SUBJECT: Motion establishing a public hearing date on September 30, 2015 for a sixth amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Five (Memorial Heights Zone)
RECOMMENDATION: (Summary)
Set a public hearing date for the sixth amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Five (Memorial Heights Zone)
SPECIFIC EXPLANATION:
On November 11, 2014, the Board of Directors of both the Memorial Heights Zone and the Memorial Heights Redevelopment Authority approved amendments to the Project Plan and Reinvestment Zone Financing Plan (“ the Amended Plan”) for the Zone then forwarded the proposed Amended Plan to the City for consideration.
The Amended Plan provides for the enlargement of the Zone’s boundaries by approximately 696.75 acres of territory primarily located between Durham Drive and Shepherd Drive from Interstate 610 on the North and White Oak Bayou on the South; 18th, 19th, and 20th Streets between T.C. Jester Boulevard and Shepherd Drive; 6th and 7th Streets between Buffalo Bayou and Yale Street; Heights Boulevard and Yale Street between Interstate 10 and Memorial Drive.
Pursuant to Texas Tax Code Section 311.011(e), a public hearing must be held prior to the adoption of an ordinance approving the Sixth Amended Plan. The Administration recommends setting the public hearing date on Wednesday, September 30, 2015.
cc: Marta Crinejo, Agenda Director
Anna Russell, City Secretary
Donna Edmundson, City Attorney
Gary Dzierlenga, Senior Assistant City Attorney