Reinvestment Zone No. 1 board approves budget amendment to fund UB 33 McKinney LLC project at 308 W. Virginia St.

On Nov. 18, 2025, the McKinney Reinvestment Zone No. 1 board approved an ordinance amending the fiscal year 2025–26 budget to provide funding for a Chapter 380 economic development agreement and a project-plan implementation agreement with UB 33 McKinney LLC for a vacant, underutilized property at 308 West Virginia Street.

The motion was called by the chair and recorded by the board as moved by Councilman Beller and seconded by Mayor Cox; Chairman Franklin said the motion carried. The ordinance authorizes the city to allocate funds in the reinvestment zone budget to support the Chapter 380 agreement and associated project implementation; the transcript does not specify the dollar amount. The item was presented as a budget amendment to support the economic development agreement and project-plan implementation with the named developer, UB 33 McKinney LLC.

Board discussion in the meeting was procedural and brief. No public comments were recorded on the ordinance during the session. The board did not record a detailed roll-call vote in the available transcript; the Chair announced the motion carried after the vocal "aye" response.

Next steps indicated on the record: the ordinance was approved at the meeting and will proceed under the city's standard implementation steps for Chapter 380 agreements; the transcript did not specify dates for execution or further hearings.