ORDINANCE relating to Fiscal Affairs of SOUTHWEST HOUSTON REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER TWENTY, CITY OF HOUSTON, TEXAS (SOUTHWEST HOUSTON ZONE); approving Fiscal Year 2023 Operating Budget for the Authority and Fiscal Years 2023-2027 Capital Improvement Plan Budget for the Zone - DISTRICTS F - THOMAS; J - POLLARD and K - CASTEX-TATUM

TAGGED BY COUNCIL MEMBER THOMAS

This was Item 24 on Agenda of January 25, 2023

SUBJECT:  Ordinance approving the Fiscal Year 2023 (FY23) Operating Budget for Southwest Houston Redevelopment Authority and the Fiscal Years 2023 - 2027 (FY23 – FY27) 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 2023 Operating Budget for Southwest Houston Redevelopment Authority and the Fiscal Years 2023-2027 Capital Improvement Plan (CIP) for Reinvestment Zone Number Twenty (Southwest Houston 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 Southwest Houston Redevelopment Authority (the “Authority”) and the FY23 – FY27 CIP for Reinvestment Zone Number Twenty (the “Zone”).

• Total Operating Budget for FY23 is $28,826,261 which includes $2,865,633 for required fund transfers and $25,960,628 for Project Costs primarily allocated to the planning, design and reconstruction of the Club Creek Detention Basin and Park, the design and reconstruction of Corporate Dr. from Beechnut St. to Bellaire Blvd, property acquisition and design of Harwin Dr. from Fondren Rd. to Gessner Rd for total street reconstruction, the reconstruction of Harwin Dr. and South Gessner Rd. intersection, property acquisition, design and reconstruction of a 3.12 mile concrete hike and bike trail that will provide pedestrian and bicycle connections between the Westpark Tollway and the Southwest Freeway, connecting at the Brays Bayou Greenway Trail, and the construction of detention to support the Lee LeClear Tennis Center.

• The FY23 Operating Budget also includes $174,900 for administration and overhead and a municipal services charge payment in FY23 of $2,311,587 to pay for the incremental cost of providing services to the area.

• The FY23 – FY27 CIP Budget totals $49,508,000 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.

Attachments: FY23 Operating Budget and FY23 – FY27 CIP Budget

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Andrew F. Icken, Chief Development Officer

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Gwendolyn Tillotson, Deputy Director

Mayor's Office

Phone: 832.393.0937