Tax Increment Reinvestment Zone Number Four serves a 701.96 acre geographic area around U.S. 59 and University Boulevard for the purpose of facilitating a program of public improvements including entertainment venues, theaters, plazas, stadiums, parks and associated projects within the entertainment district.

The Board of Directors consists of eight (8) active members appointed for two year terms.  By ordinance, the City Council appoints four directors to fill Positions One through Four, while Position Five is appointed by Fort Bend County Commissioners Court and Position Six is appointed by the Fort Bend County Drainage District.  Fort Bend County Municipal Utility Districts No. 138 and 139 each appoint one director to fill Positions Eight and Nine, respectively.  Position Seven, which is reserved for an appointee of the Fort Bend County Municipal Utility District No. 137 should they agree to participate in the Zone, is not currently active.

Two of these positions - Position Two and Position Four - are set to expire December 31, 2017. Additionally, City Council annually appoints a member to serve as Chairman for a term of one year beginning January 1 of the following year.

Therefore, staff recommends the City Council appoint two members to Tax Increment Reinvestment Zone Number Four Board of Directors (Positions Two and Four) for the period January 01, 2018 through December 31, 2019, as well as appoint a Chair for a one-year term extending January 01, 2018 through December 31, 2018.