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CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 9/19/2023
District E, District I
Item Creation Date:
MYR- FY24 RCA TIRZ 6 Eastside
Agenda Item#: 22.
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| | | | | | | | Summary:
ORDINANCE relating to Fiscal Affairs of REINVESTMENT ZONE NUMBER SIX, CITY OF HOUSTON, TEXAS, EASTSIDE ZONE; approving Fiscal Year 2024 Operating Budget for the Zone - DISTRICTS E - MARTIN and I - GALLEGOS |
| | | | | | | | Background:
SUBJECT: Ordinance approving the Fiscal Year 2024 Operating Budget for Reinvestment Zone Number Six, City of Houston, Texas (Eastside Zone).
RECOMMENDATION Ordinance approving the Fiscal Year 2024 Operating Budget for Reinvestment Zone Number Six, City of Houston, Texas (Eastside Zone).
SPECIFIC EXPLANATION:
The Administration has undertaken a comprehensive review of the proposed FY24 TIRZ budgets and recommends approval of the FY24 Operating Budget for Reinvestment Zone Number Six, City of Houston, Texas (Eastside Zone).
- Total Operating Budget for FY24 is $11,448,658 which includes $11,448,658 in fund transfers to HISD as defined in the Interlocal Agreement between the City of Houston, and Houston Independent School District, and the Eastside Zone
- The Authority must advise the Chief Development Officer of any budget amendments. Adjustments to the budget that exceed the lesser of $400,000 or 5% of Project Costs require City Council approval.
Attachments: FY24 Operating Budget and FY24 - FY28 CIP Budget |
| | | | | | | | Prior Council Action:
Ordinance 2022-679, 9/07/2022 |
| | | | | | | | Amount and Source of Funding:
None |
| | | | | | | | Contact Information:
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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 |
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