ORDINANCE relating to the fiscal affairs of HIRAM CLARKE/FORT BEND REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER TWENTY-FIVE, CITY OF HOUSTON, TEXAS (HIRAM CLARKE/FORT BEND ZONE); approving the Fiscal Year 2025 Operating Budget for the Authority and the Fiscal Years 2025-2029 Capital Improvement Plan Budget for the Zone - DISTRICT D - EVANS-SHABAZZ and DISTRICT K - CASTEX-TATUM

The Administration has undertaken a comprehensive review of the proposed FY25 TIRZ budgets and recommends approval of the FY25 Operating Budget for the Hiram Clarke/Fort Bend Redevelopment Authority (the “Authority”) and Fiscal Years 2025-2029 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty-Five, City of Houston, Texas (Hiram Clarke/Fort Bend Zone).

• Total Operating Budget for FY25 is $12,690,597 which includes $328,597 for required fund transfers, and $12,362,000 for Project Costs primarily committed to blight removal and beautification, area-wide corridor beautification, 90A corridor improvements, Simon Minchen Park extension, and Carved Rock Roadway extension improvements.

• The FY25 Operating Budget also includes $466,500 for administration and overhead, and $1,630,000 for developer reimbursement agreements to improve façades at area grocery retailers, to the Hines southwest business park, and to an area restaurant developer.

• The FY25 Operating Budget has a municipal services charge of $130,446.

• The FY25-FY29 CIP Budget totals $39,467,000 and includes provisions for blight removal, the design and construction of roadways, sidewalks, and trails, and greenspace improvements.

• The Authority must advise the Chief Economic 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.

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Gwendolyn Tillotson-Bell, Chief Economic Development Officer

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Jennifer D. Curley Phone: (832) 393-0981