Summary

MCDC approves event grants

McKinneyJul 24, 20254 min read

At a glance

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The board approved multiple promotional and community event grants, including full funding for several events and reduced awards for others, and moved its proposed FY26 budget forward for inclusion in the city budget process.

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Sphinx Development The McKinney Community Development A Development McKinney Community Development McKinney Economic Development Deliberation Regarding Economic Development West Grove Retail Development Community Development

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McKinney Community Development Corporation

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What this means

The McKinney Community Development Corporation approved funding for a range of local events and promotions, including Chestnut Square events, the Parade of Lights, the McKinney Asian Food and Art Festival, McKinney Repertory Theatre shows, Veterans Day Celebration promotion, Myers Park events, Oktoberfest, arts events, and Rooted in Rhythm. Some requests were funded at less than the amount asked, based on the board’s review of past results, available grant funds, and how well applicants documented their marketing plans. The board also reviewed June financials showing $2.5 million in revenue and $31.3 million in expenses, and it advanced its proposed FY26 budget for city review.

Key decisions

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Approved the June 26, 2025 meeting minutes.
Reviewed June financials showing $2.5 million in revenue and $31.3 million in expenses.
Approved a $14,905 promotional grant for The Heritage Guild of Collin County.
Approved a $7,500 promotional grant for McKinney Rotary Foundation.
Approved a $12,000 promotional grant for Texas Women Society, below the $13,500 request.
Approved a $6,790 promotional grant for McKinney Repertory Theatre.
Approved a $5,000 promotional grant for The Warrior's Keep, below the $12,500 request.
Approved a $12,000 promotional grant for Collin County Master Gardeners Association.
Approved a $14,000 promotional grant for McKinney Main Street.
Approved a $4,200 promotional grant for Art Club of McKinney, below the $7,100 request.
Approved a $4,000 promotional grant for Millennial Maven Creative Foundation, below the $10,000 request.
Sent the proposed FY26 budget to the City Manager’s Office for inclusion in the complete McKinney FY26 budget.

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Meeting information

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McKinney Community Development Corporation

Jul 24, 2025, 8:00 AMCouncil Chambers 401 E. Virginia Street McKinney, TX 75069scheduled

Agenda

PURSUANT TO TEXAS GOVERNMENT CODE SECTION 551.002, A QUORUM OF THE CITY COUNCIL AND/OR CITY BOARDS & COMMISSIONS MAY BE PRESENT. NO CITY COUNCIL, BOARD OR COMMISSION ACTION WILL BE TAKEN.
WATCH THE BROADCAST LIVE
This meeting will be streamed live on through the City’s website. Members of the public who wish to watch this meeting may watch the live stream online at: https://mckinneytx.new.swagit.com/views/130
CALL TO ORDER
INVOCATION
PLEDGE OF ALLEGIANCE
PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items)
If you wish to address the Board on a posted item on this agenda, please fill out a "Request to Speak" card and present it to the Clerk before the meeting. Pursuant to Section 551.007 of the Texas Government Code, any person wishing to address the Board for items listed as public hearings will be recognized when the public hearing is opened. Speakers wishing to address the Board regarding any non-public hearing item on this agenda shall have a time limit of three (3) minutes per speaker, per agenda item. The Board Chair may reduce the speaker time limit uniformly to accommodate the number of speakers or improve meeting efficiency.
CONSENT ITEMS
This portion of the agenda consists of non-controversial or housekeeping items required by law. Items may be considered individually by the Board or Commission member making such request prior to a motion and vote on the Consent Items.
Minutes of the McKinney Community Development Corporation Meeting of June 26, 2025
REPORTS
Financial Report
Board and Liaison Reports Board Chair City of McKinney Visit McKinney McKinney Economic Development Corporation McKinney Main Street/MPAC McKinney Parks and Recreation
President’s Report
REGULAR AGENDA ITEMS
Speakers wishing to address the Board regarding any non-public hearing item on this agenda shall have a time limit of three (3) minutes per speaker, per agenda item. The Board Chair may reduce the speaker time limit uniformly to accommodate the number of speakers or improve meeting efficiency.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by The Heritage Guild of Collin County (PC 25-17) in the Amount of $14,905.00 for the Advertising, Marketing and Promotion of 2025 Events at Chestnut Square Including Farmers Market, Ghostly Hauntings, Trolley Tours, Pumpkin Pals, Educational Programming, and Holiday Tour of Homes.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Rotary Foundation (PC 25-18) in the Amount of $7,500.00 for the Advertising, Marketing and Promotion of the 2025 Parade of Lights.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Texas Women Society (PC 25-19) in the Amount of $13,500.00 for the Advertising, Marketing and Promotion of the 2025 McKinney Asian Food and Art Festival
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Repertory Theatre (PC 25-20) in the Amount of $6,790.00 for the Advertising, Marketing and Promotion of the Two Unique Shows in 2025.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by The Warrior’s Keep (PC 25-21) in the Amount of $12,500.00 for the Advertising, Marketing and Promotion of the 2025 Veterans Day Celebration at TUPPS Brewery.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Collin County Master Gardeners Association (PC 25-22) in the Amount of $14,500.00 for the Advertising, Marketing and Promotion of the 2025-2026 Events at Myers Park Consisting of Eight Unique Events Including The Annual Garden Show, Plant Sales, A Walk in the Park, and Educational Workshops.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by McKinney Main Street (PC 25-23) in the Amount of $14,000.00 for the Advertising, Marketing and Promotion of the 2025 McKinney Oktoberfest.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Art Club of McKinney (PC 25-24) in the Amount of $7,100.00 for the Advertising, Marketing and Promotion of 2025-2026 Events, Including Three Art Shows, Four Workshops, and Thirteen Community Events.
Consider/Discuss/Act on Promotional and Community Event Grant Application Submitted by Millennial Maven Creative Foundation (PC 25-25) in the Amount of $10,000.00 for the Advertising, Marketing and Promotion of the 2025 Rooted in Rhythm Event.
Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by The Harbor at Adriatica Master Condominium Association, Inc. (4B25-12) in the Amount of Two Hundred Thirty-Three Thousand One Hundred Thirty-Seven and No/100 Dollars ($233,137.00) to Replace the Code-Required Fire Suppression System Within the Structured Parking Facility Containing 438 Public Parking Spaces Located at 6675 Mediterranean Drive, McKinney, Texas. Request Represents 72% of Total Project Cost.
Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by McKinney Main Street (4B25-13) in the Amount of Eighty Thousand and No/100 Dollars ($80,000.00) to Fabricate and Install a Fifty-Foot Neon Monument Sign to Promote Historic Downtown McKinney Located on City Right of Way Median at the Northeast Intersection of Highway 75 and Virginia Street, McKinney, Texas. Request Represents 45% of Total Project Cost.
Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by the City of McKinney Parks and Recreation Department (4B25-14), in the Amount of Eight Million and No/100 Dollars ($8,000,000.00) for Parks Accessibility Improvements, Trails Plan, Al Ruschhaupt Park Road Connection, Old Settler’s Park Improvements and Erwin Park Improvements.
Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Habitat for Humanity of Collin County (4B25-15) in the Amount of Three Hundred Five Thousand and No/100 Dollars ($305,000.00) for Repairs and Renovations at Three Properties in McKinney (1304 Garcia, 305 Lively Hill, and 611 Bumpas). Request Represents 75% of Total Project Cost.
Conduct a Public Hearing and Consider/Discuss/Act on a Project Grant Application Submitted by Entertainment Properties 360 LLC (4B25-16) in an Amount of Two Million and No/100 Dollars ($2,000,000.00) for Enhancements to the Privately Owned, Publicly Accessible Park Located in the Commercial Portion of West Grove Retail Development at 8701 West University Drive, McKinney, Texas, to Include Playscapes, Shade Structure, Water Feature, Trees, Public Restrooms, and Wi-Fi. Request Represents 100% of Total Project Cost.
Consider/Discuss/Act on an Amended Project #17-04, Submitted by Craig Ranch Luxury Hotel SPE Owner LP, for an MCDC Loan in the Amount of Ten Million Two Hundred Fifty Thousand and NO/100 Dollars ($10,250,000.00) and an MCDC Grant in the Amount of Twenty-Five Million and NO/100 Dollars ($25,000,000.00) for Partial Funding for the Construction of a JW Marriott Resort Hotel; The Amount Requested Represents 10.8% of the Total Estimated Project Cost of Three Hundred Twenty-Five Million and NO/100 Dollars ($325,000,000.00)
Consider/Discuss/Act on an Amendment to a Previously Approved Project Grant Application Submitted by ClubCorp NV XXVI, LLC (Invited, Inc.) (4B 25-04) in the Amount of up to One Million Five Hundred Thousand and NO/100 Dollars ($1,500,000.00) for the Construction of Public Infrastructure Improvements Necessitated by Erosion at the TPC Craig Ranch Golf Course Located at 8000 Collin McKinney Parkway, McKinney, Texas.
Consider/Discuss/Act on a Request from City of McKinney, Housing and Community Development Department to Amend Project Grant 4B23-12 Awarded on August 24, 2023, in the Amount of Two Hundred Thousand and NO/100 Dollars ($200,000.00) to Increase Per Home Funding to $40,000 for Property Maintenance Program from $20,000 as Originally Approved. Remaining unspent funds allocated to this project total $147,738.00.
Consider/Discuss/Act on an Extension to the Term of the Loan Agreement for Project 4B24-08, Awarded to SDC Throckmorton Villas, A Development of Sphinx Development Corporation, a Division of The Sphinx Group, for Infrastructure Improvements Related to the Construction of 380 Villas, to December 31, 2025.
Consider/Discuss/Act on Proposed MCDC Fiscal Year 2026 Budget.
PUBLIC COMMENTS Regarding Matters not on the Agenda
BOARD COMMENTS
EXECUTIVE SESSION
In accordance with the Texas Government Code: Section 551.087. Deliberation Regarding Economic Development Matters Project Hemispheres Venu/Notes Live Project 20-09 TUPPS Brewery & Entertainment Destination Project 17-04 Craig Ranch Resort Hotel Project 24-15 Sanchez Charities NeighborHub Project 25-04 Invited Amendment Request 4B 25-12 The Harbor at Adriatica Master Condominium Association 4B 25-13 Main Street Monument Sign 4B 25-14 McKinney Parks and Rec 4B 25-15 Habitat for Humanity of CC 4B 25-16 Entertainment Properties 360
ACTION ON EXECUTIVE SESSION
ADJOURN
Posted in accordance with the Texas Government Code, Chapter 551, at least seventy-two (72) hours prior the start of the meeting, on or before the 18th of July, 2025, 5:00 p.m. ___________________________ Cindy Schneible, President
In accordance with the Americans with Disabilities Act, it is the policy of the City of McKinney to offer its public programs, services, and meetings in a manner that is readily accessible to everyone, including individuals with disabilities. If you are a person with a disability and require information or materials in an appropriate alternative format; or if you require any other accommodation, please contact the ADA Coordinator at least 48 hours in advance of the event. Email contact-adacompliance@mckinneytexas.org. Advance notification within this guideline will enable the City to make reasonable arrangements to ensure accessibility. ADA grievances may also be directed to the ADA Coordinator or filed online at http://www.mckinneytexas.org/ada.

MCDC approves event grants

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