ORDINANCE relating to Fiscal Affairs of HARRISBURG REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER TWENTY-THREE, CITY OF HOUSTON, TEXAS (HARRISBURG ZONE); approving Fiscal Year 2021 Operating Budget for the Authority and Fiscal Years 2021-2025 Capital Improvement Plan Budget for the Zone - DISTRICTS H - CISNEROS and I - GALLEGOS

SPECIFIC EXPLANATION:

The Administration has undertaken a comprehensive review of the proposed FY21 TIRZ budgets and recommends approval of the FY21 Operating Budget for the Harrisburg Redevelopment Authority (the Authority) and Fiscal Years 2021 – 2025 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Three, City of Houston, Texas (Harrisburg Zone).

• Total Operating Budget for FY21 is $4,065,187 which includes $434,506 for required fund transfers, and $3,630,681 for Project Costs primarily committed to mobility infrastructure improvements including roadways, bike lanes, sidewalks, trails, streetscape enhancements and intersection enhancements, and park improvements.

• The FY21 Operating Budget also includes $75,600 for administration and overhead, and $214,000 for developer reimbursement agreements for the design of water, waste water, and storm water infrastructure, streets, and streetscape enhancements as well as an economic developer agreement to rehabilitate and to redevelop 5 buildings into a 35,000 square foot multi-tenant work space with shared amenities.

• The FY21 Operating Budget has a municipal services charge of $325,016.

• The FY21 - FY25 CIP Budget totals $19,907,162 and includes provisions for the right of way acquisition for design and construction of roadways and sidewalks, trails and greenspace.

• The Zone must advise the Chief Development Officer of any budget amendments.  Adjustments to the budget of $400,000 or more require City Council approval.

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Andrew F. Icken, Chief Development Officer

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 Gwendolyn Tillotson                                          Phone: (832.393.0937)