ORDINANCE relating to the Fiscal Affairs of the OLD SIXTH WARD REDEVELOPMENT AUTHORITY on behalf of REINVESTMENT ZONE NUMBER THIRTEEN, CITY OF HOUSTON, TEXAS (OLD SIXTH WARD ZONE); approving the Fiscal Year 2019 Operating Budget for the Authority and the Fiscal Years 2019-2023 Capital Improvement Projects Budget for the Zone - DISTRICT H - CISNEROS

TAGGED BY COUNCIL MEMBERS KUBOSH AND STARDIG

This was Item 29 on Agenda of September 5, 2018

RECOMMENDATION:

City Council adopt an ordinance approving the Fiscal Year 2019 Operating Budget for Old Sixth Ward Redevelopment Authority and the Fiscal Years 2019 - 2023 CIP Budget for Reinvestment Zone Number Thirteen, City of Houston, Texas (Old Sixth Ward 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 Old Sixth Ward Redevelopment Authority (the Authority) and the FY19 – FY23 CIP Budget for Reinvestment Zone Number Thirteen (the Zone).

• The Total Operating Budget for FY19 is $4,635,353, which includes $1,225,133 for required fund transfers and $3,410,220 for Project Costs.
• The FY19 – FY23 CIP totals $7,307,345 and includes provisions for design and construction of roadway and street reconstruction, public utility improvements and parks.  
• The FY19 Operating Budget includes $3,073,000 for capital expenditures and $51,800 for administration and overhead.  The Authority must advise the Chief Development Officer of any budget amendments. Adjustments to the budget that exceed $400,000 require City Council approval.

• The FY19 Operating Budget has a municipal services charge of $142,891.

Attachments: FY19 Operating Budget and FY19 - FY23 CIP Budget

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Andrew F. Icken, Chief Development Officer

Gwendolyn F. Tillotson Phone: (832) 393-0937