Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2025-2026 Annual Budget and Amending the 2026-2030 Capital Improvements Program, to Provide Funds for the Downtown Parking Structure and City Park Relocation Project (FC2634)
Summary
COUNCIL GOAL: Direction for Strategic and Economic Growth
(1.2: Continue to develop a retail development strategy for key areas of the community to further diversify revenue sources and expand entertainment, dining and shopping options and tourism to become a “Live, Work, & Play” community.)
Enhance the Quality of Life in McKinney
(5.5: Enhance connectivity to parks & civic facilities, schools/education centers, libraries, health care providers, commercial corridors, etc.)
MEETING DATE: March 3, 2026
DEPARTMENT: Public Works Department
Facilities Construction Division
CONTACT: Ryan Gillingham, P.E. - Director of Public Works
Patricia L. Jackson, PE, Facilities Construction Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the ordinance.
ITEM SUMMARY:
• This is a budget amendment for the Downtown Parking Structure and City Park Relocation Project to accommodate strategic and economic growth needs of the City.
BACKGROUND INFORMATION:
• An accompanying Resolution for a Design/Build Services Agreement is also on this agenda for City Council approval.
FINANCIAL SUMMARY:
• This Ordinance amends the Fiscal Year 2025-2026 Annual Budget and the 2026-2030 Capital Improvements Program by appropriating $411,500 from the TIRZ 1 Fund balance and transferring it to the Facilities Improvement Fund.
• The budget shall be amended by appropriating $411,500 from the Facilities Improvement Fund balance to the Capital Improvement Program for the Downtown Parking Structure project (FC2634).
BOARD OR COMMISSION RECOMMENDATION: N/A