Palladium McKinney Ranch $2.5 Million Grant Amendment (26-0821)
View full legal title
4B26-01 Palladium
Get notified on new hearings, votes, or status changes for this matter.
Actions
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
Key Entities
View relationship map
Loading relationship map…
Timeline
A motion was made by Micheletto, seconded by Booth,that this Agenda Item be Approved . The motion carried by the following vote.
A motion was made by Micheletto, seconded by Booth,that this Agenda Item be Approved . The motion carried by the following vote.
A motion was made by Richardson-Woods, seconded by Micheletto,that this Agenda Item be Approved Closing Public Hearing . The motion carried by the following vote.