ORDINANCE relating to the Fiscal Affairs of SOUTHWEST HOUSTON REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER TWENTY, CITY OF HOUSTON, TEXAS (SOUTHWEST HOUSTON ZONE); approving Fiscal Year 2022 Operating Budget for the Authority and Fiscal Years 2022-2026 Capital Improvement Plan Budget for the Zone - DISTRICTS F - THOMAS and J - POLLARD

SUBJECT: Ordinance approving the Fiscal Year 2022 (FY22) Operating Budget for Southwest Houston Redevelopment Authority and the Fiscal Years 2022-2026 (FY22 – FY26) Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty, City of Houston, Texas (Southwest Houston Zone).

RECOMMENDATION:

City Council adopt an ordinance approving the Fiscal Year 2022 Operating Budget for Southwest Houston Redevelopment Authority and the Fiscal Years 2022-2026 Capital Improvement Plan (CIP) for Reinvestment Zone Number Twenty (Southwest Houston 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 Southwest Houston Redevelopment Authority (the “Authority”) and the FY22 - FY26 CIP for Reinvestment Zone Number Twenty (the “Zone”).

• Total Operating Budget for FY22 is $43,079,550 which includes $2,840,072 for required fund transfers and $40,239,478 for Project Costs primarily committed to the following:

·          

• stimulating economic development in depressed and underserved sections of the Sharpstown and Gulfton areas,

• the construction of a detention basin to mitigate street flooding and to provide park and hike/bike facilities,

• improvements to Harwin Dr. from Fondren Rd. to Gessner Rd. that will include a center turning lane, changes to existing signals and improved drainage,

• the reconstruction of Corporate Dr. from Beechnut St. to Bellaire Blvd,

• and concrete panel replacement throughout the Zone to extend the life of roads.

• The FY22 Operating Budget also includes $158,000 for administration and overhead and a municipal services charge payment in FY22 of $2,311,587 to pay for the incremental cost of providing services to the area.

• The FY22 – FY26 CIP Budget totals $57,745,000 and includes provisions for street reconstruction, drainage and detention improvements; the redevelopment of Sharpstown Mall.

The Authority must advise the Chief Development Officer of any budget amendments.  Adjustments to the Project Costs in the Operating Budget that exceed $400,000 require City Council approval.

_________________________________________________________

Andrew F. Icken, Chief Development Officer

 ________________________________________________________

 Gwendolyn Tillotson                                          Phone: (832.393.0937)