File #: 22-0083    Name: 22-03 McK Engineering
Type: Agenda Item Status: Public Hearing
In control: McKinney Community Development Corporation
On agenda: 1/27/2022 Final action:
Title: Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by City of McKinney, Engineering Department (#22-03) in the Amount of Four Hundred Thousand and NO/100 ($400,000.00) for the Expansion of Eldorado Parkway from a Four-Lane Divided Roadway to a Six-Lane Divided Roadway in Accordance with the City of McKinney Master Thoroughfare Plan to Support the Anticipated Traffic Which Will Be Generated by the H-E-B Development. Amount Requested Represents 36% of Total Project Cost.
Attachments: 1. Application Packet, 2. Presentation

Title

Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by City of McKinney, Engineering Department (#22-03) in the Amount of Four Hundred Thousand and NO/100 ($400,000.00) for the Expansion of Eldorado Parkway from a Four-Lane Divided Roadway to a Six-Lane Divided Roadway in Accordance with the City of McKinney Master Thoroughfare Plan to Support the Anticipated Traffic Which Will Be Generated by the H-E-B Development. Amount Requested Represents 36% of Total Project Cost.

Summary

COUNCIL GOAL:                     Direction for Strategic and Economic Growth

(1A): Establish regional and infrastructure incentives to increase economic growth

(1D): Leverage the existing partnerships with MEDC and MCDC

 

MEETING DATE:                     January 27, 2022

DEPARTMENT:                      McKinney Community Development Corporation

CONTACT:                       Cindy Schneible, President

ITEM SUMMARY: 

                     The McKinney Community Development Corporation will conduct a public hearing on the project grant application submitted by The City of McKinney, Engineering Department in the amount of $400,000 for the Expansion of Eldorado Parkway from a Four-Lane Divided Roadway to a Six-Lane Divided Roadway in Accordance with the City of McKinney Master Thoroughfare Plan to Support the Anticipated Traffic Which Will Be Generated by the H-E-B Development.

                     This expansion is consistent with the City of McKinney Master Thoroughfare Plan.

                     Expansion will be funded through a combination of roadway impact fees, funds from CIP Project ST1838 ($700,000), and MCDC ($400,000) ST1838.

                     Design for this project is underway and expected completion of construction is Spring 2023.

                     Job creation for the development is estimated at 250-350.

BACKGROUND INFORMATION:  

                     The City of McKinney’s Engineering Department is responsible for the review and approval of all new public improvement construction and reconstruction projects with the City limits and the ETJ.

                     This project expansion is consistent with the City of McKinney Master Thoroughfare Plan.

                     Infrastructure assistance to retail or commercial projects is an eligible Type B project.

 

FINANCIAL SUMMARY:

                     Funds allocated for FY22 for discretionary Project Grants is $1,749,025, with an additional $6,000,000 for economic development projects.

                     The request is eligible for MCDC consideration under Section 501.103 of the Texas Local Government Code.

 

SUPPORTING MATERIALS:

                     Application Packet

                     Presentation