McKinney | August 2022

CITY

News from McKinney

COMPILED BY MIRANDA JAIMES

CITY HIGHLIGHTS MCKINNEY A project to install a large-scale mural on the east side of SH 5 in McKinney is nearing completion. International artist Guido van Helten intends to complete the mural’s installation by the end of August. Completion will signal the end of a citywide project that started in July 2021, which included citizen surveys and partial funding from grants and donations, according to the city website. MCKINNEY The city agreed Aug. 16 to end a contract with McRight-Smith Construction, due to the firm’s filing for bankruptcy in the spring. McRight-Smith Construction was brought on by the city in late 2020 to complete work on the McKinney National Airport’s executive terminal. Efforts to finish the project have encountered turbulence in the past, with the city contracting Western LLC in 2018 to work on the terminal before McRight-Smith. Western LLC defaulted on the agreement and filed for bankruptcy in early 2020. McRight-Smith showed six weeks of work left on the last schedule produced before giving notice to the city. The city plans to have a replacement contractor, hired by the Surety company, in the near future, a spokesperson for the city said. McKinney City Council Meets at 6 p.m. Sept. 6 at McKinney City Hall, 222 N. Tennessee St., McKinney www.mckinneytexas.org Collin County Commissioners Court Meets at 1:30 p.m. Sept. 12 and 19 at the Jack Hatchell Administration Building, 2300 Bloomdale Road, McKinney | www.collincountytx.gov McKinney ISD board of trustees Meets at 6 p.m. Aug. 23 at MISD Stadium, 4201 S. Hardin Blvd., McKinney | www.mckinneyisd.net MEETINGS WE COVER

McKinney officials propose lower tax rate for FY 2022-23 MCKINNEY City Council approved a maximum total prop- erty tax rate at the lowest amount in the city’s recent history. McKinney City Council voted Aug. 2 to set the maximum property tax rate for fiscal year 2022-23 at $0.459547 per $100 valuation. That is a 7.66% decrease from the tax rate set in last year’s budget. The Aug. 2 vote establishes the maximum rate the city is allowed to adopt for its next fiscal year budget. The City Council can still vote to adopt a lower tax rate than the proposed $0.459547 per $100 valuation. McKinney’s Chief Financial Officer Mark Holloway noted that the city manag- er’s recommended tax rate will be lower than the maximum rate. “Every year we set a ceiling that has been significantly higher than what we actually set,” Mayor George Fuller said at the meeting. Council Member Rick Franklin asked if this was the largest

CITY OF MCKINNEY PROPERTY TAX RATE McKinney set a maximum property tax rate for fiscal year 2022-23. The city’s tax rate has trended downward since fiscal year 2016-17.

$0.6 $0.4 $0.2 $0

SOURCE: CITY OF MCKINNEY/COMMUNITY IMPACT NEWSPAPER

*MAXIMUM TAX RATE

tax rate reduction the city has had, to which Holloway responded in the affirmative. The city manager’s recommended budget was discussed at the Aug. 12 budget work session, and a public hearing on the budget was held Aug. 16. In September council will hold its second public hearing on the budget and plans to adopt the final version of the budget as well as hold a public hearing on the tax rate and adopt the new tax rate.

Project to bring about 216 senior housing units MCKINNEY City Council unan- imously approved a project that would develop about 216 senior multifamily units on about 12.9 acres northeast of the Craig Ranch Corporate Center. Bob Roeder, who represented the applicant Aug. 16, said this would be an active senior living community. “There is a need in our commu- nity for this,” he said to council. “It is fortunate for this particular site that we have a lot of medical

$250K grant provided to proposed hotel MCKINNEY Developers have plans to bring a new 102-room hotel to District 121 with help from a $250,000 grant from the McKinney Community Development Corp. Hotel Denizen is planned to be an upscale hotel, officials said. The grant was approved in May and would help fund a public-use terrace.

COLLIN MCKINNEY PKWY.

VAN TUYL PKWY.

services in the immediate area.” Roeder said he expected the project to have an economic impact of more than $6 million annually. The 12.9 acres would be split into two tracts, with the senior multifamily uses on about 8.2 acres, and the remaining acreage would develop as a local commercial district, city staff said. The types of commercial development allowed in this tract include assisted living nursing homes, day cares, fitness clubs and more, staff said.

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MCKINNEY EDITION • AUGUST 2022