Title
Consider/Discuss/Act on a Request for Funding Project #18-10, Submitted by The Heritage Guild of Collin County, in the Amount of Seventy-five Thousand Dollars ($75,000) for Iron Fencing and Monument Signage at Chestnut Square. The amount requested represents 89% of the total project cost.
Summary
COUNCIL GOAL: Enhance Quality of Life in McKinney
MEETING DATE: August 23, 2018
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• Heritage Guild of Collin County has requested a grant in the amount of $75,000 for new iron fencing encircling the entire two blocks of Chestnut Square which would allow for both good visibility and security.
• In addition to the fencing, the request includes funding for monument signage that could be “gateway” pieces, tower features or replacement of what exists - depending upon city approval based upon ordinances in place.
• The proposed fencing and signage would be designed to ensure accordance with historic residential neighborhood guidelines and historic properties.
BACKGROUND INFORMATION:
• The Heritage Guild was organized in 1973 and is home to Chestnut Square Historic Village.
• The mission of Chestnut Square is to celebrate community, preserve history, and inspire the future.
• The Heritage Guild hosts a variety of programming and events throughout the year and hosts more than 50,000 visitors annually.
• The area surrounding Chestnut Square has been under construction for almost two years (Davis at the Square; Playful). The fencing and signage projects would provide an opportunity for beautification and rejuvenation of the historic community and ensure it is an asset to the surrounding neighborhood.
FINANCIAL SUMMARY:
• The total estimated project cost is $84,240. The amount requested in the grant submission represents 89% of the total cost.
• MCDC’s allocation for discretionary Project Grants for FY 18 is $1,259,745 and has a balance of $96,774 available for project grant awards.