SUBJECT: Motion establishing a public hearing date for the Fourth Amended Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Eighteen, City of Houston, Texas (Fifth Ward Zone)
RECOMMENDATION: (Summary)
To establish a public hearing date for the Fourth Amended Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Eighteen, City of Houston, Texas (Fifth Ward Zone)
SPECIFIC EXPLANATION:
It is expected that the Board of Directors for Reinvestment Zone Number Eighteen (“Fifth Ward Zone”) and the Fifth Ward Redevelopment Authority will consider and approve the proposed Fourth Amended Project Plan and Reinvestment Zone Financing Plan for Fifth Ward Zone (the “Fourth Amended Plan”) and will submit the Fourth Amended Plan to the City for consideration by City Council. The Fourth Amended Plan will reflect previously approved changes to the Fifth Ward Zone’s boundary (Ord. No. 2022-1004), and proposed changes to taxing jurisdiction participation and the termination date of the Fifth Ward Zone.
Pursuant to Texas Tax Code Section 311.011(e), a public hearing must be held prior to City Council’s consideration of approving the Fourth Amended Plan. The Administration recommends that City Council set the public hearing date for November 15, 2023.
__________
Andy Icken
Chief Development Officer