Title
Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with Shorty’s McKinney LLC for the Environmental Remediation, Fire Suppression, Historic Façade Restoration Improvements, and Critical Maintenance at 109 N Kentucky 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 revised Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement that meets the funding policies.
ITEM SUMMARY:
The applicant requests an economic development grant from Tax Increment Reinvestment Zone Number One in support of an environmental remediation, historic façade improvement, fire suppression, and critical maintenance project at 109 N Kentucky Street. The request is as follows:
The applicant is requesting $91,390 in TIRZ funding to offset the cost of the project. The project consisted of:
Fire suppression in hood system and DFS fire systems
Removal of rubble from ceiling and subsequent ceiling renovation
Façade work
The applicant completed the work before submitting the request for funding, which is why there are not multiple bids presented in support of this application.
The total investment by the applicant in the project was $718,264.14, which accounts for the cost of both TIRZ-eligible and ineligible expenditures. The applicant is requesting an eligible portion of that cost to be reimbursed.
Staff reviewed the requested funding amounts and identified funding amounts that are within the appropriate expenditure thres...
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