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McKinney council approves $7.5 million water‑fund allocation for land purchase and interlocal deal with McKinney ISD
Summary
The City of McKinney approved a $7.5 million budget amendment from its water fund and agreed to a purchase-and-sale and interlocal agreement with McKinney ISD for land that will include a new water 'take point' and potential multi‑generational facilities; the school district will provide roughly $11 million in in‑kind consideration, officials said.
The City of McKinney on Jan. 20 approved two consent items authorizing a budget amendment to allocate $7,500,000 from the water fund to acquire a parcel of land and to enter a purchase‑and‑sale and interlocal agreement (ILA) with McKinney Independent School District.
Assistant City Manager Trevor Minyard told the council the $7.5 million is part of a larger transaction with McKinney ISD and that the district is expected to provide about $11,000,000 in in‑kind consideration tied to development of a multi‑generational…
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