Title
Discuss Downtown City-Owned Property Redevelopment
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1E: Increase community involvement and participation within local government/community)
MEETING DATE: April 6, 2023
DEPARTMENT: Development Services
CONTACT: Michael Quint, Executive Director of Development Services
RECOMMENDED BOARD ACTION:
• Receive staff’s presentation.
ITEM SUMMARY:
• McKinney’s new City Hall complex is currently under construction on the northwest corner of Throckmorton St. and Virginia St., and it is anticipated that city staff will move into the new building in early 2025. Upon doing so, many current city-owned facilities will be left vacant, and the City Council will need to decide what to do with these vacant facilities going forward.
• At their January 24, 2023, work session, the City Council directed staff to begin efforts to redevelop specific city-owned properties in the northern part of McKinney’s historic downtown via a request for qualifications (RFQ) process.
• The properties in question include the Development Services Building located at 221 N. Tennessee Street, City Hall located at 222 N. Tennessee Street, and the parking lots located north and northeast of City Hall.
• A request for qualifications (RFQ) is a process through which the City will inform members of the development community of a partnership opportunity aimed at redeveloping the aforementioned properties. Interested development groups will be permitted to formally respond to the RFQ expressing their interest in partnering with the city. The responding development groups will be interviewed, and a partner(s) will be selected by the City Council. After that selection, formal partnership negotiations will commence and will conclude with the City Council’s approval of a development agreement which will stipulate the terms of the agreement.
• Staff’s presentation will provide more insight into the properties that will be redeveloped, the general process that will be followed, and opportunities for the public to engage in the process.