ORDINANCE relating to Fiscal Affairs of FOURTH WARD REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER FOURTEEN, CITY OF HOUSTON, TEXAS (FOURTH WARD ZONE); approving Fiscal Year 2021 Operating Budget for the Authority and Fiscal Years 2021-2025 Capital Improvement Projects Budget for the Zone - DISTRICT C - KAMIN

TAGGED BY COUNCIL MEMBER KAMIN

SPECIFIC EXPLANATION:

The Administration has undertaken a comprehensive review of proposed FY21 TIRZ budgets and recommends approval of the FY21 Operating Budget for the Fourth Ward Redevelopment Authority (Authority) and the FY21 – FY25 CIP Budget for Reinvestment Zone Number Fourteen (Fourth Ward Zone).

• The Total Operating Budget for FY21 is $10,614,528, which includes $2,831,270 for required fund transfers and $7,783,258 for Project Costs primarily committed to the roadway reconstruction and streetscape enhancement of multiple neighborhood streets in the Fourth Ward area.

•  The FY21 Operating Budget also includes $251,300 for administration and overhead and a municipal services cost payment of $98,501 for the incremental cost of providing services to the area.

• The FY21 – FY25 CIP for the Zone totals $26,183,358. The CIP includes provisions for the design and construction of roadway and street reconstruction, pedestrian amenities, utility replacements/upgrades and historical monuments.

• The Authority must advise the Chief Development Officer of any budget amendments. Adjustments to the budget in excess of $400,000 require City Council approval.

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Andrew F. Icken, Chief Development Officer

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 Gwendolyn Tillotson                                          Phone: (832.393.0937)