SUBJECT: Motion establishing a public hearing date for the Second Amended Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty-Five, City of Houston, Texas (Hiram Clarke/Fort Bend Zone)
RECOMMENDATION: (Summary)
To establish a public hearing date for the Second Amended Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty-Five, City of Houston, Texas (Hiram Clarke/Fort Bend Zone)
SPECIFIC EXPLANATION:
On November 7, 2024, the Board of Directors of Reinvestment Zone Number Twenty-Five, City of Houston, Texas (“Hiram Clarke/Fort Bend Zone”) and the Hiram Clarke/Fort Bend Redevelopment Authority considered and approved the proposed Second Amended Project Plan and Reinvestment Zone Financing Plan for the Hiram Clarke/Fort Bend Zone (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 Hiram Clarke/Fort Bend 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 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