Primary Department: Housing and Community Development
Primary Department Head/Elected Official: Thao Costis
Secondary Department: N/A
Secondary Department Head/Elected Official: N/A
Regular or Supplemental RCA: Regular RCA
Type of Request: Contract - Amendment
Project ID (if applicable): N/A
Vendor/Entity Legal Name (if applicable): N/A
MWBE Contracted Goal (if applicable): N/A
MWBE Current Participation (if applicable): N/A
Justification for 0% MWBE Participation Goal: N/A - Goal not applicable to request
Grant Indirect Costs Rate (if applicable): N/A
Justification for 0% Grant Indirect Costs Rate (if applicable): N/A - Not a grant item
Request Summary (Agenda Caption):
title
Request for approval to execute the following agreements related to the County's participation in the City of Houston TIRZ No. 24 in order to facilitate the issuance of bonds by a newly formed Houston Harris County Redevelopment Authority for authorized projects in the Zone: (1) Termination Agreement related to the Existing County Participation Agreement; (2) Interlocal Agreement by and among the City of Houston, the County, the Houston Harris County Redevelopment Authority, and the Reinvestment Zone Number Twenty-Four, City of Houston, Texas - New County Participation Agreement; and (3) Interlocal Agreement relating to County Projects in relation to the Greater Houston Tax Increment Revenue Zone No. 24 and Harris County Redevelopment Authority.
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Background and Discussion:
On November 20, 2012, Harris County authorized the creation of the Harris County Redevelopment Authority (HCRDA). Subsequently, on October 31, 2023, Harris County approved the Third Amendment to the Project Plan and Reinvestment Zone Financing Plan for the Tax Increment Reinvestment Zone Number Twenty-Four (TIRZ 24), City of Houston, Texas, also known as the Greater Houston Tax Increment Zone, to increase the Harris County budget and include new budget categories related to the Zone to facilitate the redev...
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