Title
Briefing and Discussion Regarding Proposed TIRZ No. 1 Project Plan, Policy and Administration Changes
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
(5D: Promote reinvestment activities in McKinney's historic downtown that balance the historic character and current market needs)
MEETING DATE: September 1, 2020
DEPARTMENT: Development Services - Planning Department
CONTACT: Mark Doty, Assistant Director of Planning
Jennifer Arnold, AICP, Director of Planning
ITEM SUMMARY:
* The board for Reinvestment Zone Number One (TIRZ 1) is reviewing proposed changes to current policies and administrative procedures to the TIRZ 1 program.
* The proposed changes to the TIRZ 1 policy would require amendments to the TIRZ 1 Policy Plan. For those policy changes proposed that would not need an amendment to the Policy Plan, a resolution would be presented at the next TIRZ 1 board meeting for review and action.
* Proposed changes to the TIRZ 1 Project Plan include:
* Create a 'Critical Maintenance' project type under 'Vacant/Underutilized Sites/Buildings' category
* Create a 'Fire Suppression' project type under 'Vacant/Underutilized Sites/Buildings' category
* Proposed changes to the TIRZ 1 policy include for "Vacant/Underutilized Sites/Buildings" projects:
* Begin carrying over unused funding from Fiscal Year to Fiscal Year
* Per Council request, staff will also discuss options for front-loading or reviewing special exceptions for 'Critical Maintenance' projects that request funds that exceed the project cap.
BACKGROUND INFORMATION:
* The Project Plan of the TIRZ focuses on support for catalytic projects for the continued revitalization of the Town Center; key regional transportation infrastructure for effect access and linkages throughout the Town Center including connections between the Historic Square to the west of Highway 5 and the future Transit-Oriented Development (TOPD) to the east of Highway 5, as well as safe auto, pedestri...
Click here for full text