Title
Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with Happymix Creperie for the Environmental Remediation, Interior/Exterior Demolition, Historic Façade Restoration Improvements, and Critical Maintenance at 113 S Tennessee Street
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 TIRZ BOARD ACTION:
• Staff recommends that the TIRZ 1 Board approve the requested Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement by the applicant.
ITEM SUMMARY:
• The applicant requests an economic development grant from TIRZ 1 in support of environmental remediation, historic façade restoration improvements, and critical maintenance project at 113 S Tennessee. The request is as follows:
o The applicant is requesting $50,589.81 in TIRZ funding to offset the cost of the environmental remediation, historic façade restoration improvements, and critical maintenance project.
§ Asbestos abatement, interior demolition
§ 3 new energy efficient windows
§ Plumbing, electrical repairs, flooring, and roofing
o The applicant completed the work before submitting the request for funding, which is the reason for a lack of multiple bids. Additionally, the applicant acted as the primary contractor and is ready to discuss the cost of each part of the project.
o The total cost of the full project was $88,118.43. The applicant is requesting the full amount of the environmental remediation and façade restoration expenses and a 50/50 match of the critical maintenance costs.
BACKGROUND INFORMATION:
• Under Chapter 311 of the Texas Tax Code and Chapter 380 of the Texas Local Government Code, the TIRZ Board has the authority to make loans or grants of TIRZ funds for the purpose of promoting local economic development and stimulating businesses and commercial activity within the reinvestment zone.
• The proposed project is an eligible project in the TIRZ 1 Project Plan under the category of Vacant/Underutilized Sites/Buildings, with eligible expenditures in the categories of environmental remediation, critical maintenance, and façade renovation.
FINANCIAL SUMMARY:
• The applicant is requesting $50,589.81 in TIRZ funding as follows:
o $13,061.19 - Environmental Remediation, Historic Façade Restoration Improvements
o $37,528.62- Critical Maintenance
• Each year, $400,000 is allocated to the “Vacant/Underutilized Sites/Buildings” project type of TIRZ 1 to support project requests under this type. The applicant’s request meets the policy and guidelines requirements, which are included as an attachment for this item.
• This meeting is the first of the FY27 fiscal year, and as such, there is $400,000 of budgeted funding in the FY27 allocation which could fund this and other requests considered this afternoon.
• Additionally, a financial forecast for the TIRZ 1 fund balance is attached to provide a comprehensive view and provide broader context of the current and anticipated fund balance through FY31 to aid board members as funding requests are considered.