ORDINANCE relating to Fiscal Affairs of FOURTH WARD REDEVELOPMENT AUTHORITY ON BEHALF OF REINVESTMENT ZONE NUMBER FOURTEEN, CITY OF HOUSTON, TEXAS (FOURTH WARD ZONE); approving Fiscal Year 2026 Operating Budget for the Authority and Fiscal Years 2026-2030 Capital Improvement Projects Budget for the Zone - DISTRICT C - KAMIN

SUBJECT:  Approve the Fiscal Year 2026 Operating Budget for Fourth Ward Redevelopment Authority and Fiscal Years 2026-2030 Capital Improvement Plan (CIP) Budget for Reinvestment Zone Number Fourteen, City of Houston, Texas (Fourth Ward Zone).    

RECOMMENDATION:

City Council adopt an ordinance approving the Fiscal Year 2026 Operating Budget for Fourth Ward Redevelopment Authority and the Fiscal Years 2026-2030 CIP Budget for Reinvestment Zone Number Fourteen, City of Houston, Texas (Fourth Ward Zone).    

SPECIFIC EXPLANATION:

The Administration has undertaken a comprehensive review of the proposed FY26 TIRZ budgets and recommends approval of the FY26 Operating Budget for the Fourth Ward Redevelopment Authority (the Authority) and the FY26-FY30 CIP Budget for Reinvestment Zone Number Fourteen, City of Houston, Texas (the Zone).

• The Total Operating Budget for FY26 is $20,594,460, which includes $3,784,125 for required fund transfers required by the triparty agreement between the City, Zone, and Authority; and the interlocal agreement between the Zone and the Houston Independent School District.
• The FY26 Budget also includes $16,810,335 for Project Costs committed to debt service, the planning, designing and construction of pedestrian improvements to enhance pedestrian safety and accessibility, and affordable housing.
• The FY26-FY30 CIP totals $60,384,992 and includes provisions for design and construction of pedestrian improvements, roadway and street reconstruction, historic preservation, and affordable housing.  
• The FY26 Operating Budget includes $14,698,592 for capital expenditures and $408,600 for administration and overhead. 
• The Authority must advise the Chief Economic Development Officer of any budget amendments. Adjustments to the budget that involve an increase, decrease, or adjustment of $400,000 or more require City Council approval.
• The FY26 Operating Budget has a municipal services charge of $98,501.

___________________________

Gwendolyn Tillotson-Bell

Chief Economic Development Officer

Jennifer Curley, Assistant Director

832.393.0981