Title
Conduct a Public Hearing and Consider/Discuss/Act on a Retail Development Infrastructure Grant Application Submitted by Kelly’s Art Shack (RI 24-05) in an Amount of Up to Fifty Thousand and NO/100 Dollars ($50,000.00) for Exterior Site Expansion and Improvements Including Installation of Gutters and Downspouts, Gates, and Masonry Fencing at the Property Located at 312 E. Cloyd Street, 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 Retail Development Infrastructure grant application submitted by Kelly’s Art Shack for exterior site improvements including drainage and security enhancements.
• Project elements include new gutters and downspouts to improve storm drainage and prevent internal flooding, and gates and masonry fencing to create an outdoor space and enhance security.
• The addition of this outdoor footprint will support expansion and allow Kelly’s to provide events for more clients and to provide opportunities for more participants.
BACKGROUND INFORMATION:
• Kelly’s Art Shack was founded in 2018 and has become a vibrant hub of creativity and community engagement.
• Their mission is to foster a space where artistic expression flourishes, events come to life and the community is wove into the very fabric of its existence.
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 Kelly’s Art Shack has requested funding from MCDC.
• The request is eligible for MCDC consideration under Section 501.103 of the Texas Local Government Code
SUPPORTING MATERIALS:
• Application Packet
• Presentation