O2019 – 0815 ORDINANCE relating to the Fiscal Affairs of REINVESTMENT ZONE NUMBER TWENTY-SIX, CITY OF HOUSTON, TEXAS (SUNNYSIDE ZONE); approving the Fiscal Year 2020 Operating Budget for the Zone - DISTRICT D - BOYKINS

SUBJECT: Ordinance approving the Fiscal Year 2020 Operating Budget for Reinvestment Zone Number Twenty – Six (Sunnyside Zone)

RECOMMENDATION: (Summary)
City Council adopt an ordinance approving the Fiscal Year 2020 Operating Budget for Reinvestment Zone Number Twenty – Six (Sunnyside Zone).

SPECIFIC EXPLANATION:
The Administration has undertaken a comprehensive review of the proposed FY20 TIRZ budgets and recommends approval of the FY20 Operating Budget for Reinvestment Zone Number Twenty – Six (Sunnyside Zone).

• Total Operating Budget for FY20 is $188,752, which includes $31,252 for City administration fees and $157,500 for project costs committed to developing an infrastructure plan for the Sunnyside TIRZ.
  
  
• The FY20 Operating Budget includes $17,500 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 $400,000 require City Council approval.

• The FY20 Operating Budget does not have a municipal services charge; the Sunnyside Zone does not have a Capital Improvement Plan (CIP) Budget.
  
  Attachments: FY20 Operating Budgets
  
  
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  Andrew F. Icken, Chief Development Officer

Ord. 2018-664, 08-21-2018

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Gwendolyn F. Tillotson          

Phone: (832) 393-0937