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McKinney Approves Loan Extension for Chestnut Tank Project

The McKinney Community Development Corporation approved a second extension to a loan agreement for the Chestnut Elevated Storage Tank Improvements. The revised term now runs through December 31, 2026. The motion was made by Wilkes and seconded by Booth.

Cody Esparza

June 30, 20261 min read

McKinney Texas reviews permits, bills, and city agenda items - Illustration Jake Team LLC
McKinney Texas reviews permits, bills, and city agenda items - Illustration Jake Team LLC

Project Extension Details

The McKinney Community Development Corporation approved a second extension to the loan agreement for Project 4B24-03.

The funds are designated for the City of McKinney Engineering Department to complete improvements to the Chestnut Elevated Storage Tank.

Approval Process

A motion to approve the agenda item was made by Wilkes.

Booth seconded the motion.

The motion carried.

Timeline and Scope

The revised loan term now extends through December 31, 2026.

The extension allows additional time for the engineering department to manage the storage tank project.

References

McKinney Community Development Corporation (2026-06-25). Retrieved from https://mckinney.legistar.com/LegislationDetail.aspx?ID=30445

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Cody Esparza

Cody Esparza covers McKinney city hall, the council, and county government.

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