McKinney Texas Form 1045 2024-2025

McKinney Texas Form 1045: What You Should Know

My request for the amount of additional tax revenue from new projects will be held over from last year's budget until July 1, 2022. I further certify and certify that there is at least 1,000,000 in tax revenue for new projects to be created or funded for the City of McKinney, and that on December 3, 2017, an ordinance will be submitted through me to the City of McKinney City Council which will provide for the establishment of a new entity — McKinney Development Corporation (CDC) that will acquire, develop, and deliver new residential complexes, commercial properties, and a variety of other economic development, housing, and employment projects for the City of McKinney. CDC will provide tax revenues in the amount of 1,000,000 for the City of McKinney, and the City of McKinney shall return all existing tax revenues to CDC after an appropriate time frame and at the conclusion of the project and redevelopment. I have reviewed CDC's proposed budget, and it appears that the tax revenues created from the anticipated changes made in this budget will support the City of McKinney's current budget. I have reviewed the City of McKinney Annual Financial Report (FIN) and CPC Annual Financial Report (AFR) and hereby certify that all information appearing in these reports is correct and complete to show the current status, as of the date of this certification. I have reviewed and confirmed with City of McKinney City Treasurer that all information appearing in the City of McKinney financial reports to be filed or provided with the City of McKinney Office of Treasurer, is correct and complete to show the present status as of the date of this declaration. I further certify that I have complied with all other requirements of Chapter 28A of Title 44 of the Code of Government, McKinney Texas, the McKinney Transparency Ordinance, any and all requirements of Federal, State, or local law governing the disclosure of financial information made by or on behalf of City of McKinney.

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