Summary

McKinney grants support projects and retail improvements

McKinneySep 25, 20252 min read

At a glance

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The board approved a $1.717 million reimbursement grant for the NeighborHub project, with payment tied to completion of the work and transfer of ownership to Catholic Charities. It also approved reduced retail infrastructure funding for 380 Marketplace LLC and full requested funding for The Cotton Mill, and later backed a VENU Holding Corporation agreement change to lower the required parking count from 5,100 to 5,000, pending City Council approval.

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Retail Development McKinney Community Development McKinney Economic Development Deliberation Regarding Economic Development

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McKinney Community Development Corporation

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CommerceHousing

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What this means

The biggest action was funding for the NeighborHub project, which will expand to a three-acre site with a 35,000- to 45,000-square-foot facility at 2000 W. White Avenue. The board raised the grant amount to $1,717,192, but said the money will be paid only after the work is completed and ownership is transferred to Catholic Charities. The board also approved $40,000 for infrastructure improvements at 380 Marketplace LLC and $27,458.92 for drainage and surface work at The Cotton Mill. In addition, it supported a development agreement change that would reduce the required parking spaces for VENU Holding Corporation from 5,100 to 5,000, but that change still needs City Council approval.

Key decisions

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Approved a reimbursement grant of $1,717,192 for Sanchez Charities' NeighborHub project, with payment conditioned on completion of the work and transfer of ownership to Catholic Charities.
Approved up to $40,000 in eligible reimbursements for 380 Marketplace LLC for exterior electrical, water line replacement, and site improvements.
Approved up to $27,458.92 in eligible reimbursements for The Cotton Mill for drainage and concrete-to-turf work at the outdoor wedding venue.
Approved an amendment to the VENU Holding Corporation development agreement to reduce the parking requirement from 5,100 to 5,000 spaces, subject to City Council approval.

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Meeting information

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McKinney Community Development Corporation

Sep 25, 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.
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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 August 28, 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
Conduct a Public Hearing and Consider/Discuss/Act on a Request to Amend Project 4B24-15, Submitted by and Awarded to Sanchez Charities, LLC and to Supplement the Project Application for Project 4B24-15 to Include Catholic Charities of Dallas as an Additional Eligible Grant Applicant/Recipient, and Increase the Grant Award from Five Hundred Seventeen Thousand One Hundred Ninety-Two and No/100 Dollars ($517,192.00) to One Million Seven Hundred Seventeen Thousand One Hundred Ninety-Two and No/100 Dollars ($1,717,192.00) for Construction of Horizontal Infrastructure to Support an Increased Project Scope for the NeighborHub to Include a Three (3) Acre Site and a 35,000-45,000 Square Foot Facility to be Located at 2000 W. White Avenue, McKinney, Texas. Amount Requested Represents 14.55% of Total Project Cost.
Consider/Discuss/Act on a Retail Development Infrastructure Grant Application (RI 25-04) Submitted by 380 Marketplace LLC in the Amount of Fifty Thousand and NO/100 Dollars ($50,000.00) for Infrastructure Improvements Including Exterior Electrical, Water Line Replacement, and Site Improvements for Retail Shopping Center Located at 2414 W. University Drive, McKinney. Amount Represents 9% of the Total Project Cost.
Consider/Discuss/Act on a Retail Development Infrastructure Grant Application (RI 25-05) Submitted by The Cotton Mill in the Amount of Twenty-Seven Thousand Four Hundred Fifty-Eight and 92/100 Dollars ($27,458.92) for Installation of Drainage and Replacement of Concrete with Turf for the Outdoor Wedding Venue at The Cotton Mill Located at 610 Elm Street, McKinney. Amount Represents 75% of the Total Project Cost.
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 20-09 TUPPS Brewery & Entertainment Destination Project Hemispheres Venu/Notes Live Project 24-15 Sanchez Charities NeighborHub RI 25-04 380 Marketplace LLC RI 25-05 Cotton Mill
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 19th of September, 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.
Conduct a Public Hearing and Consider/Discuss/Act on a Request to Amend Project 4B24-15, Submitted by and Awarded to Sanchez Charities, LLC and to Supplement the Project Application for Project 4B24-15 to Include Catholic Charities of Dallas as an Additional Eligible Grant Applicant/Recipient, and Increase the Grant Award from Five Hundred Seventeen Thousand One Hundred Ninety-Two and No/100 Dollars ($517,192.00) to One Million Seven Hundred Seventeen Thousand One Hundred Ninety-Two and No/100 Dollars ($1,717,192.00) for Construction of Horizontal Infrastructure to Support an Increased Project Scope for the NeighborHub to Include a Three (3) Acre Site and a 35,000-45,000 Square Foot Facility to be Located at 2000 W. White Avenue, McKinney, Texas. Amount Requested Represents 14.55% of Total Project Cost.

McKinney grants support projects and retail improvements

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