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CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 12/3/2019
District B
Item Creation Date: 11/21/2019
MYR - TIRZ 14 Fourth Ward Project Plan Amend
Agenda Item#: 67.
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| | | | | | | | Summary:
ORDINANCE approving the third amended Project Plan and Reinvestment Zone Financing Plan for REINVESTMENT ZONE NUMBER FOURTEEN, CITY OF HOUSTON, TEXAS (FOURTH WARD ZONE); authorizing the City Secretary to distribute such plans - DISTRICT H - CISNEROS |
| | | | | | | | Background:
SUBJECT: An Ordinance to approve the third Amended Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Fourteen (Fourth Ward Zone)
RECOMMENDATION: City Council adopt an ordinance to approve the third amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Fourteen (Fourth Ward Zone).
Specific Explanation:
City of Houston Tax Increment Reinvestment Zone Number Fourteen (the “Zone”) was created by Ordinance No.1999-0565 on June 9, 1999. City Council approved a Project Plan and Reinvestment Zone Financing Plan (the “Plan”) for the Zone by Ordinance No.1999-0818, on July 28, 1999, and created the Fourth Ward Redevelopment Authority to implement the Plan via Resolution No. 1999-0069 on December 15, 1999. On December 12, 2007, City Council approved an Annexation Plan and the First Amendment to the Project Plan & Reinvestment Zone Financing Plan by Ordinances No. 2007-1439 and 2007-1440, respectively. City Council approved an annexation and the Second Amendment to the Project Plan & Financing Plan (Ordinance No. 2013-0979 and Ordinance No. 2013-0980 respectively) on November 6, 2013.
On October 22, 2019, the Board of Directors of the Zone approved a proposed Third Amendment to Project Plan and Reinvestment Zone Financing Plan (the “Amended Plan”) and transmitted it for City Council consideration and approval. The Amended Plan, which will be coordinated with a proposed change to the boundaries of the Fourth Ward Zone to implement capital improvement projects and economic development programs that promote business and eliminate blight.
Pursuant to Chapter 311 of the Texas Tax Code Sections 311.003, 311.007 and 311.010, a public hearing was held on November 20, 2019. Accordingly, the Administration recommends that City Council approve the Third Amendment to the Project Plan for the Zone.
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Andrew F Icken, Chief Development Officer |
| | | | | | | | Prior Council Action:
Ord. No.1999-0565, 06/09/99; Ord. No. 1999-0818, 07/28/99; Res. No. 1999-0069, 12/15/99; Ord. No. 2007-1439, 12/12/07; Ord. No. 2007-1440, 12/12/07; Ord. No. 2013-0979, 11/06/13; Ord. No. 2013-0980, 11/06/13 |
| | | | | | | | Amount and Source of Funding:
No funding required |
| | | | | | | | Contact Information:
_____ Gwendolyn Tillotson Phone 832.393.0937 |
| ATTACHMENTS: | | Description | Type | | Coversheet | Signed Cover sheet |
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