Title
Consider/Discuss McKinney Community Development Corporation Prospective Projects and Priorities for Funding
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
Direction for Strategic & Economic Growth
MEETING DATE: February 5, 2018
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• The MCDC board is committed to supporting City Council’s strategic goals within the parameters permitted by state law.
• The purpose of this meeting and discussion is to share information with Council on prospective projects and priorities and receive input to ensure effective fulfillment of Council goals.
BACKGROUND INFORMATION:
• Prospective projects identified by the MCDC board were discussed within the context of:
o Projects permissible under state law (the Texas Local Government Code - Chapters 501 - 505.
o Council Goals adopted in 2017.
o Information provided through the 2017 Citizen Survey, conducted by National Research Center.
o Information provided through the 2017 Quality of Life online survey.
FINANCIAL SUMMARY:
• MCDC’s allocation for Project Grants for FY 18 is $1,259,745.
• MCDC’s unreserved fund balance is $13,815,467 (December balance sheet).