Review Process

McKinney Community Development Corporation is responsible for reviewing and voting on applications for funding projects and initiatives in accordance with state law.  The board consists of seven members, appointed by the McKinney City Council.  The Application Review Process is outlined below.  
  • MCDC staff is available to review Letter of Inquiry/draft application, prior to submission, and answer questions.  Staff may request additional information at this time.  
  • Completed applications must be submitted on CD to MCDC in accordance with the 2016 grant schedule outlined previously.  
  • Applications may be reviewed by MCDC legal counsel to determine if the request for funds is eligible under state law.  
  • Once eligibility for consideration is confirmed, Applicants will be notified and placed on the meeting agenda to make a presentation to the board.  Following each presentation, board members will have an opportunity to ask questions of the applicant.  Please note:  this is a formal presentation and time limits may be imposed
  • The meeting will be a public hearing, and notice of the application and request for funding will be published and posted in accordance with the requirements of the Open Meetings Act and The Development Corporation Act.  The application along with all documents/attachments included will become public information.  
  • Board members will evaluate applications and presentations and prepare to take action on the request at a future MCDC board meeting.  Please refer to the 2016 Grants Calendar for the schedule.  
  • Applications may be referred to a board subcommittee for additional research and evaluation.    
  • Board action will generally be scheduled for the following month’s board meeting. However, the schedule may be delayed if the board determines additional research and/or discussion is warranted.  When action is taken, the board may approve, table or reject an application, by a majority vote of the board members present.  
  • Applications approved by the MCDC board for economic development or capital projects will require additional approval by the McKinney City Council.    
  • Funds awarded for approved applications are expended on a reimbursement basis.  
  • The final 20% of the award will be paid upon receipt of the final report and compliance with all requirements of the performance agreement. 

Please note:  public funds will become available to an approved applicant 60 days after the date of publication of the Notice of Public Hearing referenced above.