H \WPFILES\ENLARGE2007 DOC City of Houston, Texas, Ordinance No . 2007-
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This ordinance from the City of Houston proposes to enlarge the boundaries of Reinvestment Zone Number Three (Main Street/Market Square Zone), which was originally created in 1995 and previously enlarged in 1998 and 2005. The City Council finds that the additional contiguous area meets state requirements for reinvestment zone expansion under Texas Tax Code Chapter 311, as it is located within Houston's corporate limits, contains substandard and deteriorating structures that impair sound growth, and represents less than 10 percent residential property. The expansion complies with state limitations, as the total appraised value of the enlarged zone does not exceed 15 percent of the city's total taxable real property value or that of Harris County and the Houston Independent School District.
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