SUBJECT: Motion establishing a public hearing date for the Seventh amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty, City of Houston, Texas (Southwest Houston Zone)
RECOMMENDATION: (Summary)
To establish a public hearing date for the Seventh amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty, City of Houston, Texas (Southwest Houston Zone)
SPECIFIC EXPLANATION:
On November 14, 2024, the Board of Directors of the Southwest Reinvestment Zone Number Twenty (Southwest Houston Zone) and the Southwest Houston Redevelopment Authority considered and approved the proposed Seventh 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 taxing jurisdiction participation and proposed changes to the boundaries of the Southwest Houston 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 Seventh Amended Plan. The Administration recommends that City Council set the public hearing date for December 4, 2024.
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Gwendolyn F. Tillotson-Bell
Chief Economic Development Officer