Title
Consider/Discuss/Act on a Resolution Amending the Administration Policy and Guidelines for Tax Increment Reinvestment Zone Number One
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
(5.2: Promote reinvestment activities and ordinance changes in McKinney’s historic downtown that balance preservation of historic character and current market needs)
MEETING DATE: October 20, 2026
DEPARTMENT: Development Services - Planning Department
CONTACT: Cassie Bumgarner - Planning Manager
Lucas Raley, AICP, CNU-A, CFM - Director of Planning
RECOMMENDED BOARD ACTION:
• Staff recommends the TIRZ Board approve the proposed resolution to revise the Administration Policy and Guidelines for Tax Increment Reinvestment Zone No. 1.
ITEM SUMMARY:
• City Staff is proposing amendments to the Administration Policy and Guidelines for Tax Increment Reinvestment Zone No. 1, which are intended to provide clarity and address feedback received at the June 16, 2026 meeting.
• Proposed changes to the Administration Policy and Guidelines include:
o Removing the basis of staff recommendations on an established internal evaluation criteria; and
o Adding a chart to quickly reference project or expenditure types, required matches, and funding caps.
• Staff will discuss the addition of a fund balance forecast as a response to requests for more financial context as funding requests from the TIRZ 1 are considered.
Staff is also evaluating potential changes to the standard staff reports and presentations to introduce more clarity regarding funding requests.
BACKGROUND INFORMATION:
• The TIRZ 1 Board requested that City Staff review the existing Administrative Policy and Guidelines to investigate options for improving financial transparency and stewardship when making funding decisions, especially when requests exceeded project type budgets or were in categories with no funding request limits.
FINANCIAL SUMMARY:
• The proposed amendments to the Administration Policy and Guidelines and updates to staff reports and attachments, and presentations are intended to increase the TIRZ Board’s ability to make informed decisions within the broader context of the fund’s existing and projected balances to ensure sustainability of the fund and prioritization of anticipated projects.