Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2025-2026 Annual Budget to Provide Funds for the purpose of Land Acquisition
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
MEETING DATE: January 20, 2026
DEPARTMENT: City Manager’s Office
CONTACT: Trevor Minyard, Assistant City Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approve ordinance
ITEM SUMMARY:
• This Ordinance amends the Fiscal Year 2025-2026 Annual Budget by appropriating $7,500,000 from the Water and Wastewater Fund balance for the purpose of land acquisition.
BACKGROUND INFORMATION:
• Throughout 2025, the Engineering Department and City Manager’s Office have been evaluating parcels of land in the northern section of McKinney to develop a fifth take point for water.
• The McKinney Independent School District has made two parcels totaling approximately 110 acres available to the city for $7,500,000 in addition to other in-kind considerations relating to current and future Parks and Recreation facility use for aquatics activities at MISD.
• These parcels are sufficiently located for the development of the Engineering Department’s fifth water take point.
FINANCIAL SUMMARY:
• This Ordinance amends the Fiscal Year 2025-2026 Annual Budget by appropriating $7,500,000 from the Water and Wastewater Fund balance for the purpose of land acquisition.
BOARD OR COMMISSION RECOMMENDATION:
• N/A