Title
Conduct a Public Hearing and Consider/Discuss/Act on a Retail Development Infrastructure Grant Application Submitted by Waterboy RE, LLC (RI 24-01) in the Amount of Twenty-Four Thousand Three Hundred Sixty-Four and 20/100 Dollars ($24,364.20) for the Installation of a Fire Alarm System at Harvest at the Masonic Located at 215 N. Kentucky, McKinney.
Summary
COUNCIL GOAL: 1: Direction for Strategic and Economic Growth
1C: Continue to develop a retail strategy for key areas of the community to diversify revenue sources and expand entertainment, dining and shopping options and tourism.
MEETING DATE: February 22, 2024
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• McKinney Community Development Corporation will conduct a public hearing on a retail development infrastructure grant application submitted by Waterboy RE for Harvest at the Masonic.
• Project elements include installation of a complete fire alarm system.
BACKGROUND INFORMATION:
• Harvest initially opened in 2014 to serve great food while making a long-term impact on the community by supporting local farmers, ranchers and artisans. The restaurant sources most of its food from a 150-mile radius.
• Harvest has renovated, relocated and opened for business at the former Masonic Temple in McKinney’s Downtown Historic District.
FINANCIAL SUMMARY:
• Funds allocated for MCDC Retail Development Infrastructure Grants total $300,000. Maximum award for any single grant is $50,000.
• In FY 2023, Waterboy RE was awarded a Retail Development Infrastructure Grant for $50,000 for fire suppression equipment and fur downs at Harvest at the Masonic.
• The request is eligible for MCDC consideration under Section 501.103 of the Texas Local Government Code.
SUPPORTING MATERIALS:
• Application Packet