Title
Consider/Discuss/Act on Project #16-10, Submitted by Heritage Guild of Collin County in the Amount of One Hundred Seventy Five Thousand Dollars ($175,000) for Improvements to the Dulaney House to Facilitate Use as a Multi-Purpose Community Facility. Amount Requested Represents 65% of Total Estimated Project Cost
Summary
COUNCIL GOAL: Enhance Quality of Life in McKinney
MEETING DATE: September 22, 2016
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• Heritage Guild of Collin County is requesting a grant in the amount of $175,000 for improvements and repairs to be made to the Dulaney House.
• Restoration of the house will allow it to be used as a multi-purpose community facility.
• First floor restoration and improvements will impact: serving kitchen; back door entry; historical kitchen; lounge; parlor; music room; dining room; restroom; office and hall.
• Second floor restoration and improvements will impact: stairs and banisters; landing and attic; three bedrooms; two bathrooms; lounge/mudroom; and office.
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 renovation proposed for the Dulaney House will restore the home in a way that will allow it to be shared with the city and enhance community and visitor experiences.
• Restoration of the Dulaney House will facilitate an opportunity for the Heritage Guild to develop incremental revenue streams to contribute to long-term sustainability that include: private events; educational opportunities and partnerships; corporate retreats and offsite meetings; and special interest exhibits.
FINANCIAL SUMMARY:
• MCDC’s allocation for discretionary project grants for the current fiscal year is $1,171,896.
• The balance remaining in the discretionary project grant allocation is $487,198 for the current year.
• The request is eligible for MCDC board consideration under Sections 501 to 505 of the Texas Local Government Code.
• MCDC has approved project grants to the Heritage Guild of Collin County, during the current fiscal year, in the amount of $112,000.