ORDINANCE appropriating $11,496,798.15 out of Tax Increment Funds for REINVESTMENT ZONE NUMBERS TWO (MIDTOWN ZONE), THREE (MAIN STREET/MARKET SQUARE ZONE), ELEVEN (GREATER GREENSPOINT ZONE), FIFTEEN (EAST DOWNTOWN ZONE), and TWENTY-FIVE (HIRAM CLARKE/FORT BEND ZONE) for payment of administrative expenses, payment to Harris County, and payments to certain Redevelopment Authorities as provided herein

The appropriation of $11,496,798.15 results from tax increment payments received in the City’s Fiscal Year 2021 from Houston Community College, Harris County, Harris County Flood Control, Fort Bend County and Aldine ISD for transfer to the various TIRZs.

As shown in the attached spreadsheet, $65,138.05 will be transferred to the General fund for TIRZ administrative costs; $271,058.85 will be transferred to Harris County’s Community Services Department for affordable housing; and $11,160,601.25 will be paid to the various redevelopment authorities on behalf of the TIRZ.

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

__Gwendolyn F. Tillotson

Phone:  (832) 393-0937