ORDINANCE appropriating $21,831,956.17 out of City of Houston, Texas Tax Increment Funds for REINVESTMENT ZONES ONE (LAMAR TERRACE ZONE), TWO (MIDTOWN ZONE), THREE (MAIN STREET/MARKET SQUARE ZONE), ELEVEN (GREATER GREENSPOINT ZONE), FIFTEEN (EAST DOWNTOWN ZONE), EIGHTEEN (FIFTH WARD ZONE), TWENTY (SOUTHWEST HOUSTON ZONE), TWENTY-THREE (HARRISBURG ZONE), and TWENTY-FIVE (HIRAM CLARKE FORT BEND ZONE), for payment to Harris County, Texas, payment of Administrative Expenses, and Payments to certain Redevelopment Authorities, as provided herein

City Council approve an ordinance appropriating $21,831,956.17 in tax increment revenue payments made by Houston Community College, Harris County, Fort Bend County, and Aldine ISD and authorizing the transfer of tax increment revenues to various TIRZ funds pursuant to the City’s Interlocal Agreements with Houston Community College, Harris County, Fort Bend County and Aldine ISD.

The appropriation of $21,831,956.17 results from tax increment payments received in the City’s Fiscal Year 2025 from Houston Community College, Harris County, Fort Bend County and Aldine ISD for transfer to the various TIRZs.

As shown in the attached spreadsheet, $65,395.65 will be transferred to the General fund for TIRZ administrative costs; $330,514.20 will be transferred to Harris County’s Community Services Department for affordable housing; and $21,436,046.32 will be paid to the various redevelopment authorities on behalf of the TIRZ.

All tri-party agreements and creation documents can be found on the following website:

http://www.houstontx.gov/ecodev/

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Gwendolyn Tillotson-Bell, Chief Economic Development Officer

___Jennifer D. Curley, Assistant Director

Phone: (832) 393-0981