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Visit McKinney board hears city finance and event reports; approves March minutes
Summary
At its April 29 meeting, the Visit McKinney board received reports on city credit ratings, airport infrastructure planning, building-inspection ISO improvements, MEDC grant considerations and tourism sales metrics. The board approved the March minutes and later adjourned by voice vote.
The Visit McKinney board received briefings April 29 from city and staff liaisons on credit ratings, airport infrastructure planning and departmental performance, and it approved the minutes of the March 25, 2025, board meeting by voice vote.
City manager Paul Grimes told the board that Standard & Poor’s reaffirmed the city’s A rating and Moody’s reaffirmed an A (double A) rating; Grimes said these investment-grade ratings are timely because the city plans to issue debt for capital-improvement projects. Grimes also said the council has approved issuing debt for East Side infrastructure work at McKinney National Airport to prepare for commercial passenger service and that the council will consider a guaranteed maximum price contract (GMP) for that work on May 6.
Why it matters: Reaffirmed investment-grade ratings can lower borrowing costs for municipal projects; the airport infrastructure work is part…
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