SUBJECT: Motion establishing a public hearing date for a Fifth amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty (Southwest Houston Zone)
RECOMMENDATION:
To establish a public hearing date for the Fifth amendment to the Project Plan and Financing Plan for Reinvestment Zone Number Twenty (Southwest Houston Zone)
SPECIFIC EXPLANATION:
On September 8, the Board of Directors of both the Southwest Houston Reinvestment Zone Number Twenty (Southwest Houston Zone) and the Southwest Houston Redevelopment Authority considered and approved the proposed Fifth Amended Project Plan and Reinvestment Zone Financing Plan (the “Amended Plan”) and submitted the Amended Plan to the City for consideration by City Council. The Amended Plan will reflect proposed changes to the boundaries of the Southwest Houston Zone.
Pursuant to Texas Tax Code Section 311.011(e), a public hearing must be held prior to City Council’s consideration of ordinances annexing territory into the Southwest Houston Zone and approving the Fifth Amended Plan. The Administration recommends that on November 30, 2022, Council set the public hearing date for December 14, 2022
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Andrew F. Icken, Chief Development Officer