Title
Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Haddington Fund, LP (#23-02) in an Amount of Seventy-Seven Thousand, Three Hundred Seventy and NO/100 Dollars ($77,370.00) for Construction and Installation of Two Neon Signs at The Flour Mill Located at 407 E. Louisiana Street, McKinney, Texas.
Summary
COUNCIL GOAL: 5: Enhance the Quality of Life in McKinney
5C: Promote reinvestment activities and ordinance changes in
Historic Downtown McKinney that balance preservation of historic
character and current market needs.
5D: Develop sustainable quality of life improvements within the City of McKinney.
MEETING DATE: January 26, 2023
DEPARTMENT: McKinney Community Development Corporation
CONTACT: Cindy Schneible, President
ITEM SUMMARY:
• McKinney Community Development Corporation will conduct a public hearing on a project grant application submitted by The Haddington Fund, LP for two neon signs at The Flour Mill in McKinney.
• One sign will be installed on top of The Flour Mill and a second sign will be installed on the building promoting The Diamond Hall.
BACKGROUND INFORMATION:
• The McKinney Flour Mill opened in 1872 and is now a historic gem in the heart of McKinney’s East Side Historic District.
• The venue hosts corporate events, weddings and other celebrations in its unique event halls.
• Additionally, The Flour Mill is home to several local businesses.
FINANCIAL SUMMARY:
• Funds allocated for MCDC discretionary Project Grants for FY23 totaled $2,177,223.
• In FY 2021, MCDC awarded a Retail Development Infrastructure Grant for $25,000 for infrastructure improvements to Ashlee’s Garden, an outdoor event space located at The Flour Mill.
• The request is eligible for MCDC consideration under Section 505.152 of the Texas Local Government Code - Projects related to museums and exhibition facilities.
SUPPORTING MATERIALS:
• Application Packet
• Presentation