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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 facility and a possible aquatics amenity on or near the site. Minyard said the city plans to use part of the property to develop a fifth water 'take point' needed for the water system and that any other city uses developed on excess acreage would reimburse the water fund in kind.
"We are going to develop a fifth take point on the location of the land that we're purchasing," Minyard said, describing the acquisition as addressing a long‑known infrastructure need in the city's water system. He added staff had coordinated with the school district and briefed elected officials in executive session in prior months.
Council members asked how the water fund reimbursement would work if portions of the site were developed for parks, public works or other civic uses; Minyard said those uses would reimburse the water fund in kind. The council member who pulled the items for discussion then moved to approve them after the presentation; the motion was seconded and passed.
The agenda materials describe the purchase‑and‑sale agreement and the ILA with McKinney ISD but do not detail the exact parcel address in the public remarks, nor do they provide a line‑by‑line breakdown of the $11 million in‑kind considerations beyond staff comments. The council approved the budget amendment and agreements as presented, allowing staff to complete the transaction and enter the long‑range use agreement with the district.
City staff said further details about specific site uses and timelines will be developed as the project advances and that some uses could require future council approvals.
