SUBJECT: An ordinance enlarging the boundaries of Reinvestment Zone Number Ten, City of Houston, Texas (Lake Houston Zone).
RECOMMENDATION: City Council adopt an ordinance to change the boundaries of Reinvestment Zone Number Ten, City of Houston, Texas (Lake Houston Zone) by adding certain property to the Zone.
SPECIFIC EXPLANATION:
Reinvestment Zone Number Ten, City of Houston, Texas (the “Zone”) was created by Ordinance No. 1997-1589, adopted by City Council (“City”) on December 17, 1997. The City approved a Project Plan and Reinvestment Zone Financing Plan for the Zone by Ordinance No. 1999-0387 on April 21, 1999, which was amended by Ordinance No. 1999-854 on August 11, 1999 (the “First Amended Plan”), by Ordinance No. 2008-337 on April 23, 2008 (the “Second Amended Plan”), by Ordinance No. 2011-742 on August 24, 2011 (the “Third Amended Plan”) and by Ordinance No. 2014-255 on April 2, 2014 (the “Fourth Amended Plan”, and together with the First, Second, and Third Amended Plans, the “Plan”). The City approved enlarging the boundaries of the Zone by Ordinance No. 1999-853 on August 11, 1999, Ordinance No. 2011-741 on August 24, 2011 and Ordinance No. 2014-254 on April 2, 2014.
The Lake Houston Redevelopment Authority was created by Resolution No. 2013-0062 on December 4, 2013 to help implement the Plan. A Fifth Amendment to the Plan for the Zone, to be approved by the City contemporaneously herewith, contemplates annexing additional territory into the Zone.
It is recommended that City Council annex approximately 36.18 acres of public rights-of-way on Northpark Drive, and a City-owned drainage easement located in Mongtomery County, Texas, as part of the reconstruction of Northpark Drive which will allow for the construction of roadway to improve mobility, safety and resiliency inside the Zone.
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Andrew F. Icken, Chief Development Officer