Department: Housing and Community Development
Department Head/Elected Official: Thao Costis, Executive Director
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
MWDBE Contracted Goal (if applicable): N/A
MWDBE Current Participation (if applicable): N/A
Justification for 0% MWDBE Participation Goal: N/A - Goal not applicable to request
Request Summary (Agenda Caption):
title
Request for approval of payments of annual TIRZ revenue for Tax Year 2023 for five TIRZ in which the County currently participates and of annual payments to the Harris County Redevelopment Authority (HCRDA) based on the agreement between Harris County, HCRDA, and Harris Co. Improvement District #18.
end
Background and Discussion:
Request for payments regarding the following:
A) annual Tax Increment Reinvestment Zone (TIRZ) payments to the various municipalities and the Harris County Redevelopment Authority (HCRDA) in accordance with Interlocal Agreements previously approved by Commissioners Court, on behalf of Harris County and Flood Control District, for tax year 2023, in the amounts shown in the table below.
B) Harris County’s annual Agreement payment to the HCRDA in accordance with the Agreement approved by Commissioners Court on October 23, 2012, between Harris County, HCRDA, and the Harris County Improvement District #18 (Springwoods Village Development), in the amount of $ 5,955,306. The payment will be disbursed by Harris County to the HCRDA, which will distribute the payment in accordance with the agreement.
|
HARRIS COUNTY |
|
|
|
Houston TIRZs (City Controlled) |
|
|
Market Square #3 |
|
$174,304 |
|
East Downtown #15 |
$1,876,001 |
|
Houston TIRZ (HCRDA Controlled) |
|
|
Greater Houston #24 |
$8,312,249 |
|
Harris County - Houston TIRZs |
$10,362,554 |
|
|
|
|
|
|
Other Municipality TIRZs |
|
|
La Porte #1 |
|
$1,249,367 |
|
Baytown #1 |
|
$ 595,938 |
|
Harris County - Other TIRZs |
$1,845,305 |
|
|
|
|
|
|
TOTAL HARRIS COUNTY - ALL TIRZs |
$12,207,859 |
|
|
|
|
|
|
FLOOD CONTROL |
|
|
|
Houston TIRZs (City Controlled) |
|
|
Market Square #3 |
|
$15,440 |
|
Houston TIRZ (HCRDA Controlled) |
|
|
Greater Houston #24 |
$ 734,983 |
|
TOTAL FLOOD CONTROL - ALL TIRZs |
$750,423 |
|
|
|
|
|
|
TOTAL COUNTY & FLOOD -ALL TIRZs |
$12,958,282 |
|
Harris County Redevelopment Authority payment (Springwoods) |
$5,955,306 |
Expected Impact:
The payments of annual Tax Increment Reinvestment Zone revenue to three City of Houston TIRZs and to the city of Baytown TIRZ and city of La Porte TIRZ will benefit the ongoing capital improvements occurring in the respective zones. The annual payment to the HCRDA for the HCID #18 Springwoods development will support the on-going development of the master-planned community. Fiscal Impact: $18,913,588 will be transferred from the Tax Increment Reinvestment Zone revenue.
Alternative Options:
If the annual payments are not made, this would adversely affect the funding of capital projects, and development agreements that rely on the annual revenue streams.
Alignment with Goal(s):
_ Justice and Safety
x Economic Opportunity
x Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service
Prior Court Action (if any):
|
Date |
Agenda Item # |
Action Taken |
|
6/6/23 |
23-3159 |
Request for approval of payments of annual TIRZ revenue for Tax Year 2022 for five TIRZs in which the County currently participates and of annual payment to the Harris County Redevelopment Authority (HCRDA) based on the agreement between Harris County, HCRDA, and Harris Co. Improvement District #18. |
Location:
Address (if applicable): N/A
Precinct(s): Countywide
|
Fiscal and Personnel Summary |
|
Service Name |
TIRZ and RDA |
|
|
|
Current Fiscal Year Cost |
Annual Fiscal Cost |
|
|
Labor |
Non-Labor |
Total |
Recurring Expenses |
|
Funding Sources |
|
|
Existing Budget |
|
|
|
|
|
1000 - General Fund |
$ |
$18,913,588 |
$18,913,588 |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Current Budget |
$ |
$18,913,588 |
$18,913,588 |
$ |
|
Additional Budget Request (Requires Fiscal Review Request Form) |
|
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Choose an item. |
$ |
$ |
$ |
$ |
|
Total Additional Budget Request |
$ |
$ |
$ |
$ |
|
Total Funding Request |
$ |
$18,913,588 |
$18,913,588 |
$ |
|
Personnel (Fill out section only if requesting new PCNs) |
|
|
Current Position Count for Service |
- |
- |
- |
- |
|
Additional Positions Request |
- |
- |
- |
- |
|
Total Personnel |
- |
- |
- |
- |
Anticipated Court Date: June 25, 2024
Anticipated Implementation Date (if different from Court date): N/A
Emergency/Disaster Recovery Note: Not an emergency, disaster, or COVID-19 related item
Contact(s) name, title, department: Rene Martinez, Executive Director, Harris County Redevelopment Authority.
Attachments (if applicable): N/A