Title
Consider/Discuss/Act on an Amendment to the Declaration of Restrictions for the McKinney Corporate Center at Craig Ranch
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
(5F: Maximize partnerships between the City of McKinney and private industry)
MEETING DATE: November 10, 2020
DEPARTMENT: Development Services
CONTACT: Michael Quint, Executive Director of Development Services
STAFF RECOMMENDATION:
* Should the City Council approve the associated rezoning request, Staff recommends approval of this item. However, should the City Council deny the associated rezoning request, Staff recommends denial of this item. By approving this agenda item, the City Council will be approving both sets of deed restrictions as referenced herein.
ITEM SUMMARY:
* On July 14, 2020, the applicant representing the owners of the land within the McKinney Corporate Center at Craig Ranch (the "Corporate Center") submitted a request to rezone (case no. 20-0066Z) a portion of the Corporate Center to allow a mixture of office, residential and stand-alone retail buildings.
* The current deed restrictions governing the Corporate Center prohibit stand-alone retail and residential uses and includes minimum building square footages which conflict with the proposed rezoning request.
* Given the conflict between the applicant's proposed rezoning request and the existing deed restrictions governing the property, modifications to the deed restrictions are warranted. The aforementioned rezoning request will be considered by the City Council concurrently with this agenda item.
* Generally speaking, if this item is approved by the City Council then the Corporate Center will be governed by two sets of deed restrictions. The existing deed restrictions' boundary and acreage, which currently govern the entire Corporate Center (134.473 acres), will be reduced in size by approximately 19.97 acres (Tracts A, B, C, and D as reflected on the attached zoning regulating plan) and...
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