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: Transfer of Funds Only
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 of payments of annual TIRZ revenue for Tax Year 2024 (for 2025), calculated by the Tax Assessor-Collector's Office, for TIRZ 24 in which the County currently participates.
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Background and Discussion:
Request for payments regarding the annual Tax Increment Reinvestment Zone (TIRZ) payments to the Harris County Redevelopment Authority (HCRDA) in accordance with Interlocal Agreements previously approved by Commissioners Court, on behalf of Harris County, for tax year 2024, in the amounts shown in the table below.
(City of Houston TIRZ No. 24 - Greater Houston)
HARRIS COUNTY and Flood Control
Houston TIRZ (HCRDA Controlled)
Greater Houston #24 $1,714,509
Total $1,714,509
Expected Impact:
The payments of annual Tax Increment Reinvestment Zone revenue to TIRZ 24 will benefit the ongoing capital improvements, housing, and community development projects occurring in the respective zone.
Alternative Options:
If the annual payments are not made, this would adversely affect the funding of capital projects, housing, and development agreements that rely on the annual revenue streams.
County Strategic Plan Goal: 6. Help resid...
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