Title
Conduct a Public Hearing and Consider/Discuss/Act on Project #17-09, Submitted by D&L Feeds, Inc. (DL Farm and Home), in the Amount of One Hundred Forty Thousand One Hundred Seventy-Seven Dollars ($140,177) for Infrastructure Improvements that Include Water, Storm Drainage, Sewer, Traffic Control at 1502 N. Church Street, the Location of an Expanded D&L Feed Store and Warehouse Location; Amount Requested Represents 50% of Estimated Project Cost
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
MEETING DATE: July 27, 2017
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
* D&L Farm and Home (D&L Feeds, Inc.) sells and delivers agricultural and pet products to retail customers and provides expertise for their use.
* Originally a feed store, D&L has expanded to include a full selection of pet food and supplies, lawn and garden supplies and supplies for backyard chicken owners - both urban and rural.
* Significant growth in business has resulted in the need for a new location that would allow for expansion of the business.
* A location for a larger operation was identified at 1502 N. Church Street.
* Plans and plats for development of the Church Street site have been approved by the City of McKinney.
* D&L Feeds is requesting a grant in the amount of $140,177 from MCDC to assist with costs for improvements and upgrades to infrastructure at the Church Street site.
BACKGROUND INFORMATION:
* D&L opened its first store in 1988 in Aubrey.
* Since 1988, the company has grown to include five stores (Aubrey, Celina, Gainesville, Sanger and McKinney) and a distribution center, with sales of more than $15.9 million company-wide.
* The McKinney store was established in 2004 when D&L purchased AgMart, an existing retail store that opened in 1980.
* The McKinney store currently serves an average 150 customers each day, with 13 employees.
FINANCIAL SUMMARY:
* D&L's net sales, from the McK...
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