Title
Consider/Discuss/Act on a Resolution Designating and Approving Certain Capital Improvement Projects Eligible for Funding under the Transportation Infrastructure Initiative and Economic Development Program by McKinney Economic Development Corporation and McKinney Community Development Corporation Sales Tax Revenues for FY 2025-2026
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(2B: Balance available resources to accommodate the growth and maintenance of the City)
MEETING DATE: December 16, 2025
DEPARTMENT: Development Services / Engineering
CONTACT: Tracy Lund, PE, Assistant Director of Engineering
Gary Graham, PE, Director of Engineering
RECOMMENDED CITY COUNCIL ACTION:
• Approval of Resolution.
ITEM SUMMARY:
• This item adopts a list of projects eligible for funding by sales tax revenue from the MEDC and MCDC pursuant to Section 11 of Resolution No. 2022-06-088 (R), the Transportation Infrastructure Initiative and Economic Development Program, adopted June 21, 2022.
• The list of eligible projects is shown in Exhibit A.
• In FY 25, $1,711,886 in sales tax revenue was funded by both MEDC and MEDC for a total of $3,423,772 to be used on CIP projects that support economic development.
BACKGROUND INFORMATION:
• The Resolution establishing this Program was adopted by the City Council at the June 21, 2022, City Council Meeting.
• The MEDC and MCDC Boards amended their respective bylaws accordingly and approved the Program as a “Project” at subsequent Board meetings.
FINANCIAL SUMMARY:
• As the previous year's sales Tax Revenues are finalized, the funding will be earmarked for the Capital Improvements Program on projects identified by this Resolution.
BOARD OR COMMISSION RECOMMENDATION:
• N/A
ATTACHMENTS:
• Resolution 2022-06-088 (R)