Title
Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Haddington Fund, LP (23-02) in an Amount of Seventy-Seven Thousand, Three Hundred Seventy and NO/100 Dollars ($77,370.00) for Construction and Installation of Three Neon Signs at The Flour Mill Located at 407 E. Louisiana Street, McKinney, Texas.
Summary
COUNCIL GOAL: 5: Enhance the Quality of Life in McKinney
5C: Promote reinvestment activities and ordinance changes in Historic Downtown McKinney that balance preservation of historic character and current market needs.
5D: Develop sustainable quality of life improvements within
the City of McKinney.
MEETING DATE: February 23, 2023
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
* McKinney Community Development Corporation will conduct a public hearing on a project grant application submitted by The Haddington Fund, LP for two neon signs at The Flour Mill in McKinney.
* One sign will be installed on top of The Flour Mill to promote and draw visitor focus on one of McKinney's landmark buildings.
* Two additional signs will be installed on the building promoting The Diamond Hall.
BACKGROUND INFORMATION:
* The McKinney Flour Mill opened in 1872 and is now a historic gem and focal point in the heart of McKinney's East Side and Historic Cultural District.
* The venue hosts corporate events, weddings and other celebrations in its unique event halls.
* Additionally, The Flour Mill is home to several local businesses.
FINANCIAL SUMMARY:
* Funds allocated for MCDC discretionary Project Grants for FY23 totaled $2,177,223.
* In FY 2021, MCDC awarded a Retail Development Infrastructure Grant for $25,000 for infrastructure improvements to Ashlee's Garden, an outdoor event space located at The Flour Mill.
* The request is eligible for MCDC consideration under Section 505.152 of the Texas Local Government Code - Projects related to muse...
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