[CALL TO ORDER]
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TO THE REINVESTMENT ZONE NUMBER ONE MEETING. IT IS TUESDAY, JULY 21ST, 2026 AT 5:21 P.M. AT THE CITY HALL COUNCIL CHAMBERS, 401 EAST VIRGINIA STREET, MCKINNEY, TEXAS. FIRST ITEM IS PUBLIC COMMENT ON AGENDA ITEMS. IF THERE'S ANYBODY THAT WOULD LIKE TO SPEAK, PLEASE COME
[26-0676 Minutes of the Tax Increment Reinvestment Zone Number One (TIRZ1) Board Meeting of June 16, 2026]
FORWARD. HAVING NONE WILL GO ON TO THE NEXT ITEM. IT'S REGULAR AGENDA AND PUBLIC HEARING ITEMS. 26-067 SIX MINUTES OF THE TAX INCREMENT REINVESTMENT ZONE. NUMBER ONE BOARD MEETING OF JUNE 16TH, 2026. MR. CHAIRMAN, I MOVE TO APPROVE THE MINUTES. I HAVE A MOTION BY MR. LEBO, SECONDED BY MR. MISS MAYOR COX. ALL THOSE IN FAVOR? I THE SCREENS ARE AVAILABLE. WE'RE USING THE SCREEN. YOU CAN USE YOUR SCREENS. OKAY, SO, DOCTOR. OH, YEAH. MR. EXCUSE ME. HE DOESN'T HAVE. MR. LEE DOESN'T HAVE A MOTION BUTTON. OKAY. I'LL JUST. YOU CAN JUST DO HANDS. THAT'S FINE. I DON'T KNOW WHAT'S GOING ON. OKAY, JUST DO A HAND. ALL THOSE IN FAVOR, SAY AYE. ANY. ANY AGAINST. MOTION PASSES. NEXT ITEM IS 26-0677. CONSIDER.[26-0677 Consider/Discuss/Act on an Amendment to the TIRZ 1 Project Plan to Reflect the Expanded Boundary]
DISCUSS. ACT ON AN AMENDMENT TO THE TERS ONE PROJECT PLAN TO REFLECT THE EXPANDED BOUNDARY.GOOD EVENING. BOARD. LUCAS REILLY, PLANNING DIRECTOR FOR THE CITY OF MCKINNEY. SO WHAT WE HAVE BEFORE YOU TONIGHT IS TWO AGENDA ITEMS WHICH ARE IN RESPONSE TO CITY COUNCIL'S ACTION THAT TOOK PLACE ON JUNE 16TH TO EXPAND THE BOUNDARY OF TERS. ONE. AS YOU CAN SEE ON THE SCREEN HERE, THERE IS A ORANGE POLYGON, WHICH IS THE ADDED PROPERTIES THAT ARE TO BE INCLUDED IN THE TERS BOUNDARY. AS A RESULT OF THE ADOPTED ORDINANCE. THE RESOLUTION BEFORE YOU IS TO ADOPT AN UPDATED PROJECT PLAN WHICH INCLUDES THE NEW MAP. THAT'S THE ONLY CHANGE IN THE PROJECT PLAN IS THE MAP THAT JUST REFLECTS THE ADDED PROPERTY TO THE BOUNDARY. I'LL STAND FOR ANY QUESTIONS. ANY QUESTIONS FOR MR. RILEY? THANK YOU. THANK YOU. LUCAS. EXCUSE ME. WHEN DO YOU EXPECT THAT THE BUDGET APPROPRIATION FOR DIFFERENT ITEMS THAT WE DESIRE IN THE CITY. WHEN DO YOU EXPECT THAT TO BE COMPLETED? ARE YOU REFERRING TO THE CONVERSATION THAT WE HAD ON THE ADMINISTRATIVE POLICY AND GUIDELINES, LIKE EARMARKING OR DEDICATING CERTAIN FUNDS FOR FIRE SUPPRESSION AND. YEAH, ABSOLUTELY. SO WHEN DO YOU THINK THAT WOULD BE? BECAUSE IT SEEMS LIKE THAT'S CRITICAL TO MAKING THESE OTHER DECISIONS. SURE. SO THAT'S SOMETHING THAT WE BROUGHT BEFORE THIS BOARD LAST MONTH, A DISCUSSION ON THE ADMINISTRATIVE POLICY AND GUIDELINES FOR FUNDING, HOW WE WANT TO SPEND TERRORIST FUNDS AND WHAT THE POLICIES ARE. THAT'S SOMETHING THAT STAFF IS DELIBERATING INTERNALLY. WE PLAN TO BRING THAT BACK SOMETIME NEXT MONTH. FOR YOUR CONSIDERATION WITH PROPOSED DIRECTION, WE HOPE TO RECEIVE DIRECTION FROM YOU ON SOME PROPOSED CHANGES SO THAT THIS BODY CAN EARMARK FUNDS FOR PRIORITY PROJECTS. THANK YOU.
LUCAS. ABSOLUTELY. ANY OTHER QUESTIONS FOR MR. RILEY? HAVING NONE. DO I HAVE A MOTION? MR. CHAIRMAN, I'LL MAKE A MOTION TO APPROVE THIS ITEM. SECOND, I HAVE A MOTION BY MR. MR. LEBO.
MR. BELLER, COUNCILMAN BELLER, SECONDED BY. MAYOR COX. ALL THOSE IN FAVOR? PLEASE CAST YOUR VOTES. NOW. WE'RE WORKING. I'LL JUST GO AHEAD AND PUT IT IN. YEAH, I I I ANY OPPOSED I, I AND NO, NO HOLD ON. WE'RE WE'RE. NOPE. ALL RIGHT. LISTEN WHAT YOUR INTENTION WAS TO VOTE AGAINST. CORRECT. OKAY. YEAH. NOT A PROBLEM. MY MISTAKE. OKAY. THAT MOTION PASSES WITH TWO AGAINST AND FIVE FOR. NEXT ITEM IS 26-0678. CONSIDER, DISCUSS, ACT ON AN AMENDMENT TO THE TERM
[26-0678 Consider/Discuss/Act on an Amendment to the TIRZ 1 Finance Plan to Reflect the Expanded Boundary]
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ONE FINANCE PLAN TO REFLECT THE EXPANDED BOUNDARY. ALL RIGHT. SO THIS IS THE SAME ITEM. BUT INSTEAD OF THE PROJECT PLAN THIS IS FOR THE ACCOMPANYING FINANCE PLAN FOR TOURIST ONE.SAME EXACT CHANGE. JUST AN UPDATE TO THE MAP IN THAT PLAN. I'LL STAND FOR ANY QUESTIONS.
ANY QUESTIONS. LUCAS CAN YOU UPDATE ME ON WHAT THE FINANCE PLAN IS FOR THIS? YES. SO I DIDN'T GET ANY INFORMATION ON THAT YET. OF COURSE. SO THE FINANCE PLAN WAS ADOPTED WITH THE INCEPTION OF THE TOURS. AND BASICALLY THE FINANCE PLAN IS WHAT OUTLINES THE ANTICIPATED REVENUES AND IMPACTS OF THE TOURS AREA. AND SO AT THE INCEPTION OF THE CREATION OF TOURS, WE HIRED A FINANCIAL CONSULTANT THAT CAME IN, EXPLAINED THE PROCESS OF HOW THE TAX INCREMENT REINVESTMENT WORKS, WHAT THE ANTICIPATED INCREASE IN VALUES FOR THAT LAND AREA WOULD BE, AND SETS OUT THAT PLAN FOR THE LIFE OF THE TOURS. AT THIS POINT, THERE'S BEEN NO UPDATES TO IT. THIS IS JUST AN UPDATE AGAIN TO REFLECT THE NEW BOUNDARY AREA OF THE TOURS. OKAY. THANK YOU. ABSOLUTELY. ANY MORE QUESTIONS FOR MR. RILEY? HAVING NONE. DO I HAVE A MOTION? I'LL MAKE A MOTION. WE APPROVE THIS ITEM. I'LL SECOND HAVE A MOTION BY COUNCILMAN BELLER, SECONDED BY COUNCILWOMAN FELTUS. ALL THOSE IN FAVOR, SAY AYE. AYE. ANY OPPOSED? NO. THAT PASSES 5 TO 2. THAT ENDS OUR AGENDA ITEMS. I DON'T THINK WE HAVE AN EXECUTIVE SESSION. SO DO I HAVE A MOTION TO ADJOURN? SO MOVED. I HAVE A MOTION BY MAYOR COX.
SECOND. SECOND BY MR. LEBO. ALL THOSE IN FAVOR, SAY AYE. I ANY OPPOSED? NONE.
* This transcript was compiled from uncorrected Closed Captioning.