Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
McKinney Public Facilities Corporation adopts bylaws to split net revenue 50/50 for housing, elects officers
Summary
The McKinney Public Facilities Corporation approved a resolution adopting first amended and restated bylaws that direct 50% of net revenue to a community housing fund and 50% to the general fund. The corporation also elected new officers and approved prior minutes.
At a meeting at McKinney City Hall, the McKinney Public Facilities Corporation voted to adopt amended bylaws that direct 50% of the corporation's net revenue to a community housing fund and the remaining 50% to the city's general fund. The board also held elections for chair, vice chair and treasurer and approved minutes from its Dec. 19, 2023 meeting.
Crystal Todd, the city's affordable housing administrator, told the board the change would create “a 50 50 split on the revenue on the net revenue received by the public facilities corporation. That would be 50% into the community housing…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
