Title
Consider/Discuss/Act on a Resolution Authorizing the Execution of a Chapter 380 Economic Development Agreement and Project Plan Implementation Agreement with TUPPS Brewery for a Build Your Own Business Project (Innovation/Pilot Project) Located at 402 East Louisiana Street (REQUEST WITHDRAWN)
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: November 5, 2024
DEPARTMENT: Development Services - Planning Department
CONTACT: Jennifer Arnold, AICP, Director of Planning
Cameron Christie, Planner I
RECOMMENDED BOARD ACTION:
• No action required. The applicant has withdrawn their request.
ITEM SUMMARY:
• This item was originally considered at the September 30 TIRZ No. 1 meeting and action was tabled to November 5.
• Since that time, the applicant has secured other sources of funding for their proposed project. As such, they have withdrawn their TIRZ No. 1 funding request.
BACKGROUND INFORMATION:
• Under Chapter 311 of the Texas Tax Code and Chapter 380 of the Texas Local Government Code, the TIRZ Board has the authority to make loans or grants of TIRZ funds for the purpose of promoting local economic development and stimulating businesses and commercial activity within the reinvestment zone.