ORDINANCE relating to the Fiscal Affairs of the HARRISBURG REDEVELOPMENT AUTHORITY on behalf of REINVESTMENT ZONE NUMBER TWENTY-THREE, CITY of HOUSTON, TEXAS (HARRISBURG ZONE); approving the Fiscal Year 2019 Operating Budget for the Authority and the Fiscal Years 2019-2023 Capital Improvement Plan Budget for the Zone - DISTRICTS H - CISNEROS and I - GALLEGOS

SUBJECT:  Ordinance approving the Fiscal Year 2019 Operating Budget for the Harrisburg Redevelopment Authority and Fiscal Years 2019 – 2023 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Three, City of Houston, Texas (Harrisburg Zone).

RECOMMENDATION: City Council to adopt an ordinance approving the Fiscal Year 2019 Operating Budget for the Harrisburg Redevelopment Authority and Fiscal Years 2019 – 2023 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Three, City of Houston, Texas (Harrisburg Zone).

SPECIFIC EXPLANATION:

The Administration has undertaken a comprehensive review of the proposed FY19 TIRZ budgets and recommends approval of the FY19 Operating Budget for the Harrisburg Redevelopment Authority (the Authority) and Fiscal Years 2019 – 2023 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Three, City of Houston, Texas (Harrisburg Zone).

• Total Operating Budget for FY19 is $1,589,417 which includes $408,586 for required fund transfers, and $1,180,831 for Project Costs.
• The FY19 - FY23 CIP Budget totals $2,635,531 and includes provisions for design and construction of roadways and sidewalks, trails and greenspace.
• The FY19 Operating Budget includes $821,531 for capital expenditures, $61,300 for administration and overhead, and $105,000 for developer reimbursement agreements.
• The Authority must advise the Chief Development Officer of any budget amendments.  Adjustments to the budget that exceed the lesser of $400,000 or 5% of Project Costs require Zone Board and City Council approval.
• The FY19 Operating Budget has a municipal services charge of $325,016.

Attachments: FY19 Operating Budget and FY19 – FY23 CIP Budget

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Andrew F. Icken, Chief Development Officer

Gwendolyn Tillotson     

Phone:  (832) 393-0937