Title
Conduct a Public Hearing and Consider/Discuss/Act on a Request Submitted by Habitat for Humanity of Collin County to Extend the Term on the Loan Agreement for Project #20-03 to March 31, 2022 and to Amend the Terms of the Grant Award for Project #20-03 as follows: Funding the Construction of Shade Structure through the Reallocation of the Remaining Funds Previously Awarded for a Concrete Surface for Playground, in the Amount of Thirteen Thousand Five Hundred Seventy and No/100 Dollars ($13,570.00), the Reallocation of the Remaining Funds Previously Awarded for Tree Trimming, in the Amount of One Hundred Fifty and no/100 Dollars, and through an Increase in Funding in the Amount of Twenty-Six Thousand Eighty-Seven and 58/100 Dollars ($26,087.58) for an Aggregate Total Award of Thirty-Nine Thousand Eight Hundred Seven and 58/100 Dollars ($39,807.58); and Funding the Construction of a Community Amenity Center through a Grant Increase in the Amount of Two Hundred Fifty Thousand and No/100 Dollars ($250,000.00) resulting in an Aggregate Total Grant of Five Hundred Thousand and No/100 Dollars ($500,000.00). Aggregate of all Additional Funding Requests equals Two Hundred Eighty-Nine Thousand Eight Hundred Seven and 58/100 Dollars ($289,807.58).
Summary
COUNCIL GOAL: Enhance Quality of Life in McKinney
MEETING DATE: February 25, 2021
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
* Habitat for Humanity of Collin County has submitted a request to extend the term on Project #20-03 to March 31, 2022.
* Additionally, HFHCC has requested amendments to the loan agreement for Project #20-03 as follows: funding the construction of shade structure through the reallocation of the remaining funds previously awarded for a concrete surface for playground, in the amount of $13,570.00, the reallocation of the remaining funds previously awarded for tree trimming, in the amount of $150.00, and through an increas...
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