SUBJECT: Motion establishing a public hearing date for a fourth amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty (Southwest Houston).
RECOMMENDATION: (Summary)
To establish a public hearing date regarding the fourth amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty (Southwest Houston).
SPECIFIC EXPLANATION:
On September 1, 2016, the Board of Directors of both the Southwest Houston Redevelopment Authority and Reinvestment Zone Number Twenty (“Southwest Houston”) approved amendments to the Project Plan and Reinvestment Zone Financing Plan for the Southwest Houston Zone and transmitted a proposed Fourth Amended Project Plan and Reinvestment Zone Financing Plan (the “Amended Plan”) to the City for consideration by City Council. The Amended Plan will address future infrastructure, mobility and quality of life issues resulting from existing and projected densities within the Southwest Houston Zone.
In accordance with Section 311.011(e) of the Texas Tax Code, a public hearing must be held prior to City Council’s consideration of an ordinance approving the Amended Plan. The Administration recommends setting a public hearing for November 30, 2016.
cc: Marta Crinejo, Agenda Director
Anna Russell, City Secretary
Ronald Lewis, City Attorney
Gary Dzierlenga, Senior Assistant City Attorney