ORDINANCE appropriating $63,739,154.96 out of Tax Increment Funds for Reinvestment Zone NUMBER ONE, CITY OF HOUSTON, TEXAS (LAMAR TERRACE ZONE), REINVESTMENT ZONE NUMBER TWO, CITY OF  HOUSTON, TEXAS (MIDTOWN ZONE), REINVESTMENT ZONE NUMBER THREE, CITY OF HOUSTON, TEXAS (MAIN STREET/MARKET SQUARE ZONE), REINVESTMENT ZONE NUMBER SIX, CITY OF HOUSTON, TEXAS (EASTSIDE ZONE), REINVESTMENT ZONE NUMBER SEVEN, CITY OF HOUSTON, TEXAS (OLD SPANISH TRAIL/ALMEDA CORRIDORS ZONE), REINVESTMENT ZONE NUMBER EIGHT, CITY OF HOUSTON, TEXAS (GULFGATE ZONE), REINVESTMENT ZONE NUMBER NINE, CITY OF HOUSTON, TEXAS (SOUTH POST OAK ZONE), REINVESTMENT ZONE NUMBER TEN, CITY OF HOUSTON, TEXAS (LAKE HOUSTON ZONE), REINVESTMENT ZONE NUMBER ELEVEN, CITY OF HOUSTON, TEXAS (GREATER GREENSPOINT ZONE), REINVESTMENT ZONE NUMBER TWELVE, CITY OF HOUSTON, TEXAS (CITY PARK ZONE), REINVESTMENT ZONE NUMBER THIRTEEN, CITY OF HOUSTON, TEXAS (OLD SIXTH WARD ZONE), REINVESTMENT ZONE NUMBER FOURTEEN, CITY OF HOUSTON, TEXAS (FOURTH WARD ZONE), REINVESTMENT ZONE NUMBER FIFTEEN, CITY OF HOUSTON, TEXAS (EAST DOWNTOWN ZONE), REINVESTMENT ZONE NUMBER SIXTEEN, CITY OF HOUSTON, TEXAS (UPTOWN ZONE), and REINVESTMENT ZONE NUMBER EIGHTEEN, CITY OF HOUSTON, TEXAS (FIFTH WARD ZONE), for affordable housing, administrative expenses, payments to Houston Independent School District and Humble Independent School District for Educational Facilities, and payments to certain Redevelopment Authorities as provided herein

TAGGED BY COUNCIL MEMBER KUBOSH

This was Item 69 on Agenda of June 23, 2021

The appropriation of $63,739,154.96 results from tax increment payments received in tax year 2020 from HISD, Spring ISD, Humble ISD and Lone Star College for transfer to the various TIRZs that the ISDs and Lone Star College participate.

As shown in the attached spreadsheet, $1,144,049.38 will be transferred to the City’s Affordable Housing Fund; $375,000 will be transferred to the General Fund; $18,788,855.67 will be paid to HISD for Educational Facilities Project Costs and $12,622,147.65 will be paid to Humble ISD for Educational Facilities Project Costs for a total of $31,411,003.32 for Educational Facilities Project Costs. The various redevelopment authorities will be paid $30,809,102.26 on behalf of the TIRZs.

All tri-party agreements and creation documents can be found on the following website:
http://www.houstontx.gov/ecodev/

____________________________________________

Andrew F. Icken, Chief Development Officer

Ordinance No. 2020-547, 6/24/20

___Gwendolyn F. Tillotson, Deputy Director

Phone:  (832) 393-0937