ORDINANCE relating to Fiscal Affairs of HIRAM CLARKE/FORT BEND REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER TWENTY-FIVE, CITY OF HOUSTON, TEXAS (HIRAM CLARKE/FORT BEND ZONE); approving Fiscal Year 2026 Operating Budget for the Authority and Fiscal Years 2026-2030 Capital Improvement Plan Budget for the Zone - DISTRICT K - CASTEX-TATUM

SUBJECT: Ordinance approving the Fiscal Year 2026 Operating Budget for the Hiram Clarke/Fort Bend Redevelopment Authority and Fiscal Years 2026-2030 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty-Five, City of Houston, Texas (Hiram Clarke/Fort Bend Houston Zone).

RECOMMENDATION: City Council to adopt an ordinance approving the Fiscal Year 2026 (FY26) Operating Budget for the Hiram Clarke/Fort Bend Redevelopment Authority and Fiscal Years 2026-2030 (FY26-FY30) Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty-Five, City of Houston, Texas (Hiram Clarke/Fort Bend Houston Zone).

SPECIFIC EXPLANATION:

The Administration has undertaken a comprehensive review of the proposed FY26 TIRZ budgets and recommends approval of the FY26 Operating Budget for the Hiram Clarke/Fort Bend Redevelopment Authority (the “Authority”) and Fiscal Years 2026-2030 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty-Five, City of Houston, Texas (Hiram Clarke/Fort Bend Zone).

• Total Operating Budget for FY26 is $16,053,676 which includes $413,176 for required fund transfers, and $15,640,500 for Project Costs primarily committed to blight removal and beautification, area-wide corridor beautification, 90A corridor improvements, and Simon Minchen Park extension.
• The FY26 Operating Budget also includes $610,000 for administration and overhead, and $4,085,000 for developer reimbursement agreements to improve façades at area grocery retailers, to the Hines southwest business park, to an area restaurant developer, and to a community development project.
• The FY26 Operating Budget has a municipal services charge of $130,446.
• The FY26-FY30 CIP Budget totals $37,887,000 and includes provisions for blight removal, the design and construction of roadways, sidewalks, pedestrian bridges, and greenspace improvements.
•  The Authority must advise the Chief Economic Development Officer of any budget amendments.  Adjustments to the budget that exceed the lesser of $400,000 or 5% of Project Costs require City Council approval.

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Gwendolyn Tillotson-Bell

Chief Economic Development Officer

Jennifer Curley, Assistant Director

832.393.0981