Editor's note: This story has been updated with a statement from Playful Corp. 

At tonight's City Council meeting, council members approved passing certain provisions of a Chapter 380 Economic Incentive Agreement to Playful Corp.

The Chapter 380 agreement is between the city of McKinney and Columbus Realty Partners. The measure passed tonight allows Columbus Realty to pass along provisions and some funding to Playful Corp., an independent game studio in McKinney.

Playful Corp. is located at 221b E. Louisiana St., McKinney, but will relocate to Class A office space at the southeast corner of East Davis Street and South Tennessee Street at Columbus Realty's new 9-acre development in downtown McKinney. Playful Corp. will be leasing a minimum of 45,000 square feet.

Under the Chapter 380 agreement, Columbus will receive $1,070,933.71 upon the purchase of the office property and a $250,000 cash incentive, according to city documents.

Columbus is interested in assigning to Playful all of its rights and obligations under the contract relating to office improvements, along with its right, title and interest.

Playful Corp. will move its employees to McKinney over the next five years.

"The incentivized positions related to the [economic] incentive package, in aggregate, have an average salary of at least $95,000 annually," David Calkins, communications director at Playful Corp., said in an email. "Playful does offer generous benefits in addition to the salaries."

Employees also work Monday-Friday from 8:30 a.m.-5:30 p.m. with no overtime, according to a presentation given during the meeting. During non-working hours, the parking lot associated with Playful's lease will be used as additional downtown parking.