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
(5C: Promote reinvestment activities and ordinance changes in McKinney’s historic downtown that balance preservation of historic character and current market needs)
MEETING DATE: June 16, 2026
DEPARTMENT: Development Services - Planning Department
CONTACT: Cassie Bumgarner - Planning Manager
Lucas Raley - Director of Planning
RECOMMENDED BOARD ACTION:
• Staff recommends approval of the proposed resolution to revise the Administration Policy and Guidelines for Tax Increment Reinvestment Zone No. 1.
ITEM SUMMARY:
• This item is to consider amendments to the Administration Policy and Guidelines for Tax Increment Reinvestment Zone No. 1.
• The proposed amendments are intended to provide clarity.
• Proposed changes to the Administration Policy and Guidelines include:
o Removing the basis of staff recommendations on an established internal evaluation criteria
o Addition of a chart to quickly reference project or expenditure types, required matches, and funding caps.
FINANCIAL SUMMARY:
• The proposed amendments to the Administration Policy and Guidelines would not increase or decrease any funding guidelines.