ORDINANCE relating to Fiscal Affairs of REINVESTMENT ZONE NUMBER TWENTY-SEVEN, CITY OF HOUSTON, TEXAS; approving Fiscal Year 2025 Operating Budget and Fiscal Years 2025-2029 Capital improvements Budget for the Zone - DISTRICT C - KAMIN

TAGGED BY COUNCIL MEMBER RAMIREZ and DAVIS

This was Item 47 on Agenda of March 19, 2025

The Administration has undertaken a comprehensive review of the proposed FY25 TIRZ budgets and recommends approval of the FY25 Operating Budget and the FY25 – FY29 CIP Budget for Reinvestment Zone Number Twenty-Seven (Montrose Zone).

• Total Operating Budget for FY25 is $15,572,391 which includes $547,391 for fund transfers required by the tri-party agreement between the Zone, Authority and the City, and $15,025,000 for project costs committed to improving sidewalks and addressing localized stormwater drainage issues.

• The FY25 Operating Budget also includes $205,000 for administration and overhead.

• The Budget includes a municipal services charge payment in FY25 of $196,546 to pay for the incremental cost of providing services to the area.

• The FY25 – FY29 CIP totals $124,301,362 and includes provisions for the construction of pedestrian mobility improvements and planning, design and construction of stormwater drainage improvements, and an assessment of affordable housing needs in the Zone.

Attachments: FY25 Operating Budget and FY25 - FY29 CIP Budget

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Gwendolyn Tillotson-Bell, Chief Economic Development Officer

___Jennifer D. Curley, Assistant Director

Phone:  (832) 393-0981