McKinney Community Development Corporation · 8:00 AM · City Hall Council Chambers
Matters
Site-specific scope
Palladium McKinney Ranch $2.5 Million Grant Amendment (26-0821)
Showing all 2 actions. Filter by: , .
Obtain amended grant agreement for McKinney Ranch land acquisition
Applies if: You represent a party affected by or contracting with Palladium McKinney Ranch, LTD or the Corporation
Why now: The amendment to Project Grant 4B26-01 to include acquisition of land was approved on 2026-08-27, but the supplied record contains no agreement language or next procedural step.
What to do: Get the executed amendment and underlying grant agreement to determine what land-acquisition terms, such as repayment, reversion, or performance conditions, attach to the $2.5 million. The vote record does not show these terms, so the question is whether the amendment was executed and on what conditions.
Act before: After the next material record update
Request records explaining grant amendment for McKinney Ranch land purchase
Why now: The record shows three entries on 2026-08-27, including a separate closing of the public hearing and two identical approval motions by Micheletto and Booth, for an amendment to Project Grant 4B26-01 awarded to Palladium McKinney Ranch, LTD.
What to do: Ask the McKinney Community Development Corporation for the original grant award and the amendment text to see what changed when land acquisition was added to the $2.5 million grant. Without the side-by-side comparison, the public can't tell whether this was a scope expansion or a repurposing of existing money.
Act before: After the requested records are produced
Roots Farm Relocation Infrastructure Grant (26-0822)
Showing all 2 actions. Filter by: , .
Track bidding for Roots Farm utilities and site work
Applies if: Firm performs site utility or earthwork
Why now: Application 4B26-09 for $764,953 was approved on 2026-08-27 covering underground utilities, dirt work, irrigation, sanitary, and driveway/parking at Gray Branch Park, and no next procedural step is listed.
What to do: Contact Harvest Seed Project Foundation to learn how it will buy the underground utilities, dirt work, irrigation, sanitary, and driveway/parking work. The grant recipient is a foundation, so work may be solicited privately rather than through a city bid notice.
Act before: After the next material record update
Request budget behind Roots Farm relocation grant
Applies if: Reader is covering the grant or city park use
Why now: The McKinney Community Development Corporation approved $764,953 for application 4B26-09 on 2026-08-27 in two separate passing motions (closing the hearing, then approving), yet the items state only that this is 33% of total project cost.
What to do: Ask for the full project budget and funding sources for the farm relocation to Gray Branch Park. The grant covers only 33% of total cost, so the public record does not show who pays the remaining roughly two-thirds.
Act before: After the requested records are produced
McKinney Community Development Corporation Potential Projects Subcommittee Minutes (26-0811)
McKinney Community Development Corporation Meeting Minutes (26-0808)
McKinney Community Development Corporation Strategic Planning Minutes (26-0809)
Analysis
Financial Highlights
Development & Land Use
Historic Preservation
Infrastructure & Facilities
Community Impact
Governance & Oversight
Housing
Insights by Role
Developer
HighHigh significance — major decision, large financial impact, or broad community effectThe Palladium amendment (#31, File 26-0821) shows MCDC will amend grant terms to fit project needs. Developers with projects tied to housing or site costs should note that an existing MCDC award can be reshaped, such as by adding land acquisition, rather than requiring a new application.
Journalist
HighHigh significance — major decision, large financial impact, or broad community effectThe Palladium grant amendment (#31) appears to expand the use of a $2,500,000 award after it was granted, and the extension of the $5.5M Erwin Park award (#25) pushes completion to 2028. Both raise follow-up questions about why timelines and scope changed.
Lobbyist
MediumMedium significance — notable action worth trackingMCDC acted on grant amendments, term extensions and a bond resolution (#28), showing the board handles requests to change existing awards. Organizations with active MCDC awards should engage staff early on any scope or schedule change.
Resident
MediumMedium significance — notable action worth trackingThe Erwin Park term extension (#25) gives the City's Parks department until January 31, 2028 to complete $5,500,000 in park improvements, so residents who use the park should expect work to continue over a longer period. The Heard Museum grant (#23) also funds new exhibit and mural work.
31 items(13 procedural hidden)
(e.g., Approved, Denied, Held)
(e.g., Hearing Closed, Corrected, Referred)
AI-generated summaries. Click to expand for original text.
#3This 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
#6PUBLIC COMMENTS Regarding Matters not on the Agenda
#7PUBLIC COMMENTS ON AGENDA ITEMS (For Non-Public Hearing Items)
#8If 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 Gov
#10Presentation recognizing 30 years of the McKinney Community Development Corporation (MCDC) with a Community Partner Spotlight featuring District 121.
#11Update to Council on the construction progress at the McKinney Performing Arts Center (Courthouse Theater).
#13This 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 mo
#14Approval of the minutes from the McKinney Community Development Corporation meeting held on July 23, 2026.
#15Approval of the minutes from the McKinney Community Development Corporation Strategic Planning Meeting held July 9, 2026.
#16Approval of minutes from the July 13, 2026 meeting of the McKinney Community Development Promotional and Community Event Grant Subcommittee.
#17Approval of the minutes from the McKinney Community Development Corporation Potential Projects Subcommittee Meeting held July 20, 2026.
#19Presentation of the financial report to the board.
#20Board and liaison reports from the Board Chair, City of McKinney, Visit McKinney, McKinney Economic Development Corporation, McKinney Main Street/MPAC, and McKinney Parks and Recreation.
#21The President delivers a report to the board.
#23Consideration of a project grant application (4B26-11) from the Heard Natural Science Museum and Wildlife Sanctuary for $72,102.16 to install an indoor Bug Abode exhibit and paint/restore floor murals at One Nature Place, representing 37% of total project cost.
#24Consideration of a Type 4B project grant application (4B26-09) from CommonGood Medical for $447,677.25 to fund infrastructure improvements—parking, walkways, ADA, MEP/HVAC, and design and engineering—for the renovation of 2750 Virginia Parkway to facilitate expansion and relocation of the CommonGood Medical Clinic. The request represents 11% of total project cost.
#25Consideration of a request to extend the term of Project 4B24-09, awarded to the City of McKinney Parks and Recreation Department for $5,500,000 in Erwin Park improvements, through January 31, 2028.
#26Request to extend to September 30, 2026 the terms of Project 4B25-03, a $20,000 award to the McKinney Parks Foundation to purchase a Polaris Sportsman ATV and Bosski 1600 UT trailer accessory for trail improvement projects.
#27Consideration of a request to extend the term of Project 4B25-13, awarded to McKinney Main Street in the amount of $80,000 for fabrication and installation of a fifty-foot neon monument sign, to September 30, 2027.
#28Resolution authorizing the McKinney Community Development Corporation to issue Sales Tax Revenue Refunding Bonds, Taxable Series 2026 (TIFIA), pledging gross sales tax revenues to repay principal and interest, and approving a Paying Agent/Registrar Agreement and a TIFIA Loan Agreement.
#30Speakers 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 spe
#31Public hearing and action on an amendment to Project Grant 4B26-01 awarded to Palladium McKinney Ranch, LTD (a Palladium USA development) in the amount of $2,500,000 to expand the grant's eligible uses to include land acquisition.
#32Public hearing and action on a project grant application (4B26-09) from Harvest Seed Project Foundation for $764,953 to fund infrastructure—underground utilities, dirt work, irrigation, sanitary, and driveway/parking—for the expansion and relocation of McKinney Roots Farm to Gray Branch Park. The request represents 33% of total project cost.
#33Public hearing and action on a Retail Development Infrastructure Grant application from Shorty's McKinney, LLC (RI 26-01) for up to $29,644 covering 75% of exterior infrastructure costs — electrical, plumbing and site improvements — to open a restaurant at 109 N. Kentucky Street.
#34Public hearing and action on a Retail Development Infrastructure Grant application from Hope Hardware Building, LP (RI 26-02) for up to $50,000 covering 75% of the cost to install a grease trap with necessary plumbing and site work at the Hope Hardware Building, 214 E. Louisiana Street.
#37In accordance with the Texas Government Code: A. Section 551.071 Pending or contemplated litigation North Texas Conservation Association et al, Plaintiffs, v. McKinney Community Development Corporatio
#40Posted 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 21st of August 2026, 5:00 p.m. ______________________
#41In 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
Public hearing and action on an amendment to Project Grant 4B26-01 awarded to Palladium McKinney Ranch, LTD, a development of Palladium USA, in the amount of $2,500,000, to expand the grant's eligible uses to include acquisition of land.
Public hearing and action on an amendment to Project Grant 4B26-01 awarded to Palladium McKinney Ranch, LTD, a development of Palladium USA, in the amount of $2,500,000, to expand the grant's eligible uses to include acquisition of land.
Public hearing and action on a project grant application (4B26-09) from the Harvest Seed Project Foundation requesting $764,953 for infrastructure — underground utilities, dirt work, irrigation, sanitary, and driveway/parking — supporting the expansion and relocation of McKinney Roots Farm to Gray Branch Park. The request represents 33% of total project cost.
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