DEPARTMENT: Department of Planning and Community Development
DEPARTMENT HEAD: John Dugan
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
This item is a public hearing and consideration of an Ordinance approving amendments to the Houston Street Tax Increment Reinvestment Zone (TIRZ) #9 Project and Finance Plans and authorizing the execution of an Interlocal Agreement with Bexar County.
SUMMARY:
City Council is being asked to consider amendments to the Houston Street TIRZ Project and Finance Plans which will add several new projects and authorize increases to the total estimated project costs of the TIRZ. In addition City Council is being asked to consider an Interlocal Agreement between the City of San Antonio and Bexar County that will define the County's Participation in the recently extended Houston Street TIRZ.
BACKGROUND INFORMATION:
The Houston Street TIRZ was designated by City Council, through Ordinance 90969, on December 9, 1999. The initial TIRZ Project and Finance Plans were originally approved by City Council on August 23, 2000 through Ordinance 92409. Since then the Project and Finance Plans have been amended on numerous occasions to accommodate changes to the TIRZ project list and a amendment to the boundary.
On September 18, 2014, City Council, through Ordinance 2015-09-18-0713, approved amendments to the Houston Street TIRZ that extended the term of the TIRZ by 20 years until September 30, 2034. Through the same Ordinance City Council approved changes to the composition of the TIRZ board of directors. The changes to the board composition reduced the size of the board from eleven to seven members with three appointees awarded to Bexar County and four appointees awarded to the City. The change reflected the end of participation in the TIRZ of both the University Health System and Alamo Community Colleges who had both reached their maximum contribution levels. On June 4, 2015, through Ordinance 2015-06-04-0489,...
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