ORDINANCE relating to Fiscal Affairs of OLD SIXTH WARD REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER THIRTEEN, CITY OF HOUSTON, TEXAS (OLD SIXTH WARD ZONE); approving Fiscal Year 2023 Operating Budget for the Authority and Fiscal Years 2023-2027 Capital Improvement Projects Budget for the Zone - DISTRICT H - CISNEROS

SUBJECT:  Approve the Fiscal Year 2023 Operating Budget for Old Sixth Ward Redevelopment Authority and Fiscal Years 2023 - 2027 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Thirteen, City of Houston, Texas (Old Sixth Ward Zone).

RECOMMENDATION:

City Council adopt an ordinance approving the Fiscal Year 2023 Operating Budget for Old Sixth Ward Redevelopment Authority and the Fiscal Years 2023 - 2027 CIP Budget for Reinvestment Zone Number Thirteen, City of Houston, Texas (Old Sixth Ward 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 Old Sixth Ward Redevelopment Authority (the Authority) and the FY23 – FY27 CIP Budget for Reinvestment Zone Number Thirteen, City of Houston, Texas (the Zone).

• The Total Operating Budget for FY23 is $4,216,863, which includes $1,805,613 for required fund transfers required by the triparty agreement between the City, Zone, and Authority; and the interlocal agreement between the Zone and the Houston Independent School District. The FY23 Budget also includes $2,411,250 for Project Costs committed to debt service and the planning, designing and construction of pedestrian improvements to enhance pedestrian safety and accessibility.
  
  
• The FY23 – FY27 CIP totals $9,914,000 and includes provisions for design and construction of pedestrian improvements, roadway and street reconstruction.

• The FY23 Operating Budget includes $1,914,000 for capital expenditures and $151,250 for administration and overhead.  The Authority must advise the Chief Development Officer of any budget amendments. Adjustments to the budget that exceed $400,000 require City Council approval.

• The FY23 Operating Budget has a municipal services charge of $142,891.

Attachments: FY23 Operating Budget and FY23 - FY27 CIP Budget   

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Andrew F. Icken, Chief Development Officer

PCA Ord. No. 2021-812

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Gwendolyn Tillotson, Deputy Director

Mayor's Office

Phone: 832.393.0937