Consideration of and action on the appointment of two members to Tax Increment Reinvestment Zone Number Four Board of Directors Positions 1 and 3 for a term ending December 31, 2024; and appointment of a Chair for a term ending December 31, 2023.

Tax Increment Reinvestment Zone Number Four (TIRZ No. 4) was created in 2009 and encompasses approximately 698 acres surrounding the intersection of University Boulevard and U.S. 59, including the southern Telfair commercial tracts and the University of Houston at Sugar Land. The Zone is home to the Smart Financial Centre at Sugar Land and also features residential housing, the Telfair Lofts, Costco and the University Commons center, office space, and retail space. The Zone also has plans for an office-entertainment centric mixed-used development surrounding the Smart Financial Centre.

Two of these positions - Positions One and Three are set to expire December 31, 2022.

Staff recommends the City Council reappoint Greg Stirman to Position 1 and Cynthia Knox to Position 3 to Tax Increment Reinvestment Zone No.4 Board of Directors for two-year terms ending December 31, 2024; and appointment of Greg Stirman as Chair with term ending December 31, 2023.