Midtown Redevelopment Authority Board of Directors met Dec. 5

Midtown Redevelopment Authority Board of Directors met Dec. 5.

Here is the agenda provided by the board:

1. Call to Order and Introduction of Guests

2. Public Comment

3. Consent Agenda for the Midtown Reinvestment Zone

a. Minutes for October 31, 2024

4. Consent Agenda for the Authority

a. Minutes for October 31, 2024

b. Monthly financial reports for October 31, 2024

c. Restatement of certain minutes for 2024 board meetings

d. Funding to Ladder Capital Finance LLC, as Assignee of Caydon Houston Property LP, pursuant to Development Agreement

e. Funding to Rice University, Acting By And Through Rice Management Company, pursuant to Development Agreement

5. Investment Report for First Quarter Fiscal Year 2025 ending September 31, 2024

6. Fiscal Year 2024 Budget

7. Development Agreement with Pearl Residences at Midtown Owner, LLC

8. Affordable Housing Program

a. Affordable Housing Operations Campus

i. Change Orders

ii. 3131 Emancipation Budget for 2025

b. Extension of Option Agreement – Trinity East Village Community Development Corporation

c. Affordability Period

d. Houston Habitat Exchange of 3000 McIlhenny for 3300 McIlhenny Parcels

9. Capital Improvements Program

a. Caroline Street Reconstruction

i. Change Orders

ii. Remedial Drainage Pilot Project

1. Change Orders

b. Urban Redevelopment Plan

c. Street Light Installation

10. Personnel, Compensation and Review Process

11. With respect to the foregoing agenda items, the Authority may conduct an executive session with regards to the following, as appropriate and necessary:

a. Consultation with attorney (Section 551.071, Texas Government Code);

b. The purchase, exchange, lease or value of real property (Section 551.072, Texas Government Code);

c. Personnel matters (Section 551.074, Texas Government Code);

d. Security personnel or devices (Section 551.076, Texas Government Code); and

e. Economic development negotiations (Sections 551.087, Texas Government Code).

Upon entering into the executive session, the presiding officer shall announce which agenda items will be discussed.

12. Adjourn

https://midtownhouston.com/wp-content/uploads/2024/09/Mt_TIRZ-Agenda-12.05.202410558266.6REv.-3.pdf