Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Grant Agreement Between the City of McKinney and Habitat for Humanity of Collin County on Behalf of the McKinney Public Facility Corporation.
Summary
COUNCIL GOAL: 1B: Provide a strong city economy by implementing a Global Housing Strategy with a focus on affordable housing and facilitating a balance between industrial, commercial, residential, and open space.
MEETING DATE: December 19, 2023
DEPARTMENT: Department of Housing and Community Development
CONTACT: Janay Tieken, Director of Housing and Community Development
Kim Flom, Assistant City Manager
RECOMMENDED CITY COUNCIL ACTION:
* Approve Resolution
ITEM SUMMARY:
* Habitat for Humanity requests $30,000 for engineering costs necessary to rebuild the Pride Court retaining wall in Charleston Creek.
* A future funding request to cover construction is anticipated for application to the City and McKinney Community Development Corporation in Spring 2024.
* This item was presented to the McKinney Public Facilities Corporation (MPFC) Board at their meeting on December 19, 2023.
BACKGROUND INFORMATION:
* Charleston Creek is a Habitat for Humanity neighborhood constructed in 2007 and 2008.
* In February 2018, after a significant rain event, the retaining wall in the neighborhood behind 613 Pride Court collapsed.
* As the management association for the neighborhood, Habitat for Humanity seeks funding in order to reconstruct the wall.
* Per the bylaws, funding received from MPFC projects is allocated to the general fund.
* The MPFC received $2,000,000 at the closing of the Jefferson Verdant project. $1,500,000 was provided as a loan for the Palladium multifamily project in June 2023. $500,000 remains and is budgeted in the Community Grants Account.
* Request to utilized funds from MPFC projects are presented to the MPFC as informational and for a recommendation. City Council makes the final decis...
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