SUBJECT: Motion establishing a public hearing date for the Ninth Amended Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Seven, City of Houston, Texas (Old Spanish Trail/Almeda Corridors Zone)
RECOMMENDATION: (Summary)
To establish a public hearing date for the Ninth Amended Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Seven, City of Houston, Texas (Old Spanish Trail/Almeda Corridors Zone)
SPECIFIC EXPLANATION:
On September 26, 2023, The Board of Directors for Reinvestment Zone Number Seven (Old Spanish Trail/Almeda Corridors Zone) and the Old Spanish Trail/Almeda Corridors Redevelopment Authority considered and approved the proposed Ninth 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 Old Spanish Trail/Almeda Corridors 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 Old Spanish Trail/Almeda Corridors Zone and approving the Ninth Amended Plan. The Administration recommends that City Council set the public hearing date for November 15, 2023.
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Andy Icken
Chief Development Officer