Title
Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with SWHU Ying Wang, LLC for the Critical Maintenance and Historic Façade Improvements at 101 N McDonald
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 deny the requested Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement by the applicant due to the request exceeding the funding policies in the TIRZ 1 Administrative Policy and Guidelines; however, Staff recommends the TIRZ 1 Board approve an amended agreement that meets the policies.
ITEM SUMMARY:
The applicant requests an economic development grant from TIRZ 1 in support of critical maintenance and historic façade improvement project at 101 N McDonald. The request is as follows:
The applicant is requesting $200,000 in TIRZ funding to offset the cost of the Critical Maintenance and Historic Façade Improvement project including:
HVAC, plumbing, electrical, and roofing
Exterior brick restoration
The applicant partially completed the work before submitting the request for funding, which is the reason for a lack of multiple bids.
The total cost of the critical maintenance and historic façade improvements work is estimated at $271,061.93.
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 businesse...
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