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CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 8/30/2022
District D
Item Creation Date: 8/15/2022
MYR- FY23 RCA TIRZ 26 Sunnyside
Agenda Item#: 23.
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| | | | | | | | Summary:
ORDINANCE relating to Fiscal Affairs of SUNNYSIDE REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER TWENTY-SIX, CITY OF HOUSTON, TEXAS (SUNNYSIDE ZONE); approving Fiscal Year 2023 Operating Budget for the Authority and Fiscal Years 2023-2027 Capital Improvement Plan Budget for the Zone – DISTRICT D - EVANS-SHABAZZ |
| | | | | | | | Background:
SUBJECT: Ordinance approving the Fiscal Year 2023 Operating Budget for the Sunnyside Redevelopment Authority and the Fiscal Years 2023 - 2027 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Six, City of Houston, Texas (Sunnyside Zone).
RECOMMENDATION:
City Council adopt an ordinance approving the Fiscal Year 2023 Operating Budget for the Sunnyside Redevelopment Authority and the Fiscal Years 2023 - 2027 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty – Six, City of Houston, Texas (Sunnyside Zone).
SPECIFIC EXPLANATION:
The Administration has undertaken a comprehensive review of the proposed FY23 TIRZ budgets and recommends approval of the FY23 Operating Budget for the Sunnyside Redevelopment Authority and the Fiscal Years 2023 - 2027 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty–Six, City of Houston, Texas (Sunnyside Zone).
- Total Operating Budget for FY23 is $2,081,480, which includes $114,500 for City administration fees and $1,450,000 for project costs related to improvements that will enhance economic development in the Sunnyside Zone.
- The Zone Board must advise the Chief Development Officer of any budget amendments. Adjustments to the Project Costs in the Operating Budget that exceed $400,000 or five percent (5%) of Project Costs require City Council approval.
- The FY23 Operating Budget does not have a municipal services charge.
- The FY23 - FY27 CIP Budget totals $10,230,000 and includes provisions for the design and construction of sidewalks, pedestrian mobility improvements, lighting, boulevard trails and beautification.
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Andrew F. Icken, Chief Development Officer
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| | | | | | | | Prior Council Action:
Ord. No. 2021 – 1042 |
| | | | | | | | Contact Information:
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Gwendolyn Tillotson, Deputy Director
Mayor's Office
Phone: 832.393.0937 |
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