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CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 9/9/2014
District K
Item Creation Date:
MYR-FY 2015 Op Budget South Post Oak Redevelopment Authority
Agenda Item#: 10.
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| | | | | | | | Summary:
ORDINANCE relating to the Fiscal Affairs of the SOUTH POST OAK REDEVELOPMENT AUTHORITY on behalf of REINVESTMENT ZONE NUMBER NINE, CITY OF HOUSTON, TEXAS (SOUTH POST OAK ZONE); approving the Fiscal Year 2015 Operating Budget for the Authority - DISTRICT K - GREEN |
| | | | | | | | Background:
The Administration has undertaken a comprehensive review of the proposed FY 15 TIRZ budgets and recommends approval of the FY 15 Operating Budget for the South Post Oak Redevelopment Authority (the Authority) on behalf of Reinvestment Zone Number Nine (the Zone).
- Total Operating Budget for FY 15 is $928,371, which includes $386,940 for required fund transfers and $541,431 for project costs.
- The proposed expenses include $37,900 for administration and overhead. The Authority must advise the Chief Development Officer of any budget amendments. Adjustments to the Project Costs in the Operating Budget that exceed $400,00 require City Council approval.
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| | | | | | | | Prior Council Action:
Ord. No. 2013-0983, 11/06/13 |
| | | | | | | | Contact Information:
Gwen Tillotson Phone: (832) 393-0937 |
| ATTACHMENTS: | | Description | Type | | RCA | Signed Cover sheet | | backup | Backup Material | | 2014-824 | Ordinance/Resolution/Motion |
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