BEING ASKED OF US, AND THEIR OPTIONS ARE LIMITED, RIGHT? YES. COUNTY LEASE THAT'S GOING TO BE PUBLIC INFORMATION. AND YEAH, I'D BE HAPPY TO LOOK AT IT. SO BETWEEN NOW AND THE NEXT MEETING WE'LL DO THAT. AND AND CERTAINLY IF IT'S A COUNTY OBLIGATION THEN THAT'S THAT'S WHERE THIS REQUEST NEEDS TO GO.

BUT IF NOT THEN WE'LL BE ACTING ON IT NEXT NEXT MONTH. THANKS. ALL RIGHT. THANK YOU. ANY OTHER QUESTIONS? JUST TO BE CLEAR, IF WE GET THAT SATISFIED, IT REMAINS ON THE TABLE. THE WINDOW TINTING CORRECT. YEAH. SO WE WOULD HAVE TO SEPARATE OUT. SEPARATE OUT OKAY. VERY GOOD. YEAH. THANK YOU. GOOD. GOOD POINT. THANK YOU SO MUCH. THANK YOU. THIS IS A PUBLIC HEARING. IS THERE ANYONE LIKE TO SPEAK TO THIS ITEM? IF NOT, ENTERTAIN A MOTION TO CLOSE THE PUBLIC HEARING. I'LL MAKE A MOTION A SECOND. OH, I WILL NOT. SECOND, PLEASE CAST YOUR VOTES

[Conduct a Public Hearing and Consider/Discuss/Act on a Request from the City of McKinney Parks and Recreation Department to Reappropriate Previously Awarded Funds of $3,809,419.25 to PK1827 (Wilson Creek Trail) and $3,651,069.11 to PK4393 (Towne Lake).]

IF YOU RECALL, LAST YEAR WE COMPLETED THE SECTION THAT IS IN BLUE UP TO UP TO EL DORADO PARKWAY. WE ARE PROGRESSING ON OUR DESIGN PLANS FOR THIS PHASE THAT IS IN RED. THAT INCLUDES A MAJORITY OF THE TRAIL, AS WELL AS A TRAILHEAD WITH PARKING AND RESTROOMS. AND WE ANTICIPATE WRAPPING THIS UP FORBIDDING HOPEFULLY BY LATE SUMMER OF THIS YEAR. AND THEN THESE THESE APPROPRIATIONS WOULD ALLOW US TO COMPLETE THESE TWO PROJECTS, SPECIFICALLY THE DOG PARK, AS WELL AS THIS PHASE TWO OF WILSON CREEK TRAIL. AND I'M HAPPY TO ANSWER ANY QUESTIONS.

ANY QUESTIONS. ALL RIGHT. I MAY BE A LITTLE CONFUSED ON THE TERMINOLOGY. THIS IS BEING REAPPROPRIATED FROM SOMEWHERE ELSE THAT IT GOT AWARDED TO. YES, IT WAS PART OF AN EARLIER AGREEMENT AND THAT'S TURNED OUT. SO JUST TERMING OUT AND WE'RE REDOING THE IT'S NOT NEW MONEY.

IT'S NOT REALLY WHAT I WOULD CONSIDER REAPPROPRIATION LIKE WE DIDN'T APPROPRIATE IT OVER THERE AND NOW WE'RE APPLYING IT TO THIS PROJECT. IT'S WAS APPOINTED TO THIS PROJECT RENEWING IT, RENEWING IT. THAT'S WHY I WAS TOTALLY CONFUSED. YEAH, I DON'T KNOW IF WE'VE USED THAT VERBIAGE BEFORE. WE HAVE. WELL, I PAID CLOSER ATTENTION THIS TIME. OKAY. ALL RIGHT. THIS IS A PUBLIC HEARING. IS THERE ANYONE THAT WOULD LIKE TO SPEAK ON THIS ITEM? SEEING NONE ENTERTAIN A MOTION TO CLOSE THE PUBLIC HEARING AND ACTION ON THE ITEM. I'LL MOVE

[02:50:02]

[EXECUTIVE SESSION]