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 2023-24 (for 2025), calculated by the Tax Assessor-Collector's Office, for the Aldine TIRZ No. 1 in which the County currently participates; the tax increment revenue payment into the Aldine TIRZ #1 tax increment fund (No. 2430) based on the zone creation order for the zone approved by Commissioners Court on December 13, 2022; and the final tax increment reinvestment zone project plan and financing plan for Harris County Reinvestment Zone Number One (Aldine TIRZ) approved by Commissioners Court on August 14, 2024.
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Background and Discussion:
Request for transfer into the County TIRZ No. 1 (Aldine) Tax Increment Fund (No. 2430) regarding the following annual Tax Increment Reinvestment Zone (TIRZ) payments in accordance with Commissioners Court Orders, and Interlocal Agreements previously approved by Commissioners Court, on behalf of Harris County, for tax year 2023-24, in the amount shown in the table below.
HARRIS COUNTY
Harris County TIRZs (County Controlled)
Aldine TIRZ #1
$4,118,240.00
Expected Impact:
The transfer of annual Tax Increment Reinvestment Zone revenue into the Aldine TIRZ #1 County Tax Increment Fund will benefit the implementation of capital improvements, housing, and commun...
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