ORDINANCE relating to Fiscal Affairs of GREATER GREENSPOINT REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER ELEVEN, CITY OF HOUSTON, TEXAS (GREENSPOINT ZONE); approving Fiscal Year 2023 Operating Budget for the Authority and Fiscal Years 2023-2027 Capital Improvement Plan Budget for the Zone - DISTRICT B - JACKSON

SUBJECT: Ordinance approving the Fiscal Year 2023 Operating Budget for the Greater Greenspoint Redevelopment Authority and the Fiscal Years 2023 – 2027 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Eleven, City of Houston, Texas (Greenspoint Zone).

RECOMMENDATION:

City Council adopt an ordinance approving the Fiscal Year 2023 (FY23) Operating Budget for the Greater Greenspoint Redevelopment Authority and the Fiscal Years 2023 – 2027 (FY23 – FY27) Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Eleven, City of Houston, Texas (Greenspoint 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 Greater Greenspoint Redevelopment Authority (the “Authority”) and the Fiscal Years 2023 – 2027 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Eleven, City of Houston, Texas (the “Zone”).

• Total Operating Budget for FY23 is $33,569,387 which includes $2,917,587 for required fund transfers, and $30,651,800 for project costs allocated toward public improvements at Greens Road and Greenspoint Drive; upgrades and additional amenities to North Houston Skate Park, Rockstar Energy Bike Park, and Dylan Park; and support for the Greenspoint Public Safety Campus.

• The FY23 Operating Budget includes $294,300 for administration and overhead; and a municipal services cost payment of $2,561,519 to pay for the incremental cost of providing services to the area.

• The FY23 – FY27 CIP Budget totals $96,409,000 and includes provisions for street and drainage improvements, park improvements, streetscape improvements, and a Public Safety Campus.

• The Authority must advise the Chief Development Officer of any budget amendments. Adjustments to the budget of $400,000 or more require City Council approval. 

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Andrew F. Icken, Chief Development Officer

PCA ORD. 2021-858

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Gwendolyn Tillotson, Deputy Director

Mayor's Office

Phone: 832.393.0937