Title
Conduct a Public Hearing and Consider/Discuss/Act on a Retail Development Infrastructure Grant Application Submitted by Sugar Rush Holdings, LLC (dba Cami Cakes) (RI 24-03) in an Amount of Thirty-Three Thousand One Hundred Twenty-Seven and 25/100 Dollars ($33,127.25) for Exterior Electrical Work and the Installation of a Grease Trap at the Site of a New Bakery Located at 2950 Craig Drive, Suite 302, McKinney, Texas.
Summary
COUNCIL GOAL: 1: Direction for Strategic and Economic Growth
1C: Continue to develop a retail strategy for key areas of the community to diversify revenue sources and expand entertainment, dining and shopping options and tourism.
MEETING DATE: February 22, 2024
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• McKinney Community Development Corporation will conduct a public hearing on a project grant application submitted by Sugar Rush Holdings (dba Cami Cakes) for $33,127.25 for infrastructure renovations necessary for preparing space for a new bakery.
• Project elements include expanding electrical capacity and installing a grease trap, both of which are required by the City code.
BACKGROUND INFORMATION:
• Cami Cakes has been in business since 2006 and has stores in Florida and Georgia. This will be their first location in this region.
• The bakery specializes in gourmet cupcakes, layer cakes and ice creams.
• Their mission is to “create happiness on cupcake at a time” by providing quality food and service in a friendly atmosphere while preserving customer trust and confidence.
FINANCIAL SUMMARY:
• Funds allocated for MCDC Retail Development Infrastructure Grants total $300,000. Maximum award for any single grant is $50,000.
• This is the first time Sugar Rush Holdings has requested funding from MCDC.
• The request is eligible for MCDC consideration under Section 501.103 of the Texas Local Government Code - Projects related to museums and exhibition facilities.
SUPPORTING MATERIALS:
• Application Packet
• Presentation