ORDINANCE relating to the Fiscal Affairs of HARRISBURG REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER TWENTY-THREE, CITY OF HOUSTON, TEXAS (HARRISBURG ZONE); approving Fiscal Year 2022 Operating Budget for the Authority and the Fiscal Years 2022-2026 Capital Improvement Plan Budget for the Zone - DISTRICTS H - CISNEROS and I - GALLEGOS

Ordinance approving the Fiscal Year 2022 Operating Budget for the Harrisburg Redevelopment Authority and Fiscal Years 2022 – 2026 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Three, City of Houston, Texas (Harrisburg Zone).

RECOMMENDATION: City Council to adopt an ordinance approving the Fiscal Year 2022 (FY22) Operating Budget for the Harrisburg Redevelopment Authority and Fiscal Years 2022 – 2026 (FY22 – FY26) Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Three, City of Houston, Texas (Harrisburg Zone).

SPECIFIC EXPLANATION:

The Administration has undertaken a comprehensive review of the proposed FY22 TIRZ budgets and recommends approval of the FY22 Operating Budget for the Harrisburg Redevelopment Authority (the Authority) and Fiscal Years 2022 – 2026 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Three, City of Houston, Texas (Harrisburg Zone).

• Total Operating Budget for FY22 is $4,153,669 which includes $464,773 for required fund transfers, and $3,688,896 for Project Costs primarily committed to mobility infrastructure improvements including roadways, bike lanes, sidewalks, trails, streetscape enhancements and intersection enhancements, and park improvements.
• The FY22 Operating Budget also includes $81,500 for administration and overhead, and $222,090 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 FY22 Operating Budget has a municipal services charge of $325,016.
• The FY22 – FY26 CIP Budget totals $18,007,162 and includes provisions for the right of way acquisition, design and construction of roadways and sidewalks, trails and greenspace.
• The Authority must advise the Chief Development Officer of any budget amendments.  Adjustments to the budget that exceed the lesser of $400,000 or 5% of Project Costs require City Council approval.

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Andrew F. Icken, Chief Development Officer

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 Gwendolyn Tillotson                                          Phone: (832.393.0937)