Ordinance approving the Fiscal Year 2025 Operating Budget for the Sunnyside Redevelopment Authority and the Fiscal Years 2025-2029 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty-Six, City of Houston, Texas (Sunnyside Zone).
RECOMMENDATION:
City Council adopt an ordinance approving the Fiscal Year 2025 Operating Budget for the Sunnyside Redevelopment Authority and the Fiscal Years 2025-2029 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty-Six, City of Houston, Texas (Sunnyside Zone).
SPECIFIC EXPLANATION:
The Administration has undertaken a comprehensive review of the proposed FY25 TIRZ budgets and recommends approval of the FY25 Operating Budget for the Sunnyside Redevelopment Authority and the Fiscal Years 2025-2029 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Twenty-Six, City of Houston, Texas (Sunnyside Zone).
- Total Operating Budget for FY25 is $3,903,787 which includes $188,000 for administration and overhead and $3,652,743 for project costs related to improvements that will enhance economic development in the Sunnyside Zone.
- The FY25 Operating Budget does not have a municipal services charge.
- The FY25-FY29 CIP Budget totals $13,348,743 and includes provisions for demolition and redesign of Sunnyside Community Center and Swimming Pool; the design and construction of sidewalks, pedestrian mobility improvements, lighting, boulevard trails and beautification.
- The Zone Board must advise the Chief Economic Development Officer of any budget amendments. Adjustments to the Project Costs in the Operating Budget that exceed $400,000 or five percent (5%) of Project Costs require City Council approval.
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Gwendolyn F. Tillotson – Bell
Chief Economic Development Officer