Title
Consider/Discuss/Act on a Resolution Approving a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with The Parks Church for the Critical Maintenance and Historic Fa?ade Restoration Improvements Project Located at 110 E Davis Street
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: October 21, 2025
DEPARTMENT: Development Services - Planning Department
CONTACT: Cassie Bumgarner - Planning Manager
RECOMMENDED BOARD ACTION:
* Staff recommends the approval of the Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement.
ITEM SUMMARY:
* The applicant requests an economic development grant from Reinvestment Zone Number One in support of a critical maintenance project at 110 East Davis Street. The request is to assist specifically with the following TIRZ 1 eligible expenses under the Vacant/Underutilized Sites/Buildings project category of the Project Plan:
* Critical Maintenance
o Re-roofing
o Trenching and installing pipe to redirect water away from the structure to address drainage concerns
* Historic Fa?ade Restoration Improvements
o Brick and stucco restoration and repair
* As proposed, the applicant is requesting $25,400.00 in TIRZ funding to offset the cost of the maintenance project.
* Per the TIRZ Administration Policy, the allocation and/or awarding of TIRZ 1 funds for critical maintenance shall be limited to the lesser of the grant/reimbursement or $100,000 per qualifying project and should be considered on a 50/50 match basis. The allocation and/or awarding of funds for historic fa?ade restoration improvements shall be limited to the lesser of the grant/reimbursement or $50,000 per qualifying project.
* The applicant completed the work before submitting the request for funding. The s...
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